News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

View

When dealing with China, banks may need ‘one company, two systems’

Businesses face the prospect of being caught in the political crossfire between two superpowers. There is a way through to safety, but it will require some work

When dealing with China, banks may need ‘one company, two systems’
Photo: Getty Images

“It is like being stuck between your mother on one side, and your wife on the other. The only difference is, in this case, they both have nuclear weapons.”

Much has been said about the conflicting laws about Hong Kong between China and the United States, yet few comments capture the situation which multinational companies currently face quite as well as the one above.

WSJ Logo