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HSBC Pulling Back from Europe


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23 hours ago, Locke said:

Wow, I didn't even know about these problems

Not sure about using only Hong Kong as an analysis point. Its the Hk and Shanghai Banking Corp. What you would regard as HSBC is a holding company owned and headquartered in the UK and listed on 5 separate stock exchanges including the UK and Hong Kong. 

Comparing the overall global balance sheet to just Hong Kong and coming up with a number like 850% of GDP doesn't seem to make much sense. 

HSBC Hong Kong (in 2017) has assets of £1tn USD vs HK GDP OF £340Mn USD in the same year so on that basis the actual Hong Kong Bank isn't great but still less than half the figures given. 

I suppose the real question is, for such a complex business, which country would feel compelled to act if something happened to the bank. What would the HK govt do if the holding company in the UK went bust, Would the UK govt let HSBC Hong Kong go bust, would the HK govt do something, or would China try and leverage themselves into the situation, ostensibly 'bail out' the Hong Kong govt, hold it up as a failure of capitalism and try to merge it into China. 

Edited by regprentice
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  • 417 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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