People walk past the HSBC logo in Central. The bank followed the call from the Prudential Regulation Authority, a British regulator, to cancel dividends until at least the fourth quarter in the light of the coronavirus pandemic. Photo: Sam Tsang People walk past the HSBC logo in Central. The bank followed the call from the Prudential Regulation Authority, a British regulator, to cancel dividends until at least the fourth quarter in the light of the coronavirus pandemic. Photo: Sam Tsang
People walk past the HSBC logo in Central. The bank followed the call from the Prudential Regulation Authority, a British regulator, to cancel dividends until at least the fourth quarter in the light of the coronavirus pandemic. Photo: Sam Tsang
SCMP Editorial
Opinion

Opinion

SCMP Editorial

HSBC finds itself caught between a rock and hard place

  • With dividends cancelled because of an order by British regulators, the bank – having abandoned Hong Kong in 1993 – now has few friends here even if it wants to return

People walk past the HSBC logo in Central. The bank followed the call from the Prudential Regulation Authority, a British regulator, to cancel dividends until at least the fourth quarter in the light of the coronavirus pandemic. Photo: Sam Tsang People walk past the HSBC logo in Central. The bank followed the call from the Prudential Regulation Authority, a British regulator, to cancel dividends until at least the fourth quarter in the light of the coronavirus pandemic. Photo: Sam Tsang
People walk past the HSBC logo in Central. The bank followed the call from the Prudential Regulation Authority, a British regulator, to cancel dividends until at least the fourth quarter in the light of the coronavirus pandemic. Photo: Sam Tsang
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