Should China Ban #HSBC for Betraying Meng Wanzhou #Huawei? 20201222

Should China Ban #HSBC for Betraying Meng Wanzhou #Huawei? 20201222 23,183 views •Dec 22, 2020 825 29 Share Save Difference Frames the World 4.98K subscribers You can find more videos on Meng Wanzhou's extradition case below: https://youtube.com/playlist?list=PL2... Recently, a lot of viewers ask us why China has not banned HSBC's business in China Mainland and Hong Kong, where most of HSBC's profits are from. Our answer to this question is that China will not stop HSBC from doing its business in China Mainland and Hong Kong. China will not ban HSBC, in a foreseeable future. we do not know whether HSBC will be removed from China's markets in the long run. the first reason is that HSBC is a European bank, and if China bans it, the US will be very happy, as that is exactly what the US wants China to do. China needs to build and maintain a good relationship, with European countries, when it faces the biggest uncertainty of the US. the second reason is that the collapse of HSBC will be a financial tsunami that China does not expect. in the first nine months of 2020, HSBC made a before-tax profit of 10.56 billion in Asia, among which 80 to 90% is from China-related business. If China bans HSBC, HSBC's Chinese clients will be put at stake. The funny thing is that in Europe, HSBC suffered a loss of around 3 billion dollars, due to the covid 19 pandemic supposedly. We do not know whether HSBC's western clients are more sensitive to the bank's integrity than their Chinese counterparts. Please note that we do not have data or reports to support our unrooted guess. the third reason is that, China's biggest financial group, Ping'An Group, is HSBC's biggest shareholder now. This group is controlled by its state-own shareholders and had a revenue of around 1.17 trillion RMB in 2019, an equivalent of 170 billion US dollars, accounting for more than 1% of China's total GDP that year. Banning HSBC will definitely affect Ping'an Group's performance. As we said before, when replying to viewers' comments, China will not ban HSBC, but HSBC needs to restructure its management team, the resignation of its former CEO, John Flint in August 2019, is a signal that HSBC is expressing its apology to China. For HSBC, it is more like brain surgery than dismemberment. HSBC's general manager, Miss Huang Bijuan, also left HSBC, on August 9th, 2019, 4 days after John Flint's resignation. To be honest, in Meng Wanzhou's case, HSBC is also a victim, to some extent. As for the closing of its nine branches in China, we believe the impact was overestimated. Not only HSBC and other foreign banks are reducing the number of their branches, Chinese banks are also moving their business online gradually, as the mobile banking apps have changed the way of banking dramatically in China. People in Canada and other western countries, can hardly believe that China is becoming, or has become, a cashless country, with a phone at hand, you can literally buy anything, with their prices ranging from 20 cents to twenty thousand dollars. Thank you very much for watching this video. if you like my video, please subscribe and share this video with people you know. We publish videos on a daily basis, and will also publish long videos on topics viewers are interested in once or twice a week. If you have anything want to share with us, please leave your comments below. 365 Comments augustin tio Add a public comment... Raymond Liu Pinned by Difference Frames the World Raymond Liu 1 month ago Really enjoy this logical contents! Love to see more of this! Will definitely watch whenever your new video comes out! 30 Bill Ng Bill Ng 4 weeks ago The world should see what true color of the western countries is. 52 babiumno babiumno 3 weeks ago I have closed ALL my accounts with HSBC! Vote with your feet! 15 MrCongdoan2 MrCongdoan2 4 weeks ago (edited) Listen, everybody is forgetting the obvious FACT-- there is NOTHING wrong with doing business with Iran. It was the United States that UNILATERALLY broke, walked away from the Nuclear Deal in place, and imposed sanctions on Iran when Iran was fully complying with all requirements of the Nuclear Deal. The United States cannot dictate who can do business with Iran when IT WAS THE COUNTRY THAT WENT ROGUE. 75 Yannik Yeung Yannik Yeung 1 month ago At least HSBC should exercise It's mighty financial power to rectify the mess that it was causing, and assist in anyway possible to Free Meng Wanzhou. Apologies are simply too convenient way being out of the situation. 42 Hock Lay Chan Hock Lay Chan 4 weeks ago The fact that this is done by US as a country. Ambrassing ! Sorry American just the government is too bad 👎 20 HAU HAU 1 month ago A very illuminating narrative. Well done. 27 commodityHelp commodityHelp 4 weeks ago Your analysis is very much objective and reflect the truth. 16 mincetoiletpaper mincetoiletpaper 4 weeks ago When Karma strikes back on HSBC. It was the Europe HSBC suffers. 7 D Cheezie D Cheezie 4 weeks ago It's always be obvious the anti china countries ganging up to slpw china down is what led to this. Another colonial type lies that will transcend down in history 17 KM Wong KM Wong 4 weeks ago US wants to reuse the Toshiba and Alstrom playbook (framing, accusing, prosecuting and get business units for free aka unreasonable price) but US failed to see that Huawei is not Toshiba or Alstrom. 23 Wally Boyce Wally Boyce 4 weeks ago As a Canadian I am appalled to find my country caught in the middle of this travesty. 36 dato yap dato yap 2 weeks ago HSBC from banned from doing business in China. Overseas Chinese should help to destroy HSBC for this kidnapping of an innocent business leader. 6 lincolnteh1963 lincolnteh1963 4 weeks ago Waiting for the right timing. 10 John Valentino John Valentino 3 weeks ago China first needs to start offloading HSBC shares and once that is done then destroy HSBC as an example for others. 3 David Lee David Lee 3 weeks ago Very well documented , as overseas Chinese and a lot of my friends we have move all our account from HSBC to other Bank. I have rest my case after hearing your comments on HSBC, they are also a victim of you know who. I am confident things will improve after the so call brains surgery. 4 William Tan William Tan 3 weeks ago (edited) All Chinese withdraw your money from HSBC and transfer the money to other friendly independent Banks 3 Angus Liu Angus Liu 3 weeks ago Thank you for speaking the truth 4 Frank Njamen Frank Njamen 3 weeks ago Very very good platform that give a different points of view of western ideology 4 Blake Newton Blake Newton 4 weeks ago Possibly the best thing for everyone will be that while Biden seems to talk tough, he is more nuanced. It will give time to de-couple our collective economies from their stranglehold. As a Canadian I have to say that the vast majority of US people are like people everywhere around the world. We all want to have a happy productive life, happy children and a worry free life. It's up to all of us. We can all do better. I hope that we try. 6 Tom Pra 3 weeks ago Great video 3 Cute and Funny Earthlings Cute and Funny Earthlings 4 weeks ago (edited) china should just boycott HSBC slowly quietly and smoothly overtime 9 Lazybones Lazybones 5 days ago China wont ban HSBC. but personally, I don't want to do anything with HSBC anymore. 1 W Lin W Lin 1 week ago HSBC betrayed all its coutomers and lost the most important quality as a banker: Trust! Alex Young Alex Young 4 weeks ago US is no more a great country. A great country never play dirty politics. 10 TB Seow TB Seow 1 month ago U dont have to ban them. Customers will know how to vote with their money and feet. Every big biz has some vulnerable points, if HSBC can do to Huawei, what about other smaller companies? 18 george jesson george jesson 4 weeks ago (edited) China and Huawei should remember their aggressors and forget them In the future. Just leave them behind. Asian HSBC customers needs to pull their money out and use other financial institutions.