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6/7/2020, 1:39 AM (Source: TeleTrader)
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HSBC warns UK's Huawei decision could affect it - report

HSBC Holdings plc could face difficulties in China if the United Kingdom bans Huawei Technologies Co. Ltd. from participating in its 5G network, the company CEO reportedly told the British government.

According to the Telegraph, the bank's chairman Mark Tucker warned British Prime Minister Boris Johnson's advisors against banning the Chinese tech giant, after reports London may revise its decision on letting Huawei participate in the construction of the network.

HSBC previously bought the remaining 50% stake in its life insurance joint venture in China.

Baha Breaking News (BBN) / MD