HSBC has denied “setting traps to ensnare” Huawei after the bank was dragged into the clash between Washington and Beijing over the global expansion of the Chinese telecommunications group.
In the British-headquartered bank’s first public comments on the controversy, it rejected allegations in Chinese media on Saturday that it tried to entrap Huawei in the act of breaking US sanctions, and that it had presented US authorities with misleading information.
The US has labelled Huawei a national security threat with close links to the Chinese military and has sought to stop the company from building 5G networks around the world.
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