English Subtitle Added: Here Is Why China Will Not Ban HSBC.

CA 4 English Subtitle Added: Here Is Why China Will Not Ban HSBC. 9,294 views •Feb 3, 2021 469 6 Share Save Difference Frames the World 7.71K subscribers This Is A Video Published Before With English Subtitles, As Requested By Some Viewers. The Original Video without English Subtitle will be removed after two weeks. https://youtu.be/BlNH-xQfE38​ 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. 78 Comments augustin tio Add a public comment... Difference Frames the World Pinned by Difference Frames the World Difference Frames the World 4 days ago This is a re-posted video, we just added English Subtitle to the video, and nothing changed. Old subscribers can skip this. We are putting English Subtitles to the videos we have right now, as a lot of viewers have difficulties to follow what was said in the videos, and for reposted videos, the title will begin as "English Subtitle Added", and in the description, we will mention they are published videos before. It took more than 10 hours to prepare one video, and another several hours to add subtitles, the workload is too heavy to be finished in one day. We will try to upload new videos every other day, and for new videos, they do not begin with "English Subtitle Added". Old videos will be deleted in two weeks. James T James T 6 days ago The stupidity of Canada Government for getting involved in this “political driven case” by playing along with the Trump Administration back then was truly beyond comprehension; absolutely crazy to piss-off the China Government. 30 Ed Ed 6 days ago (edited) Meng's case demonstrated how LOW an "US president" Trump administration willing to go just to suppress a Chinese tech company. Exposing its astounding "shameless" characters for whole world to see! And this guy had 75 millions of US supporters! Disgrace to the US!! 23 forjw2 google forjw2 google 6 days ago US to Huawei: can't beat them, ban it and make up accusations to arrest their CFO 13 Overseas Chin Overseas Chin 6 days ago US had been bullying countries and companies that were against them or overtook them in technologies. Japan and Toshiba were bullied in the 80s. Now they are trying to bully China as they did to Japan, forcing countries and companies to take sides. In these case, China will be forced to decouple and innovate their own chips to bypass USA. Without China's massy market, USA will be a third world country in no time. Go luck, Yankees. 11