HSBC Denies ‘Framing’ Huawei

The transcript discusses HSBC's involvement in the legal case against Huawei's CFO, Meng Wenzhou, who faces extradition to the US for allegedly violating sanctions on Iran. HSBC denies framing Huawei and claims it presented objective facts. The case has intensified US-China tensions, with the UK joining the US in banning Huawei from 5G networks. The transcript also highlights HSBC's support for China's national security law in Hong Kong, which has caused backlash. The US continues to push for Meng's extradition, while China criticizes the US and Canada, promising retribution. The situation remains a significant point of tension in US-China relations.

What is the main reason for the legal battle involving Meng Wenzhou?

• Alleged violation of US sanctions on Iran

• Tax evasion

• Money laundering

• Intellectual property theft

How has HSBC responded to allegations of framing Huawei?

• By admitting to fabricating evidence

• By denying any wrongdoing and claiming to present objective facts

• By remaining silent on the issue

• By apologizing to Huawei

Which countries have banned Huawei from developing their 5G networks?

• India and Japan

• UK and US

• Brazil and South Africa

• China and Russia

What has been a consequence of HSBC's support for China's national security law in Hong Kong?

• Increased profits in Hong Kong

• Angered some Hong Kong customers

• Improved relations with the US

• Expansion into new markets

What is the current stance of the US and China regarding the extradition case?

• Both are willing to negotiate

• The US is backing down, but China is not

• Both are refusing to back down

• China is backing down, but the US is not