In September 2021, the All-Party Parliamentary Group (APPG) on Hong Kong decided to undertake an inquiry into the actions of British banks operating in Hong Kong.

The inquiry will seek to ascertain whether British banks have contributed to the suppression by the Hong Kong government, its police and its justice system, of freedom of expression, movement and association and whether they have unjustly denied the access of some Hongkongers to their own funds.

It will also investigate whether the actions of banks been in line with their duties to protect human rights under the UN Guiding Principles on Business and Human Rights; and what the future impact the National Security Law will have on the future of banks in Hong Kong.