Hongkongers wait for a tram in front of a HSBC advertisement in Central on September 28. Photo: Nora Tam Hongkongers wait for a tram in front of a HSBC advertisement in Central on September 28. Photo: Nora Tam
Hongkongers wait for a tram in front of a HSBC advertisement in Central on September 28. Photo: Nora Tam
Albert Cheng
Opinion

Opinion

Albert Cheng

Beijing’s attack on HSBC is a blow to Hongkongers, but all is not lost

  • In addition to regulatory hurdles and, more recently, the pandemic, HSBC has been caught up in the US-China tussle. Rumours that the bank may be placed on China’s ‘unreliable entity list’ have done the bank’s stock and its many local investors no favours
  • HSBC can turn the tide by moving its headquarters to Hong Kong, shaving off non-performing assets and focusing on Asia-Pacific

Hongkongers wait for a tram in front of a HSBC advertisement in Central on September 28. Photo: Nora Tam Hongkongers wait for a tram in front of a HSBC advertisement in Central on September 28. Photo: Nora Tam
Hongkongers wait for a tram in front of a HSBC advertisement in Central on September 28. Photo: Nora Tam
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