It is unusual for a bank to enter into a political debate, especially a bank as controversial as China`s new security laws, which many believe could mark the end of Hong Kong`s unique freedoms. Wong, who is also president of the Hong Kong General Chamber of Commerce, said in an interview published on June 3 with China`s official Xinhua news agency that the national security law would bring social stability to Hong Kong. “With the support of the growing continental market, Hong Kong`s economy will finally emerge from the clouds and return to the path of development.” Hong Kongers fear this will affect freedom of expression and their right to protest. In China, this would be considered a subversion. People are also concerned about proposals for China to set up its own security institutions in Hong Kong. The cookies we use are absolutely secure. In fact, many of them are used exclusively to provide important security features such as protecting your data and accounts. We adhere to strict security standards and procedures to prevent unauthorized access to information about you. HSBC will never contact you by email or ask you in any other way to validate personal information such as your user ID, password or account numbers. If you receive such a request, call us at 800 4525 (within the United Arab Emirates) -9714 227 4310 (outside the United Arab Emirates).

You should read our cookie policy to learn more about how HSBC and our trusted partners use cookies, which is relevant to your online security. We use cookies to use our website in a safer and simpler way. If you would like more information on everything we have said in this press release or would like to contact our data protection representative, please contact your regular HSBC representative or use the Customer Service option on the home page www.hsbcnet.com which sets our contact information in the respective legal systems. This privacy policy can be updated from time to time and the latest version is available in www.hsbcnet.com. In June 2020, on the eve of the anniversary of the Tiananmen Square protest, HSBC took the rare step of addressing political issues by publicly supporting Beijing`s controversial new national security law for Hong Kong. [165] Peter Wong, Chairman of the Board of Directors of HSBC`s Asia-Pacific branch, signed a petition in support of the law and stated in an article on Chinese social media that HSBC “respects and supports all laws that stabilize Hong Kong`s social order.” [166] [167] This Communication (Declaration of Confidentiality) applies to personal data held by HSBC Group members as responsible for the processing or organization responsible for the personal data under our control, as described below. It explains what information we collect about you, how we use this information, with whom we share it, under what circumstances we share it, and what steps we take to ensure that it remains private and secure. It also applies when your use or agreement for HSBCnet ends. A senior HSBC official has signed a petition supporting China`s initiative to impose security laws in Hong Kong that have placed the Bank on Beijing`s side in the fight for the territory`s future. We use a number of measures to keep your data safe and secure, including encryption and other forms of security. We ask our employees and third parties working on our behalf to meet appropriate compliance standards, including information protection obligations, and to implement appropriate measures for the use and dissemination of information.

Standard Chartered also has a strong presence in Asia.