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[HSBC Lost Interest] Calls on Small Shareholders Not to Believe HSBC's Relocation List Liang Zhenying: The Second Time in Five Years

2020-04-03T12:36:34.360Z


HSBC (0005) announced the suspension of dividends, causing market dissatisfaction, and many people voiced their support for small shareholders. Former Chief Executive Liang Zhenying, deputy chairman of the CPPCC National Committee, posted on Facebook criticizing HSBC's involvement in China and Hong Kong.


Financial news

Written by: Xu Shihao

2020-04-03 20:21

Last updated: 2020-04-03 20:22

HSBC (0005) announced the suspension of dividends, causing market dissatisfaction, and many people voiced their support for small shareholders. Former Chief Executive and Deputy Chairman of the National Committee of the Chinese People's Political Consultative Conference, Liang Zhenying, posted a Facebook comment criticizing HSBC's attitude toward issues involving China and Hong Kong. As for a high-level proposal, HSBC proposed to relocate to Hong Kong. The second time. "

He pointed out that he was not a shareholder, a client of HSBC, or a non-executive director of HSBC's competitors, but "to be fair to small shareholders and Hong Kong." He said that the largest banks in the world, large and small, are It is a domestic bank, not only a business consideration, but also a financial and national security consideration. Hong Kong after the reunification may be the only exception in the world.

He pointed out that since the Hong Kong-UK era, the management of the two major banks, HSBC and Standard Chartered, is British, and the financial exchanges between the Hong Kong-British government have always been tilted towards HSBC. Bank, "All these are facts that passers-by see."

Liang Zhenying criticized HSBC, saying that "the government has always been generous with HSBC." (Profile picture)

Means that China and the SAR have always been generous with HSBC

After the Mainland's reform and opening up, HSBC was determined to develop its mainland business in Hong Kong, but moved to the United Kingdom five years before Hong Kong's reunification. Liang Zhenying pointed out that China and the SAR government have always been generous to HSBC, and now HSBC's profits mainly come from Hong Kong and China, followed by other Asian markets. Dominating the market, but losing years in the West? Isn't it worthy of shareholder reflection and is it worthy of the Board of Directors to reflect? "

"Don't Believe that HSBC is moving back to Hong Kong"

He believes that in the eyes of HSBC, "only customers, only markets, no Chinese government, no Hong Kong SAR government, and no Chinese personnel worthy of training as global management talents", bluntly HSBC's board has no Hong Kong HSBC "All this is due. It is the" blessing "left over from the British rule."

Should HSBC be registered in the UK or Hong Kong? This time alone, HSBC's obedience to the British government's cancellation of dividends can clearly see. After the announcement of the cancellation of dividends, some people briefed that directors and senior executives had suggested that HSBC should move back to Hong Kong. Don't believe it. This is the second time in five years.

Liang Zhenying believes that HSBC had problems in its attitude in the current incident. (Profile picture)

HSBC makes a lot of money for Chinese people, but how does it take on the issue of "Meng Wanzhou Incident", "Spark Alliance" and "612 Fund" to borrow someone else's HSBC account, "Everyone drinks ice water in cold weather. I believe that there is no irreplaceable place for HSBC's business in China, including Hong Kong, and there is no need to continue to be the only financial center in the world dominated by the local banking industry by foreign-registered foreign banks.

[HSBC loses interest rate] Member of the Legislative Council, Zhang Huafeng, writes to the Treasury and asks to speak to the Bank of England

[HSBC loses interest rate] Minority shareholder group alliance defends more than 1,000 people in response to HSBC's sorry for canceling dividends

HSBC loses interest and provokes controversy, experts analyze benefits: shortening strategic distance is good for Asian business

Liang Zhenying HSBC Du Jiaqi

Source: hk1

All news articles on 2020-04-03

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