Dec. 19 2024
Source Page: Project Finance Adviser appointedFound: major projects in utilities, energy and infrastructure, including as Global Head of Infrastructure at HSBC
Written Evidence Mar. 25 2025
Inquiry: Female entrepreneurshipFound: lend to them today, compared to 57% of men.5 Meanwhile, a survey conducted by YouGov on behalf of HSBC
Aug. 28 2024
Source Page: Letter dated 21/08/2024 from Lord Livermore to Baroness Kramer regarding issues raised during the Second Reading of the Bank Resolution (Recapitalisation) Bill: the previous government’s management of the failure of Silicon Valley Bank (SVB) UK and the impact of this on the ring-fencing regime. 2p.Found: following the failure of SVB UK the previous government took action t o help facilitate its purchase by HSBC
Mentions:
1: Lord Livermore (Lab - Life peer) England used its powers under the Banking Act to facilitate the sale of Silicon Valley Bank UK to HSBC - Speech Link
2: Lord Vaux of Harrowden (XB - Excepted Hereditary) SVB was then rapidly transferred to HSBC for £1—a good result all round, I think. - Speech Link
3: Baroness Kramer (LD - Life peer) As the noble Lord, Lord Vaux, said, HSBC buying it for £1 was a real giveaway. - Speech Link
Mentions:
1: Iain Duncan Smith (Con - Chingford and Woodford Green) freezing of all pension savings of those in the UK who fled Hong Kong, which was, outrageously, done by HSBC - Speech Link
Oral Evidence Oct. 29 2024
Inquiry: Scaling up - AI and creative techFound: HSBC Innovation Banking, Balderton Capital, Scale Space, and Wayve Oral Evidence
Asked by: Blair McDougall (Labour - East Renfrewshire)
Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, if he will issue guidance to (a) HSBC and (b) Standard Chartered on ensuring that British National (Overseas) passports are valid documents for Hong Kongers to use to secure early withdrawals of their Mandatory Provident Fund savings after permanently leaving Hong Kong.
Answered by Catherine West - Parliamentary Under-Secretary (Foreign, Commonwealth and Development Office)
We are aware of the concerning reports that individuals who have chosen to take up the BN(O) visa route are having difficulties in the early drawing down of their Hong Kong MPF savings. We deeply value the UK's growing Hong Kong community and will address their concerns where we can. Whilst documentary requirements for withdrawing funds are a matter for the Hong Kong authorities, officials continue to raise this issue directly with the Hong Kong Government to encourage a pragmatic solution, and UK officials and Ministers continue to discuss the matter with the banks.
Feb. 19 2025
Source Page: Forecasts for the UK economy: February 2025Found: 0.2 0.8 2.9 0.4 -1.4 1.6 -1.7 1.2 -0.9 - Citigroup Nov 1.0 0.1 - 0.6 6.7 2.0 1.8 3.2 2.1 6.2 -1.4 - HSBC
Found: following the failure of SVB UK the previous government took action t o help facilitate its purchase by HSBC
Asked by: Blair McDougall (Labour - East Renfrewshire)
Question to the Home Office:
To ask the Secretary of State for the Home Department, if she will hold discussions with HSBC on steps to help people with British National (Overseas) visas access HSBC pensions managed in Hong Kong.
Answered by Seema Malhotra - Parliamentary Under-Secretary of State (Department for Education) (Equalities)
This Government is deeply committed to supporting members of the Hong Kong community who have relocated to the UK.
We are aware that individuals who have chosen to take up the British National (Overseas) (BN(O)) visa route are having difficulties in drawing down early their pensions held in the Hong Kong Mandatory Provident Fund (MPF).
Whilst documentary requirements for withdrawing funds early are a matter for the Hong Kong authorities, the Foreign, Commonwealth and Development Office has raised this issue directly with the Hong Kong Special Administrative Region Government and the Hong Kong MPF Schemes Authority. They have urged them to facilitate early draw down of funds as is the case for other Hong Kong residents who move overseas permanently and have made clear that any discrimination against BN(O)s is unacceptable.