How do people feel about HSBC supporting China's new Hong Kong national security law?

notveryeducated

eDicky said:

Regardless of where HSBC might be headquartered they have a gigantic presence in Hong Kong and no doubt would like to keep it. So in common with several other large corporations and banks, and the government of a country belittled by its divorce from the EU, the Chinese have them all by the balls. There will be no real reaction to the new security laws apart from words, and everyone who's anyone will kowtow to the new emperor in practice.

I second this. A senior Chinese politician also said HSBC could be replaced overnight if they wanted to do so, so it's definitely in HSBC's best interest to jump into bed with China's government. 

phillw

London7766551 said:
What China does is up to China, I have no problem buying or using Chinese products in general, what gets my back up is HSBC (a UK based bank) is supporting the Chinese government over the British one. 

What has it got to do with the British Government?
It's rather ridiculous that at the time the British Government are saying they need to take control of their own laws and not be dictated to by foreign governments that they have authority to interfere with the Chinese government taking control of their own laws.

jonnygee2

It's rather ridiculous that at the time the British Government are saying they need to take control of their own laws and not be dictated to by foreign governments that they have authority to interfere with the Chinese government taking control of their own laws.

The democratic protesters in Hong Kong will now be extradited to China, tortured, put in labour camps where they will quite possibly die. I think it's right that the UK government takes a stand over this.

Taking control over your own laws and choosing to support or counter an authoritarian regime's human rights abuses are different things.

phillw

jonnygee2 said:
The democratic protesters in Hong Kong will now be extradited to China, tortured, put in labour camps where they will quite possibly die. I think it's right that the UK government takes a stand over this.

Taking control over your own laws and choosing to support or counter an authoritarian regime's human rights abuses are different things.

One of the main reasons the conservatives had for leaving the EU and taking back control over our laws, was so that prisoners could be extradited and face torture or death.
Apparently that is ok because we are British and we want to extradite brown people, but China is bad because they are targeting Hong Kong residents who are like us due to our colonial past.
Our government doesn't seem to care about Chinese people on the main land.
I think the Chinese government is wrong on many things, but asking them to treat Hong Kong residents better than Chinese people is clearly discriminatory.
I wonder if our Government will have this as a red line in their post brexit trade negotiations? I would guess we're too inconsequential for us to have any bargaining power, expecting a bank to behave differently would be hypocrtical.

kaMelo

phillw said:

jonnygee2 said:
The democratic protesters in Hong Kong will now be extradited to China, tortured, put in labour camps where they will quite possibly die. I think it's right that the UK government takes a stand over this.

Taking control over your own laws and choosing to support or counter an authoritarian regime's human rights abuses are different things.

One of the main reasons the conservatives had for leaving the EU and taking back control over our laws, was so that prisoners could be extradited and face torture or death.
Apparently that is ok because we are British and we want to extradite brown people, but China is bad because they are targeting Hong Kong residents who are like us due to our colonial past.
Our government doesn't seem to care about Chinese people on the main land.
I think the Chinese government is wrong on many things, but asking them to treat Hong Kong residents better than Chinese people is clearly discriminatory.
I wonder if our Government will have this as a red line in their post brexit trade negotiations? I would guess we're too inconsequential for us to have any bargaining power, expecting a bank to behave differently would be hypocrtical.

What complete and utter diatribe you have written, your posts show how completely ignorant you are over Hong Kong.
What China has done is rip up an international agreement, imposed it's will over the democratic will of the Hong Kong nationals. Dissent could get you a life sentence handed down from hand picked judges who oversee a trial behind closed doors. You seem to think if people are not okay with this then it's discriminatory?   You're nuts. 

What HSBC does is for it and it's shareholders to decide, we as customers can make our decisions based upon this.

[Deleted User]

kaMelo said:

phillw said:

jonnygee2 said:
The democratic protesters in Hong Kong will now be extradited to China, tortured, put in labour camps where they will quite possibly die. I think it's right that the UK government takes a stand over this.

Taking control over your own laws and choosing to support or counter an authoritarian regime's human rights abuses are different things.

