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HSBC warns it could face reprisals in China if UK bans Huawei equipment -the Telegraph

Sat, 6th Jun 2020 23:05

June 6 (Reuters) - HSBC Holdings Plc Chairman Mark
Tucker has warned Britain against a ban on networking equipment
made by Huawei Technologies Co Ltd, claiming the bank could face
reprisals in China, the Telegraph reported on Saturday.

Tucker made the claim in private representations to British
Prime Minster Boris Johnson's advisers, the newspaper reported https://www.telegraph.co.uk/business/2020/06/06/hsbc-warns-downing-street-chinese-reprisals-huawei,
citing industry and political sources.

Britain designated Huawei a "high-risk vendor" in January,
capping its 5G involvement at 35% and excluding it from the
data-heavy core of the network. It is looking at the possibility
of phasing Huawei out of its 5G network completely by 2023,
according to officials.
(Reporting by Ismail Shakil in Bengaluru; Editing by Dan
Grebler)

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