The furor surrounding comments by a top UBS Group AG’s official about a “Chinese pig” intensified, with a group of financial institutions in Hong Kong urging the bank to fire all people involved in the incident and show greater remorse.
Staff members in protective gowns walk inside the Sheung Shui slaughterhouse in Hong Kong. Authorities have culled thousands of pigs from mainland China after African swine fever was detected in an animal at a slaughterhouse close to the border with China.
Screen grabs of the report also circulated on chat groups. Some users posted a link to a UBS web page for filing complaints. State-run Global Times tweeted, “UBS chief global economist Paul Donovan used distasteful and racist language to analyze China’s inflation in a recent UBS report.” Last year, Dolce & Gabbana postponed a runway show in Shanghai after a series of videos featuring a Chinese model awkwardly attempting to eat cannoli, pizza and other Italian foods with chopsticks caused outrage. Messages by co-founder Stefano Gabbana insulting Chinese people and defending the video provoked a social media firestorm.
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