One of the main reasons the conservatives had for leaving the EU and taking back control over our laws, was so that prisoners could be extradited and face torture or death.
Apparently that is ok because we are British and we want to extradite brown people, but China is bad because they are targeting Hong Kong residents who are like us due to our colonial past.
Our government doesn't seem to care about Chinese people on the main land.
I think the Chinese government is wrong on many things, but asking them to treat Hong Kong residents better than Chinese people is clearly discriminatory.
I wonder if our Government will have this as a red line in their post brexit trade negotiations? I would guess we're too inconsequential for us to have any bargaining power, expecting a bank to behave differently would be hypocrtical.

What complete and utter diatribe you have written, your posts show how completely ignorant you are over Hong Kong.
What China has done is rip up an international agreement, imposed it's will over the democratic will of the Hong Kong nationals. Dissent could get you a life sentence handed down from hand picked judges who oversee a trial behind closed doors. You seem to think if people are not okay with this then it's discriminatory?   You're nuts. 

What HSBC does is for it and it's shareholders to decide, we as customers can make our decisions based upon this.

Hong Kong was obtained from China solely due to the Opium Wars.
It was an non-democratic British colony for most of it's existence. 
Let's not sugar coat it.

swaledale_one

Next people should stop eating weetabix and alpin, and stop drinking thames water as they are all owned by the chinese government.

Thrugelmir

swaledale_one said:

Next people should stop eating weetabix and alpin, and stop drinking thames water as they are all owned by the chinese government.

Majority of the major Chinese companies are state controlled. At home they hold market monopolies or oligopolies. 

kaMelo

dahj said:

kaMelo said:

phillw said:

jonnygee2 said:
The democratic protesters in Hong Kong will now be extradited to China, tortured, put in labour camps where they will quite possibly die. I think it's right that the UK government takes a stand over this.

Taking control over your own laws and choosing to support or counter an authoritarian regime's human rights abuses are different things.

One of the main reasons the conservatives had for leaving the EU and taking back control over our laws, was so that prisoners could be extradited and face torture or death.
Apparently that is ok because we are British and we want to extradite brown people, but China is bad because they are targeting Hong Kong residents who are like us due to our colonial past.
Our government doesn't seem to care about Chinese people on the main land.
I think the Chinese government is wrong on many things, but asking them to treat Hong Kong residents better than Chinese people is clearly discriminatory.
I wonder if our Government will have this as a red line in their post brexit trade negotiations? I would guess we're too inconsequential for us to have any bargaining power, expecting a bank to behave differently would be hypocrtical.

What complete and utter diatribe you have written, your posts show how completely ignorant you are over Hong Kong.
What China has done is rip up an international agreement, imposed it's will over the democratic will of the Hong Kong nationals. Dissent could get you a life sentence handed down from hand picked judges who oversee a trial behind closed doors. You seem to think if people are not okay with this then it's discriminatory?   You're nuts. 

What HSBC does is for it and it's shareholders to decide, we as customers can make our decisions based upon this.

Hong Kong was obtained from China solely due to the Opium Wars.
It was an non-democratic British colony for most of it's existence. 
Let's not sugar coat it.

I never claimed it was fully democratic under British rule or that it wasn't seized using force from China, I believe history should always include the uncomfortable truths.
But neither do I remember, ever, anyone being threatened with life imprisonment for simply protesting against the state. China has ripped up the Sino-British Joint Declaration and imposed it's will on Hong Kong, to suggest we shouldn't care about it because "well it was a bit !!!!!! under British rule too" is just nonsense.
 
I remember in 1996, when I lived there whilst working on the new airport, despite electoral reforms and the joint declaration, people were worried China would do something like this and that's why they were calling for British Citizenship back then.
Sadly history has proved they were correct. 

phillw

kaMelo said:
What China has done is rip up an international agreement, imposed it's will over the democratic will of the Hong Kong nationals.

International agreements are voluntary, until they're not. Like being a member of the EU, which our Goverment is gleefully ripping up.
Sucks to be from Hong Kong right now obviously, but then being from mainland China seems to be pretty bad too.
I just think it's laughable for someone to state they don't blame the Chinese government for what is happening, but blame HSBC for not condemning it when someone from the British Government says they should.
China have seen how weak the UK is post brexit and is taking back control. It should be a lesson to you on unintended consequences and bias.