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Aviva Investors’ Chief Investment Officer, Equities, David Cumming said both had done so without knowing the details of the law or how it will operate in practice.
“If companies make political statements, they must accept the corporate responsibilities that follow,” Cumming said.
“Consequently, we expect both companies to confirm that they will also speak out publicly if there are any future abuses of democratic freedoms connected to this law.”
Aviva Investors is a top-20 investor in both HSBC and Standard Chartered, data from Refinitiv shows.
