13 Dec: UK Telegraph: Senior staff at HSBC, Standard Chartered and Deutsche Bank are Chinese Communist Party members
The disclosures raise major questions about the independence of major institutions that operate in China
By Ben Gartside, Jack Hazlewood and Juliet Samuel
Hundreds of senior employees at British banks HSBC and Standard Chartered have been members of the Chinese Communist Party, according to documents seen by The Telegraph.
The lists show that at least 335 HSBC employees were CCP members. Current members include the senior vice-president of HSBC China, the president of HSBC’s Shenzhen office and the deputy manager of Hong Kong corporate and consumer products are listed as members.
Standard Chartered has employed at least 290 CCP members. Among active members who have pledged an oath of loyalty to the country’s ruling party are the deputy president of the bank’s Chinese subsidiary, head of investment management and head of business banking...
HSBC in particular has struggled to navigate the conflict between being headquartered in the UK but relying on China and Hong Kong, which has imposed a new security law to crack down on protestors, for most of its profits...
Further questions are also set to be posed about Huawei’s supply chain, as the company’s sole American manufacturer Qualcomm are revealed to employ hundreds of party members including some in senior positions...
US Secretary of State Mike Pompeo claimed the Chinese state had “bullied” HSBC into blocking accounts of pro-democracy supporters in August.Earlier this month, HSBC froze the account of exiled pro-democracy activist Ted Hui, which sparked further criticism from activists.
HSBC and Standard Chartered have both announced their public support for Hong Kong’s national security law, alongside Standard Chartered.
Dong Shuyin, deputy president of Standard Chartered in China, has won awards within the CCP, including “Excellent Communist Party Member in Shanghai”. Mr Dong met with Chinese President Xi Jinping during a visit in 2019, where the two discussed the growth of the party.
Mr Dong had described the CCP as an “indispensable part of [Standard Chartered’s] development in China”.
Two senior Deutsche Bank managers were also listed as party members. JP Morgan Chase also has party members in senior positions within their organisation, including an executive director who joined from HSBC...
Deutsche Bank, Standard Chartered and HSBC declined to comment. JP Morgan Chase, Qualcomm and Wolves FC did not respond to a request for comment.
https://www.telegraph.co.uk/business/2020/12/13/senior-staff-hsbc-standard-chartered-deutsche-bank-ccp-members/
15 Dec: Daily Mail: Leaked files expose mass infiltration of UK firms by Chinese Communist Party including AstraZeneca, Rolls Royce, HSBC and Jaguar Land Rover
•Loyal members of Chinese Communist Party are working in British consulates, universities and for some of the UK’s leading companies, The Mail on Sunday can reveal
•Leaked database of 1.95m registered party members reveals how Beijing’s malign influence now stretches into almost every corner of British life, including defence firms, banks and pharmaceutical giants
•Some members, who swear oath to ‘guard Party secrets, be loyal to the Party, work hard, fight for communism throughout my life...and never betray the Party’, are understood to have jobs in British consulates
By Jake Ryan and Jonathan Bucks and Holly Bancroft
https://www.dailymail.co.uk/news/article-9046783/Leaked-files-expose-mass-infiltration-UK-firms-Chinese-Communist-Party.html