Investment Banking

HSBC launches new fintech venture in China after Hong Kong fallout

The move comes amid criticism of the bank over its support of a controversial new law

HSBC is setting up new services in mainland China just weeks after backing a controversial new security law in Hong Kong.

Police have used the security law as the basis for a crackdown on protesters in Hong Kong, and HSBC has been criticised by both staff and investors for backing Beijing on the ruling.

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