Banks back China’s new Hong Kong security law

World Business Report - Podcast tekijän mukaan BBC World Service

HSBC and Standard Chartered banks have backed China’s new security laws for Hong Kong. The BBC’s Andrew Wood in Hong Kong tells us why the banks have made the move, given opponents say the new law will drastically curtail the territory’s freedoms. And we get wider perspective from Ka-Wing Kwok, chairman of the Hong Kong Finance General Employee Union, which represents bank workers in the territory. Also in the programme, many big American companies have expressed support for the demonstrations which followed the death of George Floyd after his arrest in Minnesota. The BBC’s Michelle Fleury reports on accusations of hypocrisy levelled against some of the firms, because of how few black people they employ in senior positions. Plus, we have an in-depth report from the BBC’s Rahul Tandon on the challenges faced by India’s Bollywood movie sector, in recovering from estimated losses of $400m from the coronavirus crisis.

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