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US Lawmakers Slam Bank Executives' Trip to Hong Kong

US Lawmakers Slam Bank Executives' Trip to Hong Kong

by Starling Insights

Starling Insights Editorial Board

Nov 11, 2022

Observations

US lawmakers recently criticized bank executives for attending the Global Financial Leaders’ Investment Summit in Hong Kong. While Citigroup's Jane Fraser pulled out after testing positive for Covid, Goldman Sachs' David Solomon, Blackstone's Jonathan Gray, Morgan Stanley's James Gorman, and many others made the trip.

The business leaders were rebuked for “rubbing shoulders” with alleged terrorists and other individuals on the US sanctions list. “Their presence only served to legitimize the swift dismantling of Hong Kong’s autonomy, free press, and the rule of law by Hong Kong authorities acting along with the Chinese Communist Party,” the lawmakers said.

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