Citic Joins Chinese State Firms Boycotting Cathay Pacific
- Huarong, China Resources also told staff to avoid carrier
- Cathay has emerged as big target for Beijing during protests
This article is for subscribers only.
Another Chinese state-run company told employees to avoid taking Cathay Pacific Airways Ltd. flights, adding to the pressure on Hong Kong’s dominant carrier after its workers took part in anti-Beijing protests.
China Citic Bank International Ltd., a Hong Kong-based unit of the nation’s largest state-run conglomerate, sent a message to staff on Wednesday, saying that “no employee shall travel by flights operated by Cathay Pacific Group” for business purposes with immediate effect, according to a copy of the memo seen by Bloomberg. A representative for the bank in Hong Kong confirmed the authenticity of the directive and said it was sent to ensure travel safety.