HSBC has additionally been severely criticised by British MPs and US politicians for closing the accounts of pro-democracy activists.Carrie Lam, Hong Kong’s chief government, has praised the financial institution in current weeks, saying she would “love” for HSBC to increase within the metropolis. Founded in 1865 because the Hongkong and Shanghai Banking Corp., HSBC moved its base to London in 1993 after shopping for Midland Bank within the run-up to the colony’s 1997 return to China.
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