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RBS urged to monitor Chinese link RBS urged to monitor Chinese link
(40 minutes later)
Amnesty International has called on the Royal Bank of Scotland (RBS) to monitor its investment in the Bank of China more closely.Amnesty International has called on the Royal Bank of Scotland (RBS) to monitor its investment in the Bank of China more closely.
The human rights group said RBS should be making sure working conditions and pollution in firms funded by the Bank of China were improving. The human rights group said RBS should be making sure working conditions and pollution in firms funded by the Bank of China have improved.
The RBS said it was working with its partners in China to improve environmental and working conditions.The RBS said it was working with its partners in China to improve environmental and working conditions.
RBS bought a 5% stake in the Bank of China two years ago for $1.6bn.RBS bought a 5% stake in the Bank of China two years ago for $1.6bn.
The Edinburgh-based bank said "engagement" with China was the right way forward.The Edinburgh-based bank said "engagement" with China was the right way forward.
But Amnesty International said it should also be watching how the money is used in China. However, Amnesty International said it should also be watching how the money has been used in China.
John Watson, director of Amnesty in Scotland, said RBS should be monitoring its investments to check they are not encouraging slave labour or environmental pollution. John Watson, director of Amnesty in Scotland, said RBS should be monitoring its investments to check it has not been encouraging slave labour or environmental pollution.
Amnesty International has brought out two reports in the run up to next year's Olympic Games in China which highlight the poor working conditions of migrant workers and abuses of human rights. Amnesty International has brought out two reports in the run-up to next year's Olympic Games in China which highlight the poor working conditions of migrant workers and abuses of human rights.