Hong Kong. HSBC warning as thousands locked out of pensions with no access to savings
HSBC is refusing to transfer £978million in pension savings belonging to thousands of Hong Kong exiles who have fled to Britain. The FTSE 100 bank is withholding funds from tens of thousands of former Hong Kong residents who sought refuge in the UK following pro-democracy protests and the introduction of national security laws. The banking giant, which has its headquarters in London but maintains significant operations in China, claims legal barriers prevent it from releasing the pension funds to those who...