Speaking at an event in London, Standard Chartered's boss said the protests 'have had no effect' on its aim to debut an online lender.
from pursuing its ambitions to launch a virtual bank in the city, CEO Bill Winters said on Monday.
The British multi-national, which has a significant presence in emerging markets, is part of a joint venture that wasSpeaking at an event in London, StanChart's boss said the protests "have had no effect" on its aim to debut an online lender. "The protests are concerning for all sorts of reasons," Winters said. "But we've got a dedicated team, nobody's had any trouble getting into work in the morning."from Reuters said that most of the eight newly-licensed banking ventures in Hong Kong — including StanChart's — were expected to delay their virtual bank launches due to the ongoing protests., that called for a peaceful end to the standoff between the city's government and protesters.
The bank came out in support of Hong Kong's government and the "one country, two systems" principle that has afforded the special administrative region freedoms that are not available in the mainland. The protests, which recently extended into their fourth month, were triggered earlier in the year by a proposed bill that would have paved the way for people in Hong Kong to be extradited to mainland China for trial.that the bill would be "fully withdrawn." Throwing out the proposed legislation was one of five demands from protesters in the city-state.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong braces for airport protest after night of violent clashesHong Kong announced new curbs on rail travel on Sunday ahead of the latest in a ...
Read more »
Hong Kong's 'Lennon Walls': The art of protestMore than 75 mosaics of comprised of posters, flyers and Post-it notes have sprung up across public spaces in Hong Kong, reiterating protesters' calls for democracy and denouncing China's efforts to bring the former British colony to heel.
Read more »
Hong Kong readies for more protests after night of clashesHong Kong braces for another day of protest after a night of violent clashes in which the police used tear gas and 40mm rubber rounds against protesters who threw gasoline bombs toward them and set fires in streets
Read more »
Hong Kong riot police curb airport protest after clashesHong Kong riot police took up position at the main rail station serving the airp...
Read more »
Hong Kong riot police move to curb airport protest after violent clashesHong Kong riot police took up position at the main rail station serving the airp...
Read more »