Wednesday, Jul 8 2020 | Time 06:37 Hrs(IST)
  • Nanded division of South Central Railway sets up Business Development Unit to scale up freight loading
  • US imposes visa restrictions on Chinese officials over Tibet policies: Pompeo
  • Texas reports single-day record 10,028 new coronavirus cases - Health Department
  • Nigerian police say at least 14 killed in boat accident
  • Shiv Sainiks protest against hefty power bills
  • Solar Pump Yojana a key strategy in MP’s energy arsenal
  • Rs 2 22 lakh collected as fine from violators of lockdown regulations in Navi Mumbai
  • Thane civic body forms committee to trace missing elderly corona patient from hospital
  • US notifies UN chief of withdrawal from WHO effective July 6, 2021: Spokesman
  • 21 dead, 16 injured after bus plunges into lake in southwest China
  • Global COVID-19 deaths surpass 540,000: Johns Hopkins University
  • At least 8 people killed in terrorist attack in Syrian city bordering Turkey: Source
  • Israel's public health chief resigns amid surge in new COVID-19 cases
  • Police constable from Aurangabad arrested in bribery case

HSBC and Standard chartered supports Beijing over Hong Kong

HSBC and Standard chartered supports Beijing over Hong Kong

Beijing June 4 ( UNI ) HSBC and Standard Chartered have given their support to China's new security laws for Hong Kong.

The banks made statements saying the proposed law can help maintain long-term stability in the troubled city.

According to the Telegraph, the move comes after when Hong Kong's pro Beijing former leader threatens HSBC by saying that the Bank can be replaced overnight.

In a carefully worded post on Chinese social media platform on Wednesday, HSBC said that Peter Wong, chief executive of the lender’s Asian businesses, had signed a petition in support of the legislation.

“We reiterate that we respect and support laws and regulations that will enable Hong Kong to recover and rebuild the economy and, at the same time, maintain the principle of ‘one country two systems' the post said.

Bank's Asia-Pacific boss Peter Wong has been widely criticised by protesters for breaking his political neutrality which is quite unusual for an business entity.

Standard chartered also lends it support to the china.

In a statement sent to the Financial times standard chartered said “We believe the national security law can help maintain the long-term economic and social stability of Hong Kong,”

UNI XC PR 1150

More News

Israel's public health chief resigns amid surge in new COVID-19 cases

08 Jul 2020 | 1:22 AM

Tel Aviv, Jul 7 (UNI) The Israeli Health Ministry's director for public health services Siegal Sadetzki announced on Tuesday she would step down over criticism of the government's way of handling the coronavirus outbreak amid a sharp increase in new cases.

see more..

US officially withdraws from WHO

08 Jul 2020 | 12:39 AM

Washington, Jul 7 (UNI) US President Donald Trump has officially withdrawn the United States from the World Health Organization (WHO), US Senator Bob Menendez said in a tweet on Tuesday.

see more..

Italy suspends flights from Bangladesh after virus cases

08 Jul 2020 | 12:07 AM

Dhaka, Jul 7 (UNI) Italy's Health Minister ordered the suspension of flights to Rome from Bangladesh on Tuesday, after a spate of coronavirus cases within the community that authorities worry could expand.

see more..

Bangladesh: Six killed in clash

08 Jul 2020 | 12:02 AM

Dhaka, Jul 07 (UNI) At least six people were killed and two other received bullet injuries in a clash between two groups in Bagmara area under the district Bandarban in Bangladesh on Tuesday morning.

see more..

Brazilian Prez Jair Bolsonaro tests positive for COVID-19

07 Jul 2020 | 10:53 PM

Rio De janeiro, Jul 7 (UNI) Brazilian President Jair Bolsonaro announced on Tuesday that he has tested positive for the novel coronavirus.

see more..