Congress Demands Answers from CCP-Friendly HSBC Bank

Congress is demanding answers from a multinational British investment bank after American citizens’ accounts were frozen for running afoul of the Chinese Communist Party during the Hong Kong protests.

In a letter from the Congressional-Executive Commission on China (CECC) to HSBC Group Chief Executive Noel Quinn, Congress raised “questions and concerns” regarding “restrictions placed on the accounts of American citizens and the freezing of accounts of Hong Kong activists, independent media, and civic groups,” asking the second largest bank in Europe to “justify” why such actions were taken and if “actions were requested by Hong Kong authorities or officials from the People’s Republic of China” in the wake of the June 2020 National Security Law.

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