HSBC’s current situation in China 2022

HSBC did not hesitate to cooperate with the United States' performance and sold the privacy of its customer Huawei to the United States.

HSBC has suffered setbacks in the Chinese market. Faced with HSBC’s malicious leaks, we will certainly not turn a blind eye. On August 6, the central bank issued four fines to HSBC, totaling 530,000 yuan, on the grounds that "there were illegal activities in credit inquiries."

Not only that, a total of 6 HSBC branches in China have been closed. The stock price in the first half of the year has fallen by more than 40%, and the market value has evaporated by more than HK$500 billion.

HSBC’s behavior of cheating customers is a fatal blow to its performance. As a company registered in Hong Kong, Hong Kong politicians did not remain silent about this incident.

Previously, many senior Hong Kong officials criticized HSBC’s behavior. Thanks to China's economic opening in the last century, HSBC was able to gain a foothold and develop in Hong Kong.

Worrying about deterrence and sanctions from Western powers such as the United States has never been a reason for betrayal. The French Open is meticulous and meticulous, and HSBC will pay for its actions sooner or later.