Peter Wong (banker) explained

Peter Wong Tung-shun
Occupation:Group Managing Director, HSBC Group
Deputy Chairman and Chief Executive,The Hongkong and Shanghai Banking Corporation Limited [1]
Children:4
Spouse:Yan Junqi

Peter Wong Tung-shun, JP (born November 1951, in British Hong Kong) is a Hong Kong banker associated with the HSBC, StanChart and Citi. He retired as CEO of HSBC Asia-Pacific and became non-executive chairman of The Hongkong and Shanghai Banking Corporation, effective 7 June 2021.[2] He holds a BComm degree from the University of Calgary in Alberta, Canada, a master's degree in computer science and another master's degree in marketing and finance from Indiana University in the United States.[3]

He is one of the 124 members of Hong Kong's delegation to the Chinese People's Political Consultative Conference.

Biography

In 2020, in a highly symbolic act that ended the bank's previous political neutrality, Wong signed a public petition supporting the Chinese leadership's creation of a far-reaching national security law for Hong Kong. The move was understood as politically necessary to avoid punitive action against the bank by Beijing but drew widespread international and local Hong Kong criticism.[1] [5]

Notes and References

  1. https://www.scmp.com/business/banking-finance/article/3091718/china-has-hsbcs-taipan-vice-few-options-fall-line-security China has HSBC’s taipan in a vice with few options but to fall in line with the security law for Hong Kong in the bank’s biggest market
  2. Web site: HSBC . HSBC . HSBC appoints David Liao and Surendra Rosha as Co-Chief Executives for Asia Pacific . 13 February 2022 . https://web.archive.org/web/20220213014853/https://www.hsbc.com/news-and-media/media-releases/2021/hsbc-appoints-david-liao-and-surendra-rosha-as-co-chief-executives-for-asia-pacific . 13 February 2022 . 7 June 2021.
  3. https://archive.today/20120710100207/http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=8536948&symbol=HBC Peter Wong
  4. Web site: Peter Wong Tung-shun biodata.
  5. https://www.cnbc.com/2020/06/03/hsbcs-asia-chief-backs-china-security-law-for-hong-kong.html HSBC’s Asia chief backs China security law for Hong Kong