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Huawei
EconomyChina Economy

Exclusive | Huawei to double down on HSBC as legal battle over extradition of Meng Wanzhou intensifies

  • Huawei to explore ‘all evidence and remedies against’ HSBC, source says, but discussions on whether to sue bank still in preliminary stage
  • Tech giant has hired five law firms in an all-out effort to free Meng Wanzhou

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Meng Wanzhou leaves her home to attend her extradition hearing at British Columbia Supreme Court in Vancouver in January. Photo: Reuters
Zhou Xin
Huawei Technologies, the giant Chinese telecom equipment maker at the centre of the growing China-US technology rivalry, is considering all possible options against HSBC for allegedly presenting “misleading evidence” that resulted in the arrest of its chief financial officer, Meng Wanzhou, in Canada, according to people familiar with the matter.

While internal discussions are still in their preliminary stage, Shenzhen-based Huawei, which Washington has labelled a threat to US national security, has decided to “explore all evidence and remedies against HSBC”, one source briefed on the discussions told the South China Morning Post. The source declined to be identified, as the discussions were confidential.

If Huawei goes ahead, it would mark a widening of the legal battle over whether Meng, the daughter of Huawei founder Ren Zhengfei, should be extradited to the United States.

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It would also drag HSBC – the flagship bank of Hong Kong that provided evidence to the US Department of Justice about Meng – into a direct legal dispute with the powerful Chinese company, escalating its current public relations crisis.
HSBC does not have any hostility towards Huawei and did not ‘frame’ Huawei
HSBC

Huawei is pulling out all the stops to rescue Meng – at least five separate law firms are working on her behalf. In the latest move, Meng has asked for access to redacted spy agency documents, in an effort to end the extradition process.

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