HONG KONG/LONDON - HSBC's top executive in Asia has signed a petition backing China's imposition of a national security law on Hong Kong, an online bank post said on Wednesday , breaking years of political neutrality for the UK-based, Asia-focused lender.
Hong Kong is HSBC's most important single market and the lender has invested billions of dollars in China in recent years in a bid to grow its market share in the world's second-largest economy. Some protesters accused HSBC of being complicit in action by the authorities against activists trying to raise money to support protesters, accusations the bank denied.
Cathay Pacific Airways last year was forced to suspend staff involved in the protests, and chief executive Rupert Hogg and his top deputy resigned in August amid the turmoil.
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