But it's fast becoming a liability as relationships between Beijing and the West continue to fracture. And if China follows through on veiled threats to rein in
broke its silence last week and denied the allegations. And while the bank in June signaled its support for a controversial national security law Beijing imposed on Hong Kong, Chinese media have criticized it for not backing the measure soon enough.Read MoreA compilation of headlines run by the Global Times, a Chinese state-owned media outlet that has repeatedly attacked
's shares in London and Hong Kong are both down more than 40% this year, lagging the broader market in each city. posts sharp fall in profits and warns of 'challenging' US-China tensionsBut when asked by analysts to elaborate, Quinn demurred."I'm not going to get into speculating on what actions may or may not be taken between respective governments. It's not my role to do that," he said."At the end of the day, I'm a banker, not an economist or a politician. But clearly, there are potential impacts on general economic confidence from any form of trade tensions.
would suffer an existential crisis." 's ventures had ended in"disaster," citing Brazil as an example, where the bank sold its operations in 2016.Even the Middle East, which may have to choose between East and West as China tightens grip on Hong KongAnother tactic would be to keep trimming its balance sheet to help offset losses.
michelletoh235
michelletoh235 HSBCrap, they're screwed.
michelletoh235 Karma!
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With eye on China, India looks to increase barriers on imports from AsiaNew Delhi is considering measures to prevent trade partners mainly in Southeast Asia from re-routing Chinese goods to India with little added value, two government sources said, amid strained ties with Beijing and a push for self-reliance. Say it with me everyone! CutAllTiesWithChina India is in Asia. Says the guy wearing a mask made in China...
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China will not accept U.S. 'theft' of TikTok: China DailyChina will not accept the 'theft' of a Chinese technology company and is able to respond to Washington's move to push ByteDance to sell short-video app TikTok's U.S. operations to Microsoft, the China Daily newspaper said on Tuesday. They really shouldn't steal from China. This is a disgrace and unprecedented. thats fine then just ban them and its over. Wow that is horrible
Source: Reuters - 🏆 2. / 97 Read more »
Breakingviews - HSBC is firing on just one shaky cylinder(Reuters Breakingviews) - HSBC Chief Executive Noel Quinn is making a decent stab of reviving the ailing $90 billion lender, but the ground keeps shifting beneath his feet. With low interest rates sapping revenue in every division aside from investment banking, cost cuts at the London-based bank will have to go much further than originally planned to get returns back up to a respectable level. Breakingviews LiamWardProud Influence of China .... take a site cas it is just beginning of a fall downhill Breakingviews LiamWardProud VishaalArora Breakingviews LiamWardProud HSBC names Kirsty Everett as Interim Compliance Chief Find More : $HSBA leadership interim Compliance investment Banking
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HSBC Profits Plummet 65% As Coronavirus Batters Europe’s Biggest BankI am a breaking news reporter for Forbes in London, covering Europe and the U.S. Previously I was a news reporter for HuffPost UK, the Press Association and a night reporter at the Guardian. I studied Social Anthropology at the London School of Economics, where I was a writer and editor for one of the university’s global affairs magazines, the London Globalist. That led me to Goldsmiths, University of London, where I completed my M.A. in Journalism. Got a story? Get in touch at isabel.togohforbes.com, or follow me on Twitter bissieness. I look forward to hearing from you.
Source: Forbes - 🏆 394. / 53 Read more »
China accuses US of 'outright bullying' over TikTokChina accused the United States on Tuesday of "bullying" over popular video app TikTok, after President Donald Trump ramped up pressure for its US operations to be sold to an American company. In the latest diplomatic spat between the world&39;s two biggest economies, Beijing hit back after And yet Yahoo portrays TickTock as a non-threatening in a T to your security in your home and even your business, who do you think Yahoo! News is in favor of China or America hahahaha...ah China you always do this. Someone's bullying China guys, let's....oh I can't do it, too damn funny who cares
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China saved the giant panda, but conservation efforts ignored other species says new studyChina has spent years working to save its iconic giant panda and has celebrated real success in recent years, but those efforts have failed to protect leopards and other large carnivores that share their habitats. Like humans? Yes we know.
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