Illustration: Kuen Lau
China has HSBC’s taipan in a vice with few options but to fall in line with the security law for Hong Kong in the bank’s biggest market
- As a member of the top Chinese political advisory body, HSBC’s Asia-Pacific CEO had to document his support for the law, says source
- Bank had limited room for manoeuvre as revamped strategy relies heavily on Asian operations
Illustration: Kuen Lau