Raab Appears To Criticise HSBC Over Security Law

Britain's Foreign Secretary Dominic Raab voiced a thinly veiled criticism of HSBC on Monday after the bank backed China's national security law for Hong Kong, contradicting the British government's opposition to it.

"In relation to HSBC, ultimately businesses will make their own judgement calls," Raab told a daily news briefing in response to a question from Reuters about what message he would send to the bank.

"But let me just put it this way, we will not sacrifice the people of Hong Kong over the altar of banker bonuses."

HSBC has faced criticism from several senior British and US politicians over its backing for Beijing's controversial law.

Another major British bank, Standard Chartered, also pledged its support for the planned law

Last week, Aviva Investors, a major shareholder in HSBC and Standard Chartered, criticised both banks for backing the national security legislation. Beijing has yet to release the details of the planned law.

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