UK Banks Including HSBC ‘Complicit’ in Hong Kong Human Rights Suppression, Lawmakers Find
British banks in Hong Kong, including HSBC, have been complicit in suppressing human rights by proactively supporting Beijing’s National Security Law, a group of UK lawmakers found in an inquiry.
“Numerous instances” exist in which banks have denied Hongkongers access to their pensions and other funds, the All-Party Parliamentary Group (APPG) on Hong Kong stated in a report published on Feb. 8.
British banks have denied Hongkongers access to their mandatory provident funds by rejecting their British National (Overseas) status, or BN(O) status, as evidence of permanent departure from Hong Kong, the inquiry found.
It means Hongkongers who moved to the UK via the BNO route lost access to their money, making it harder for them to settle down….