HSBC is facing dueling loyalty tests it can only fail
When Ted Hui arrived in the UK last December after fleeing Hong Kong, he was in shock: Not only was his HSBC bank account frozen, but his bank balance was also zero. Hui, a key figure in Hong Kong's democracy movement who took on a visible role as a frontline mediator during the 2019 protests, feared something like this would happen. In the past few months, HSBC has come under strong pressure from politicians in the West who accuse the bank of facilitating China's authoritarian crackdown on Hong Kong.
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