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December 7, 2018

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China urges release of Huawei CFO

CHINA has lodged sol­emn representations with Canada and the United States, and demanded the immediate release of Meng Wanzhou, Huawei’s chief financial officer, who was detained by the Canadian authorities in Vancouver at the request of the US.

The US has sought her extradition to face un­specified charges in the Eastern District of New York.

Chinese foreign min­istry spokesman Geng Shuang told a daily news briefing yesterday that China has lodged solemn representations with the Canadian and US sides, urging the two countries to clarify the reason they detained Meng, immediately re­lease her and effectively protect her legitimate rights and interests.

Meng was provisionally detained by the Canadian authorities on behalf of the US, when she was transferring flights in Canada, Huawei said yesterday.

“The Chinese side firm­ly opposes and strongly protests over such kind of actions, which seriously harmed the human rights of the victim,” the Chi­nese embassy in Canada said, adding that Meng didn’t violate any Ameri­can or Canadian law.

The embassy has made solemn representations to Canada and the US, and urged them to “immedi­ately restore the personal freedom of Meng.”

Meng, who is the daugh­ter of Huawei’s founder Ren Zhengfei, serves as the company’s CFO and vice chairwoman.

Huawei said it is hoping for “a just conclusion.”

“The company has been provided very little in­formation regarding the charges and is not aware of any wrongdoings by Meng,” the company said in a statement, adding that it believes the Cana­dian and US legal systems will ultimately reach “a just conclusion.”

The statement also emphasized that Huawei complies with laws and regulations globally, in­cluding those set by the United Nations, the US and the European Union.

Meng joined Huawei in 1993 as a secretary when the company was just a startup.

She held several posi­tions including that of head of international ac­counting, CFO of Huawei Hong Kong and head of auditing of Huawei before being promoted as CFO and vice chairwoman of Huawei.

In 2003, Meng was as­signed the task to set up a globally unified finan­cial organization with standardized and unified organizational structure, financial processes, fi­nancial systems and IT platforms.

Since 2007, she was responsible for the eight-year Huawei Integrated Financial Services trans­formation with IBM, covering resource al­location, operational efficiency, process op­timization and internal control construction.

The new system is re­garded as a key part in Huawei’s rapid growth.

Huawei is expected to generate US$100 billion in revenue for the first time this year, compared with last year’s US$92.5 billion based on year-end exchange rates, thanks to 5G and cloud computing.

Huawei is now the world’s second-largest smartphone maker by market shares, ahead of Apple.


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