Commentary After aligning with the Chinese Communist Party (CCP), there’s no turning back. Having faced criticism in the UK and the United States for endorsing the national security law forced upon Hong Kong by the CCP, global banking giant HSBC is now doubling down on China and the Asian market. The London-based international bank announced during its fourth-quarter earnings call on Feb. 23 that it would accelerate its “pivot to Asia” by retrenching its retail presence in the United States and investing billions in growing its footprint across Asia, including mainland China, Hong Kong, Singapore, and India. Peter Wong, the group’s chief executive in Asia Pacific region, outlined a $6 billion investment in Asia over the next five years, with a focus on growing its wealth management and international wholesale business. The bank emphasized Hong Kong, mainland China, India, and Singapore as key drivers of future growth, according to a …