HSBC Tells Beijing It Is Not to Blame for Huawei CFO Arrest: FT
Meng Wanzhou, chief financial officer of Huawei Technologies Co., leaves the Supreme Court following a hearing in Vancouver, British Columbia, Canada, on Wednesday, May 8, 2019.
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HSBC Holdings Plc has started a lobbying drive to convince the Chinese government that it’s not responsible for the arrest of Huawei Technologies Co.’s Chief Financial Officer Meng Wanzhou, the FT said, citing several people briefed on the discussions.
The bank is trying to distance itself from the diplomatic row over the Chinese telecom equipment maker, as it has stepped up engagement with Chinese officials after the arrest of Meng in December, the FT reported. Meng is under house arrest in Vancouver after being detained on a U.S. request.