China's warning to global CEOs: Toe the Party line on HK

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China's warning to global CEOs: Toe the party line on HK. YahooFinance

PwC, another Big Four accounting giant, sent a similar message to staff telling them to avoid disclosing anything about the company on social media platforms, according to emails seen by Bloomberg.

Cathay, Hong Kong’s flagship airline, has become a symbol of what happens when a company is judged to have crossed China’s red lines. On the protests, the bank has so far appeared unwilling to rein in its workforce, which stood at 238,000 full-time employees in June. According to the Financial Times, HSBC managers allowed staff in Hong Kong to attend a mid-week demonstration in June, as long as they didn’t break the law.

“We are very concerned about the recent social events and strongly condemn any violence and actions that disrupt social order,” the bank said in its ad.

 

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