HSBC lost interest | The Federation of Trade Unions and the minority shareholder's general manager protested against the epidemic and hit the purse to urge the Hong Kong government to investigate

Political situation

Author: Zhai Ruimin

2020-04-08 12:58

HSBC Holdings (0005) announced the cancellation of the fourth quarter of last year ’s dividend, which caused dissatisfaction among minority shareholders. Lu Songxiong, a member of the Legislative Council of the Hong Kong Federation of Trade Unions, and Deng Jiabiao, the director general of the New Territories East Office, today (8th) jointly with the affected small shareholders Shareholders petitioned outside the government headquarters.

Lu Songxiong described HSBC as "a half-central bank". The Hong Kong government has always entrusted a lot of business to HSBC to deal with, which has brought huge profits. HSBC should not be in the "critical period of the epidemic."

HSBC's suspension of dividends has caused controversy. (Profile picture)

Deng Jiabiao said that because the government banned groups of more than 4 people from gathering, only 2 small shareholders came together. The Federation of Trade Unions asked the Hong Kong government to intervene in HSBC ’s refusal to pay dividends, including assisting the public to count losses and reviewing the relationship between the Hong Kong government ’s financial institutions and HSBC. He described HSBC's unique status in Hong Kong. As the bank that issues the most banknotes, it has a certain social status role. It is also a choice for many small citizens to retire and social welfare organizations. The non-dividend payout has a major impact on the entire society.

Deng Jiabiao pointed out that according to the financial report issued by HSBC in February, Hong Kong increased by 5% in the event of a decline in European and American profits, and nearly half of HSBC ’s profits came from Hong Kong. The request of the Bank of England directly affected the decision of HSBC. Regardless of. Deng Jiabiao asked the Hong Kong government to tell HSBC not to pay dividends to the coffers, provident funds, pensions, etc. and the total amount of government-related losses, and to intervene in the investigation and pressure.

[HSBC Loss of Interest] Minor Shareholders Group Alliance Rights Protection Over 1,000 People Respond to HSBC Sorry for Canceling Dividend

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

Lu Songxiong expressed the strongest protest against HSBC's decision, criticizing HSBC for causing many small investors to "lost their financial and interest", also known as Hong Kong instead of the British colony, can no longer allow British funds to be taken and carried. Find your own number "instead of" beating our wallets during critical periods of the epidemic. "

HSBC Industrial and Commercial Union HSBC Lu Songxiong Deng Jiabiao New Coronary Pneumonia