Inquiry launched into role of British banks in Hong Kong in ‘suppression’ of rights

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Parliamentarians in London have launched a new inquiry into allegations that British banks, including HSBC, helped Beijing punish pro-democracy activists in Hong Kong.

The All-Party Parliamentary Group on Hong Kong, which includes both unelected peers and MPs, is asking for written witness statements from activists who have had their bank accounts frozen.

“These banks benefit from the UK government’s commitment to the rule of law and respect for human rights, and as such these are principles they should be expected to uphold when conducting their business abroad,” said the co-chairs of the group, Labour’s Alistair Carmichael MP and Green Party Peer Natalie Bennett.

“That is a process that we operate very thoroughly and carefully with appropriate due diligence not only in Hong Kong but elsewhere in the world,” Quinn told the committee.Chris Whitehouse, CEO of Whitehouse Communications, the public affairs consultancy running the inquiry on behalf of the all-party group, said British banks promoted their adherence to ESG .

 

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