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HSBC's bow to China stirs up internal anxiety and patience

Hong Kong employees show frustration over support of new national security law

HSBC's headquarters in Hong Kong. The bank's backing of China's new security laws for Hong Kong has hit a raw nerve in the city over the mainland's creeping control, but it has also elicited a sense of understanding among employees.   © Reuters

HONG KONG -- One evening earlier this month, an HSBC retail banking executive in Hong Kong was startled to see news alerts on his phone saying that his company was supporting China's new national security laws for the territory.

U.K.-based HSBC Holdings, which has much of its operations in Asia, had avoided choosing sides when Hong Kong was in the midst of violent anti-government protests. But things had changed.

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