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Stock impact report

HSBC boss knighted despite bank's controversial links to China [Yahoo! Finance]

HSBC Holdings, plc. (HSBC) 
US:NYSE Investor Relations: hsbc.com/investor-relations
Company Research Source: Yahoo! Finance
Mark Tucker, who has chaired HSBC since 2017, was given the award for services to the economy in the King's birthday list after a decades long career in insurance and banking. Mr Tucker, 66, has been a high profile figure in Asian business since the 1990s and has steered HSBC through the recent diplomatic chill between the West and China While he has overseen an improvement in the bank's share price and profits in recent years, HSBC's actions in Hong Kong have been heavily criticised as Beijing has exerted an increasingly authoritarian grip on the region. Mr Tucker was severely criticised three years ago by a coalition of international politicians after HSBC froze the accounts of a pro-democracy activist from Hong Kong, Ted Hui, and his family who fled to Britain. At the time, more than 50 members of the Inter-Parliamentary Alliance in China wrote to Mr Tucker demanding an explanation. He refused to meet the group. Iain Duncan Smith, who led the initiative, said HSBC still Show less Read more
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