July 6, 2022

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MPs urge Wimbledon to cut ties with HSBC for failing to condemn China’s crackdown in Hong Kong

<div class="media_block"><img src="http://spygists.com/wp-content/uploads/2022/06/mps-urge-wimbledon-to-cut-ties-with-hsbc-for-failing-to-condemn-chinas-crackdown-in-hong-kong.jpg"></div>Wimbledon organisers were urged by MPs to drop HSBC as the tournament banking sponsor because of the London-listed bank's support for the oppressive security law in Hong Kong

MPs urge Wimbledon to cut ties with HSBC for failing to condemn China’s crackdown in Hong Kong

  • Hong Kong group calls on tournament to end ‘complicity in human rights abuses’
  • MPs: HSBC ‘profits from human rights abuses’ by backing draconian security law
  • HSBC is Wimbledon’s banking partner and sponsors tennis star Emma Raducanu
  • The bank publicly backed the legislation bringing region under tight Beijing rule 

Wimbledon must cut ties with HSBC as the tournament’s banking partner is ‘complicit in oppression and human rights abuses’, MPs urged today.

Members of the Commons All Party Parliamentary Group (APPG) on Hong Kong cited HSBC’s support for the draconian security law imposed on the region by China.

The London Stock Exchange-listed bank, which has £2.5trillion in assets across 64 countries, makes most of its money in Hong Kong.

Wimbledon (a full-house Centre Court pictured) lists HSBC as its official banking partner

Wimbledon (a full-house Centre Court pictured) lists HSBC as its official banking partner

The London-listed bank (Hong Kong HQ pictured) makes most of its money in the Chinese city

The London-listed bank (Hong Kong HQ pictured) makes most of its money in the Chinese city 

The MPs’ letter was addressed to Wimbledon chief executive Sally Bolton.

It stated: ‘This year, when 1st July is the 25th anniversary of the handover of Hong Kong to China, we must show Hongkongers that they are not alone, that those who support their oppression will not benefit from doing so’, The Telegraph reported.

‘The AELTC encapsulates some of the very best of Wimbledon’s values of integrity and respect,’ the letter added. 

HSBC recently unveiled a new sponsorship deal with British star Emma Raducanu, 19

HSBC recently unveiled a new sponsorship deal with British star Emma Raducanu, 19

‘To receive financial support from a bank which profits from human rights abuses is a stain on that exemplary reputation.’

HSBC cashpoints in Hong Kong were targeted by pro-democracy protesters after the bank spoke in favour of legislation to bring the self-governed city under Chinese control.

The controversial bill passed in 2021 after mass demonstrations allowed closed-room court cases.

Other contentious features include a new Chinese law enforcement agency in Hong Kong accountable only to Beijing. 

Chinese law also now takes priority over Hong Kong law where the two clash. 

Signatories of the MPs’ letter include Labour member for nearby Mitcham and Morden Siobhan McDonagh and ex-Green Party leader Baroness Bennett.

Wimbledon resisted calls to end its lucrative sponsorship deal with the bank after campaigners spoke out against its ties to the Hong Kong security law last year.

HSBC recently unveiled a new partnership with tennis champion Emma Raducanu.

  • An earlier version of this article repeated claims originally reported in the Telegraph that Sally Bolton had lobbied the All England Lawn Tennis Club (AELTC) to end their partnership with HSBC. We have been contacted by the AELTC who say that Ms Bolton has not replied to the letter which was sent to her by the Commons All Party Parliamentary Group on Hong Kong, and has not made her views on the partnership known. The article has been amended to reflect this, and we apologise for the error.

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