Hundreds of senior employees at British banks HSBC and Standard Chartered have been members of the Chinese Communist Party, according to documents seen by the Daily Telegraph.
OK. They’re banks that work in China. And Hong Kong. We’d expect some number of the employees to be members of the local ruling party.
The revelation is likely to heap further pressure on the lenders,
Sure, the Communist Party contains some who actually are communists but where it’s the ruling party membership is often rather like Rotary. That’s just what ambitious youngsters join.