Hong Kong-listed shares of HSBC saw the biggest gain in nearly four months on Monday, following the release of a Chinese telecom giant’s CFO.
Huawei CFO Meng Wanzhou, daughter of the company’s founder, was accused in 2018 of lying to HSBC about Huawei’s control of another company during a 2013 presentation, putting the bank at risk of violating U.S. sanctions in Iran. Meng was then arrested by the Canadian authorities and facing extradition to the United States over fraud charges.
