About This Source - CGTN
This story is an English language news item from CGTN. CGTN is a Chinese state-funded broadcaster.
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On August 22, 2013, Meng Wanzhou met with Alan Thomas, HSBC’s then deputy head of global banking for the Asia Pacific, in a restaurant in Hong Kong. During that meeting, Meng made a PowerPoint presentation about Huawei’s business links in Iran through a company called Skycom and Huawei’s efforts in compliance with U.S. sanctions. Some five years later, that presentation became the key evidence in a U.S. extradition case against her, alleging that she committed fraud against HSBC and other banks, exposing them to “both economic and reputational” risks.
Little is known about the details of this meeting between Meng and Thomas. CGTN journalist Liu Xin investigated the case to find out the truth behind it.
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In This Story: Hong Kong
Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.
Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.
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In This Story: HSBC
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In This Story: Iran
Iran is home to one of the world’s oldest civilizations, beginning with the formation of the Elamite kingdoms in the fourth millennium BC. The Iranian Revolution established the current Islamic Republic in 1979.
Iran’s political system combines elements of a presidential democracy and an Islamic theocracy. Iran is a founding member of the UN, ECO, OIC, and OPEC. It is a major regional and middle power and has large reserves of fossil fuels — including the world’s largest natural gas supply and the third largest proven oil reserves.
The country’s rich cultural legacy is reflected in part by its 22 UNESCO World Heritage Sites. Historically a multi-ethnic country, Iran remains a pluralistic society comprising numerous ethnic, linguistic, and religious groups, the largest being Persians, Azeris, Kurds, Mazandaranis and Lurs.
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In This Story: Pacific
The Pacific Ocean is the largest and deepest of Earth’s oceanic divisions. It extends from the Arctic Ocean in the north to the Southern Ocean in the south and is bounded by the continents of Asia and Australia in the west and the Americas in the east