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Mike Pompeo renews attack on HSBC as bank walks line between US and China

Lender accused of bowing to Chinese pressure to block Hong Kong media executives from accessing accounts

US secretary of state Mike Pompeo has stepped up his attack on HSBC, accusing the UK lender of caving to Chinese pressure to block pro-democracy Hong Kong media executives from accessing their money while maintaining accounts for Chinese officials under US sanctions.

America’s top diplomat said on Wednesday he was “dismayed” that the Chinese Communist party’s “coercive bullying tactics against our friends in the United Kingdom continues”.

He said “free nations must ensure that corporate interests are not suborned by the CCP to aid its political repression”.

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