Hong Kong — HSBC Holdings CEO Noel Quinn is set to appear before the UK parliament foreign affairs committee to answer questions over the lender’s moves to freeze accounts of activists in Hong Kong, according to an exiled legislator.
The London-based bank, which counts Hong Kong as its largest market, has been caught in the midst of growing tension as China tightens control over the former British colony. The lender came under criticism last year after its top executive in Asia publicly endorsed a controversial security law imposed on the city. A local church has also accused the bank of freezing its account.
Richard Harris, CEO at Port Shelter Investment Management., said HSBC is in an “impossible position”.
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