01:39 PM EDT, 05/09/2024 (MT Newswires) -- HSBC Holdings ( HSBC ) and Standard Chartered are among the banks urging UK Prime Minister Rishi Sunak and his government to ease proposed restrictions on doing business with China, Bloomberg reported.

More specifically, the banks are lobbying government officials to omit China from the strictest risk category within new British legislation that aims to boost transparency with respect to dealings with nations posing risks to national safety, Bloomberg reported, citing people familiar with the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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