Politics

Dump HSBC, Standard Chartered over Hong Kong, UK lawmakers tell BlackRock and Wimbledon

The group of MPs called the banks' support of China's new security laws in Hong Kong 'fundamentally unethical'

A group of UK MPs have written to the heads of BlackRock, the Wimbledon tennis tournament, the British Open and World Rugby Sevens, asking them to reconsider their links with HSBC and Standard Chartered over their support for China’s actions in Hong Kong.

The All-Party Parliamentary Group on Hong Kong and select members of the Treasury Select Committee asked the organisers of sporting events to end their sponsorship deals with HSBC, as it claimed the bank has “repeatedly enabled and supported the Beijing-backed Hong Kong authorities to commit brutal human rights abuses against Hongkongers”.

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