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Loss of HSBC │ Liang Zhenying advocates the government-people joint construction of "Hong Kong Bank" Cup GE HSBC: Don't buy if you have money

2020-04-06T07:03:35.050Z


HSBC Holdings said earlier that it had cancelled the payment of the fourth quarter of 2019 dividend in response to the written request issued by the Bank of England through the Prudential Regulatory Authority, and predicted that there would be no dividend or repurchase throughout 2020, which caused minor shareholders' dissatisfaction. Liang Zhenying, deputy chairman of the National Committee of the Chinese People's Political Consultative Conference and former chief executive, said on Facebook today (April 6) that HSBC made money in Hong Kong, but actually obeyed the British government, as if a person's heart was "exposed" by others, criticizing some British people for being Hong Kong People do n’t arrive. He suggested that Hong Kong officials and citizens jointly establish an international "Hong Kong bank" headquartered in Hong Kong. He also urged everyone to "don't buy if you have money" and to contend them in business.


Political situation

Written by: Lin Jian

2020-04-06 14:58

Date of last update: 2020-04-06 14:58

HSBC Holdings said earlier that it had cancelled the payment of the fourth quarter of 2019 dividend in response to the written request issued by the Bank of England through the Prudential Regulatory Authority, and predicted that there would be no dividend or repurchase throughout 2020, which caused minor shareholders' dissatisfaction.

Liang Zhenying, deputy chairman of the National Committee of the Chinese People's Political Consultative Conference and former chief executive, said on Facebook today (April 6) that HSBC made money in Hong Kong, but actually obeyed the British government, as if a person's heart was "exposed" by others, criticizing some British people for being Hong Kong People do n’t arrive. He suggested that Hong Kong officials and citizens jointly establish an international "Hong Kong bank" headquartered in Hong Kong. He also urged everyone to "don't buy if you have money" and to contend them in business.

HSBC earlier announced the cancellation of dividends, which disappointed retail investors. (Profile picture)

Do not believe HSBC's return to Hong Kong

In the text, Liang Zhenying likened, "If the economy is the human body, the financial market is the blood circulation system of the body, and the banking industry is the heart of the circulatory system. The heart cannot be exposed and cannot be controlled by outsiders. It is not a trivial matter if the heart is in trouble. Common sense, so is the bank. This is how I spent a few years as a non-executive director at DBS Bank in Singapore before becoming chief executive. "

He mentioned that HSBC ’s main profits are in Hong Kong, Mainland China and other Asian markets, but it is subject to the British government, and even promised dividends can be cancelled. At present, no Hong Kong people can sit in the London headquarters building as an executive, There is no executive director in Hong Kong. Liang Zhenying believes that this is due to the fact that some British people "did not get", "succeeded" and were taken as Hong Kong people.

Liang Zhenying recalled that HSBC had “researched” to relocate to Hong Kong five years ago. At that time, he questioned whether HSBC wanted to use Hong Kong to “cross the bridge” to protest the British government ’s bank tax arrangement. He said that as the Chief Executive at the time, he naturally welcomed the relevant suggestions, but if it was "false feelings", the conclusion after a round of research was that it would compare Hong Kong and stay in London, which was quite unfair to Hong Kong. Finally, the results of HSBC's "research" were also If so. He pointed out that some people now say that HSBC is moving back, believing that it is a means of hypocrisy and intention to divert attention from the non-dividend. Liang Zhenying said that he did not believe that HSBC would move back, because HSBC seniors in London would not be willing to move their homes to Hong Kong, and the British government would not let HSBC leave the UK: "There is absolutely no generous amount of us who come and go freely."

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Promote the original location of the General Post Office to build a real Hong Kong Bank

Liang Zhenying said: "Should we buy HSBC? Even with this money, don't buy it, because HSBC's senior executives in the UK are not currently working for us Chinese; Standard Chartered, for the same reason." He believes that the real way out is to use China's huge market, combined with Hong Kong's supervision and talents, with the post-epidemic economic revitalization as an entry point, an international bank with Hong Kong as its headquarters in Hong Kong government and people, and grants the right to issue banknotes. The Hong Kong Bank.

Liang Zhenying suggested that the Central Post Office and the adjacent open space can be directly granted to this bank without bidding, and the land price is part of the government's share capital. He pointed out that there have been suggestions in the past that Hong Kong wants to set up a government investment institution similar to a sovereign fund. This "Hong Kong bank" is a perfect place for all people. He mentioned that the major shareholder of DBS Bank is the sovereign fund of the Singaporean government, and Singapore has replaced Hong Kong as the world's freest economy. Hong Kong runs its own "Hong Kong Bank". Don't be afraid of foreigners talking about things.

He finally pointed out that HSBC ’s cancellation of dividends is useless for the shareholders of Hong Kong and the Mainland to quarrel and yell. It is also a matter of “fist is near and government is far away”. He thinks there are two things in front of him that he can do immediately Yue: One or two non-executive directors of Hong Kong people at HSBC resigned; two, Ge Gefeng in business in Hong Kong and the Mainland.

HSBC Bank HSBC Liang Zhenying

Source: hk1

All news articles on 2020-04-06

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