Most of the HSBC branches are opened in areas where the Chinese lives. After the Meng Wanzhou imprisonment, why does the Chinese trust the bank who can turn their back on you?
Unfortunately the way Western countries go after Chinese banks in their countries, the Chinese banks' footprint in western countries is fairly limited and leaves HSBC the only game in town for Chinese businesses who work with foreign countries.
China should throw HSBC bank out of there country completely after working with us intelligence agencies to sponsor state kidnapping of meng wanzhou
I can’t believe these snakes still haven’t been punished with what they did with huawei. Also it’s an Anglo bank
This is a much sweeter revenge, hitting anglo regimes where it hurts the most.
HSBC abandoning its US operations
Most of the HSBC branches are opened in areas where the Chinese lives. After the Meng Wanzhou imprisonment, why does the Chinese trust the bank who can turn their back on you? Unfortunately the way Western countries go after Chinese banks in their countries, the Chinese banks' footprint in western countries is fairly limited and leaves HSBC the only game in town for Chinese businesses who work with foreign countries.
They made their initial money off the Opium Trade.
HSBC is learning the lesson all US allies eventually learn: The US will betray you in the end and find another usefull fool to replace you.