Aviva Investors 'uneasy' over HSBC, StanChart backing for Hong Kong security law
Reuters
Published Jun 09, 2020 10:48AM ET
LONDON (Reuters) - Aviva (LON:AV) Investors, a leading shareholder in both HSBC (L:HSBA) and Standard Chartered (L:STAN), 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.
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Written By: Reuters
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