HSBC, StanChart Press Sunak to Ease Clampdown on China Business [BNN Bloomberg (Canada)]
HSBC Holdings, plc. (HSBC)
US:NYSE Investor Relations:
hsbc.com/investor-relations
Company Research
Source: BNN Bloomberg
Their target is part of new British national security legislation, which aims to boost transparency of any dealings with nations posing a “potential risk to UK safety.” Executives are lobbying ministers not to include China in the strictest risk category, arguing that would impede business and trigger negative publicity if they're forced to declare it, according to people familiar with the matter. Even though the government has not made a final decision on how to designate China, there has already been a significant backlash among financial and other firms, the people said, asking for anonymity to discuss private lobbying efforts. Both HSBC and Standard Chartered declined to comment. Sunak's office also declined to comment, while a government official told Bloomberg that those lobbying for them are unlikely to get everything they're asking for. The question of how close to let businesses get to China is part of a major political tussle in the UK. Relations between London and Be
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HSBC
Sec Filings
- 5/20/24 - Form 6-K
- 5/20/24 - Form 6-K
- 5/17/24 - Form 8-A12B
- HSBC's page on the SEC website