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"Looking back on the past three years, I understand more clearly that the fate of individuals, enterprises and countries are connected by ten fingers, and the motherland is our strongest backing. Meng Wanzhou's voice was firm and powerful, due to the epidemic, there was no handshake or hug at the scene, but people heard the deepest emotions from Meng Wanzhou's slightly trembling and slightly choked voice, "Motherland, I'm back!"
On September 25, 2021, after more than 1,000 days of house arrest, Meng Wanzhou finally returned to her motherland.
In addition to being happy and moved, the Chinese people also hated the initiators of this incident even more.
At this point, we have to mention one name - HSBC, which was born in China for 150 years and has amassed huge wealth, but it has treacherously backstabbed China several times, including the Meng Wanzhou incident, in which it played an important role.
However, the way of heaven is good reincarnation, and good and evil will eventually be rewarded, and the current HSBC is reaping the consequences......
Harming others will not end in harm
Let's turn our attention to 2018, when Huawei's chief financial officer, Meng Wanzhou, was detained by Canadian police at Vancouver Airport and subsequently extradited to the United States, all because of alleged commercial fraud allegations.
As we all know, the purpose of the United States is to prevent the continued development of Huawei, so as not to threaten its own position, and the occurrence of this incident can no longer be simply said to be a contest between a Chinese company and a foreign market, and can even be said to be a game between China and the United States.
In order to make the arrest of Meng Wanzhou appear justified and not criticized by the international community, the United States actually came up with so-called "evidence".
This evidence suggests that Huawei stores a large amount of important data at HSBC, which increases the risk of leakage. At the same time, they pointed out that Huawei's secrecy about its cooperation with Iran had led to HSBC's "fraud", and judged Meng Wanzhou's behavior as "fraud".
And this so-called evidence is provided by HSBC, which is also the name of HSBC's defection to the United States.
You know, the two sides have been partners for more than 20 years at that time. However, in order to please the United States, HSBC did not hesitate to abandon this huge customer and leak its own business secrets, which directly led to Meng Wanzhou being placed under house arrest for 3 years.
This incident has caused great indignation among the Chinese people. Fortunately, justice came late, and through unremitting efforts, China took a series of powerful measures to successfully prove Meng Wanzhou's innocence. Finally, in late 2021, Meng Wanzhou was released and returned to China.
HSBC's plot failed, not only losing its major customer Huawei, but also losing its reputation in China, which led to a shrinking share of the Chinese market and then in Europe and the United States.
Since 2020, HSBC's net profit has continued to fall, and within a year, it closed more than 80 banks around the world and lost 70%.
It didn't take long for HSBC to announce that it would completely withdraw from Europe and the United States, and at the same time sell more than 90 branches it held. This is strange, how did they take refuge in the United States, but they were abandoned by the European and American markets?
This has to look back at the black history of HSBC since its establishment.
In China, he has accumulated countless riches but has broken his promise
In 1864, HSBC, which was controlled by British capital, made its headquarters in Hong Kong and opened a branch in Shanghai the following year. Since then, HSBC has been encroaching on modern China with the British capitalist ideals.
The main way HSBC chose to spread this idea in China was by providing loans to the Qing government, which was in turmoil at the time. At that time, the person in charge of the bank first bribed the customs leaders, and then took advantage of the "privileges" of the British in the bank to establish contacts with the people of the Qing government and carry out high-value loan business.
After that, the Qing government had to pay huge sums of money every year to repay the interest on the loans at HSBC, and in the end there was no money, so it had to use salt taxes and customs duties as collateral and then continue to borrow and repay. During the Xinhai Revolution, the foreign powers and HSBC colluded with each other in an attempt to get the Qing government to give HSBC the right to deposit customs duties and custody.
According to the data, from its opening to 1928, HSBC provided a total of 82 loans to the Qing government and the Beiyang government, depreciating 350 million taels of silver, thus obtaining the right to deposit the taxes of China Customs and Salt, and becoming the most important foreign bank controlling the financial lifeline of old China.
Through these operations, the Qing government not only had to pay high interest to HSBC, but also had to tolerate HSBC's arrogance and arrogance as a "creditor".
At the same time, Hu Xueyan, a red-capped businessman in China at the time, began to vigorously develop local Chinese enterprises in order to avoid foreign capital monopolizing silk and other industries. Most of the money was lent from HSBC, and in order to compete with Hu Xueyan's competition, HSBC spread rumors that Hu's silk factory was about to go bankrupt.
After HSBC's insidious methods, Hu Xueyan not only did not make a profit, but was unable to repay the initial loan, and finally had to sell his assets and declare bankruptcy.
Even Dr. Sun Yat-sen has become a target of HSBC. The bank kept pouring money into creating an atmosphere of unrest in the country, forcing the Northern Expedition to break out two years later.
HSBC was attached to the Qing government, plundered wealth on a large scale, and made a lot of money. Therefore, although it has been in China for a hundred years, it has always been harming China!
Misdeeds are spurned by the world
Of course, HSBC's tactics are not only aimed at China, but also in countries around the world in recent years.
HSBC has been prosecuted and fined several times due to suspicions of money laundering, foreign exchange manipulation, leakage of customer information, financial fraud, etc. The exposure of these negative news has caused serious damage to its reputation.
According to some data, HSBC has recently suffered a crisis of high-level personnel changes and layoffs in Greater China, involving more than 5,000 employees. The turmoil has tarnished HSBC's reputation at home and abroad, and its operating conditions are worrying.
Looking back at HSBC's history, we can see that it once had a prominent position in the global financial markets. But since Ms. Meng's case, its reputation has suffered a huge blow. In addition, the closure of several branches in China and the plummeting market share are indicative of its business struggles.
What is even more chilling is that HSBC has not provided a reasonable explanation or apology for its actions. This attitude further undermines public trust in it. In a financial world where integrity is paramount, a loss of trust means a loss of customers and a market.
Now, HSBC faces a huge test. It must take a deep look at its own behaviour and take proactive steps to restore trust and improve its operations. This may involve strengthening internal controls, improving compliance levels, and actively communicating with all parties.
At the same time, it is also a constant reminder to peers. They should learn from this experience and recognize the importance of maintaining trust and reputation. Only by operating legally and honestly can banks gain a firm foothold in the market and achieve sustainable development.
In general, HSBC is doing its own thing. It also reminds us that both individuals and businesses should abide by ethical principles and cherish trust to avoid decay.