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Federated Hermes questions HSBC's stance on Hong Kong law

Tue, 30th Jun 2020 09:15

LONDON, June 30 (Reuters) - HSBC investor Federated
Hermes said it has questions about the bank's support for
China's new security law for Hong Kong, the second investor in
Europe's biggest bank in recent weeks to voice concerns about
the lender's stance.

"We expect companies to support improvements in protections
for citizens and not back their removal," Roland Bosch, lead
engager for financial services at Federated Hermes's stewardship
and engagement team, said.

The new law could have an adverse impact on human rights, he
said.

Aviva Investors, another leading HSBC shareholder, said
earlier this month it was uneasy about the bank's show of public
support for the law.
(Reporting By Lawrence White; Editing by Tom Arnold)

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