Big bankers are betting wrong in heading to Hong Kong


Source: nypost.com nypost.com

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Top bankers from Goldman Sachs, JPMorgan Chase, Citibank and other financial powerhouses will head to Hong Kong Nov. 1 to 3 to meet with a leader the US government has sanctioned for his human-rights violations. Hong Kong Chief Executive John Lee isn’t allowed to open an account with any of these American banks — yet their leaders are happy to hobnob with Lee and polish the city’s tarnished image. If financiers go ahead with plans to attend the Global Financial Leaders’ Investment Summit, the craven display will prove what the Chinese Communist Party has long suspected: Wall Street is the...