PRC influence on HK Corporates: The case of HSBC

CHINA ADVISORY - Report 06 Sep 2019 by Andrew Collier

The statement Thursday September 4 that Carrie Lam will withdraw the Extradition Bill may soften but is unlikely to end the opposition protests among students. Meanwhile, with or without the end to the protests, we see increasing signs of intrusion into Hong Kong business by the PRC. As a result of the protests, no matter what the outcome, the mainland will certainly intensify its informal control in Hong Kong in the political and economic sphere. This will affect the independence, and in some cases, the profitability of companies operating or based in Hong Kong. We look at HSBC specifically for where and how this intrusion could occur.

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