Hong Kong petition for same-sex spousal visas finds few signatories among banks
Opening a can of worms regarding court cases, flood of future such petitions, and not wanting to be anti-government among reasons cited
A petition letter urging the government to amend Hong Kong's immigration policy to recognise spousal visas for same-sex couples has found few signatories among Goldman Sachs, HSBC, JPMorgan and nine other investment banks, despite having garnered 1,414 signatures from the public.
Sources familiar with Goldman Sachs’ decision said it declined to sign the petition letter over fears of setting a precedent that would see individual court cases being influenced, and opening the door to a flood of other future petition campaigns.
Fern Ngai, chief executive of Community Business, the non-profit group behind the campaign, said: “The petition, which was set up last year, is open to the public and we encouraged everyone to sign. In terms of why so few banks signed, it could be attributed to a number of factors including having to go through internal legal and compliance approval processes, or that an online public petition may not be an appropriate channel for advocating for change, for example, in government policies or for LGBT rights. Not signing the petition does not necessarily indicate lack of support.”
Community Business asked the banks to support the petition because the same banks last year had lobbied for and received awards from the non-profit group endorsing them as the city’s top employers supporting lesbian, gay, bisexual and transgender (LGBT) inclusiveness in the workplace.
Other banks that were named top LGBT employers last year, but which hadn't signed the new petition, included Morgan Stanley, Bank of America Merrill Lynch, Standard Chartered, Barclays Capital, Nomura, ANZ, UBS and Credit Suisse.
