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HSBC and Standard Chartered shares drop as China tightens grip on Hong Kong

The move by Chinese legislators to introduce national security law has stoked fears of another wave of protests in Hong Kong

HSBC and Standard Chartered were among the biggest fallers on the FTSE 100 today as China approved laws that will bring Hong Kong further under Beijing’s control.

The move by Chinese legislators has sparked fears of more protests in Hong Kong, where HSBC and Standard Chartered have significant operations.

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