Are Hong Kong bankers clearing a path f…

Environmental protesters are charging that HSBC and Credit Suisse have violated their own forest sector guidelines in cooperating in the public listing of a Malaysian logging giant with a record for environmental despoliation. Samling Global Ltd has long been criticized for the destruction of tropical rainforest across the world and in fact early this year lost its only Forest Stewardship Council (FSC) certification less than a year after it was issued. It began trading on the Hong Kong Stock Exchange on March 7 at a 15 percent premium to its IPO price, giving it market capitalization of US$1.2 billion.

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