Advertisement
UK markets closed
  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     
  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     
  • AIM

    771.53
    +3.42 (+0.45%)
     
  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     
  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     
  • Bitcoin GBP

    50,206.78
    -179.34 (-0.36%)
     
  • CMC Crypto 200

    1,315.05
    +38.08 (+2.98%)
     
  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     
  • DOW

    38,675.68
    +450.02 (+1.18%)
     
  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     
  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     
  • DAX

    18,001.60
    +105.10 (+0.59%)
     
  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     

Aviva Investors 'uneasy' over HSBC, StanChart backing for Hong Kong security law

FILE PHOTO: Logos of HSBC and Standard Chartered banks are seen at their headquarters in Hong Kong

LONDON (Reuters) - Aviva Investors, a leading shareholder in both HSBC <HSBA.L> and Standard Chartered <STAN.L>, said on Tuesday it was "uneasy" about the companies' decision to back a new security law in Hong Kong.

Aviva Investors' Chief Investment Officer, Equities, David Cumming said both had done so without knowing the details of the law or how it will operate in practice.

"If companies make political statements, they must accept the corporate responsibilities that follow," Cumming said.

"Consequently, we expect both companies to confirm that they will also speak out publicly if there are any future abuses of democratic freedoms connected to this law."

Aviva Investors is a top-20 investor in both HSBC and Standard Chartered, data from Refinitiv shows.

(Reporting by Simon Jessop; editing by Carolyn Cohn)