Hong Kong: Arrests

Lord Purvis of Tweed Excerpts

Thursday 12th May 2022 Lords Chamber

[Lord Purvis of Tweed (LD)]

My Lords, I agree with the Minister when he says that this is unacceptable and I support the three measures, but while these gross breaches of human rights are being carried out, the UK is actively promoting financial direct investment from Hong Kong authorities into the UK and UK investment into Hong Kong. Investment from the UK to Hong Kong has gone up by 8.6% and from Hong Kong to the United Kingdom by 31%. I have been trying to pursue this with the Government. Are there any triggering mechanisms on human rights abuses that the Government would act on to close market access for Chinese investment into the UK? We are not acting strongly enough.

[Lord Goldsmith of Richmond Park (Con)]

My Lords, the Government monitor the operation and functioning of the financial sector and its participants on a regular and ongoing basis, across a wide range of matters. Fundamentally, it is for businesses themselves to make their own judgment calls and the Government do not comment on issues relating to individual companies. The sentiments and the message of the noble Lord will have been heard by colleagues in the Foreign Office.