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  • a British lawmaker said HSBC is aiding a crackdown on democracy in Hong Kong during a virtual hearing by the UK Foreign Affairs Committee on Tuesday.

  • Do you understand how it might seem to a lot of British people who have bank accounts with you, um, that you're effectively aiding and abetting one of the biggest crackdowns on democracy in the world?

  • MP Chris Bryant was questioning HSBC CEO Noel Quinn over the bank's freezing of Hong Kong Democrats bank accounts.

  • They include former lawmaker Ted Hoy, who has had his local accounts blocked.

  • But Quinn had told Hoy and a letter that he was complying with a police request and the CEO told lawmakers Tuesday his bank was quote not in a position to judge the motives of Hong Kong police.

  • I can't cherry pick what law to follow, what law not to follow as a CEO of a financial institution.

  • My motive is 100% about helping the people of Hong Kong recover from the challenges that they face Andi.

  • I have to work within the legal framework that I am given in Hong Kong to do that.

  • When pressed by lawmakers whether HSBC would ever deny police requests on ethical grounds.

  • Quinn said he was not considering this.

  • In Hong Kong, the grilling from British lawmakers saw HSBC yet again dragged into the political battle between Hong Kong's pro Beijing and democratic factions.

  • Founded in the Asian city but headquartered in Britain, HSBC has historically trying to remain politically neutral.

  • Recently, however, it has shown support for Beijing, most notably last June when its top executive in Asia signed a petition supporting a sweeping national security law imposed by Beijing on Hong Kong.

a British lawmaker said HSBC is aiding a crackdown on democracy in Hong Kong during a virtual hearing by the UK Foreign Affairs Committee on Tuesday.

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