On the evening of September 25, 2021, when Meng Wanzhou stepped down the suspension ladder in a red dress and leaned over to touch the land of the motherland, 1.4 billion Chinese couldn't help but have hot eyes!
This Chinese woman, who was illegally detained by Canada for 1,028 days, finally returned to China.
The statements in this article are based on reliable sources of information and are detailed at the end of the article.
And the initiator of this ordeal is HSBC, which has been making its fortune in the Chinese market for 150 years!
Back then, he tampered with documents to frame his compatriots, and now the retribution is refreshing!
Why does it want to be the sword of the United States when it is still in China's good days?
HSBC
Meng Wanzhou was framed
On December 1, 2018, Meng Wanzhou was in transit in Canada when she was suddenly stopped by a group of police officers who said they wanted to "arrest" her.
After inquiry, I found out that it was HSBC that labeled her a "fraudulent cooperation".
The U.S. side said that Meng Wanzhou's actions were suspected of violating their sanctions treaty against Iran,
So the Canadian police were ordered to arrest her and send her to the United States for trial.
Meng Wanzhou
After the news came out, public opinion at home and abroad exploded.
At that time, it was a critical stage of Huawei's chip research, and anyone who knew a little bit about the situation could see it.
To control the core figures of Huawei's top management is to sanction and prevent the further development of Huawei technology.
Meng Wanzhou
In the grand scheme of things, they are trying to hinder the process of China's technological rise.
This is no longer just a matter of commercial cooperation between HSBC and Huawei, but has long since risen to the national level.
Huawei chips
His father, Ren Zhengfei, also firmly stated that he would not sacrifice the interests of the entire Huawei company for his daughter.
Moreover, he had long been prepared that he would not see his daughter in person again in his lifetime.
Ren Zhengfei and Meng Wanzhou
After being detained by the Canadian police, Meng Wanzhou began a three-year prison sentence.
She herself is optimistic, although she has to wear leg cuffs all day and her range of motion is limited to less than 50 kilometers.
But every time she appears in front of the camera, she is an elegant and dignified image.
Meng Wanzhou
Finally, with the unremitting efforts of all parties, Meng Wanzhou returned to Chinese territory on a special plane in 2021.
The footage of the day was broadcast by many media in turn, and CCTV even came forward to shoot a documentary called "Liu Xin Investigation: The Unknown Details of Meng Wanzhou's Case".
With more than 680 million hits, that's almost as big as the population of the United States and Canada combined.
It also let everyone know what a shameless company HSBC is hiding behind the incident!
HSBC
HSBC's obscene means
HSBC has been in China for more than 150 years and has been trading with Huawei for more than 20 years.
In 2013, HSBC took the initiative to invite Meng Wanzhou, Huawei's chief financial officer, to Hong Kong, China, to discuss business.
Unexpectedly, the other party tampered with the documents provided by Meng Wanzhou and sent them directly to the United States!
It also accused Huawei of hiding its previous cooperation with Iran from them, saying that it was a serious commercial fraud.
Meng Wanzhou
This played into the hands of the United States, and the United States immediately made a big fuss about this crime and issued a notice of arrest of Meng Wanzhou.
But is it really what they say it is? Apparently not.
Incident-related reports
Back in 2013, HSBC became aware of the partnership between Skycom and Iran.
And it's evidenced by their internal correspondence.
It was because of the money laundering within HSBC's own company, which was discovered by the Americans.
In order to exchange interests with the United States, he teamed up with the other party to pour dirty water on Meng Wanzhou
HSBC related reports
Everything was planned by them!
Even the Financial Times couldn't stand his behavior of scolding the cook after eating, calling it "the ugliest business betrayal!" ”
HSBC
The fate of the betrayer
This incident was like a fuse, and HSBC began to go on an endless downhill path.
In 2020, he was disqualified from underwriting U.S. dollar Treasury bonds for three consecutive years.
In the second year, because of the overall data problem, he was fined nearly 30 million euros, about 250 million yuan, by the European Union.
Incident-related reports
Many Chinese companies have also recognized their true colors, and they do not dare to cooperate with such a company that has fallen into the ground, and have dissolved their capital exchanges.
Since then, HSBC has had big problems in both its operation and its revenue.
Large-scale layoffs have begun in first-tier cities such as Shanghai and Shenzhen, and in 2023 alone, 10,000 jobs have been reduced.
By 2024, their annual profits have plummeted by about 60%.
Incident-related reports
Not to mention their international situation.
In today's perfect economic globalization, the cost of betraying a collaborator is immeasurable.
Therefore, their business in the United States and Europe has also been operating at a loss for a long time.
HSBC
The United Nations Conference on Trade and Development (UNCTAD) also took this as a prime example.
He pointed out that the United States has abused its "long-arm jurisdiction" power to make a mess of the current multilateral trading system.
We call on the whole world to establish a new order that is fair and just.
United States
China's awakening
After the outbreak of the Meng Wanzhou incident, Huawei did not flinch in the slightest, but turned its grief and anger into motivation and accelerated the pace of scientific and technological research and development.
They decisively launched the spare tire plan and urgently put HiSilicon Kirin chips into production.
Huawei HarmonyOS system
In terms of R&D investment, Huawei has demonstrated its determination to break through the cauldron.
In 2020, Huawei invested 141.9 billion yuan in technology research, with an average daily investment of 388 million yuan.
Such boldness is rare among global technology companies.
This perseverance and investment will pay off handsomely in 2024, as Huawei's smart car business not only starts from scratch, but also becomes profitable for the first time.
Statistics on Huawei's R&D investment
This betrayal incident is simply a slap in the face, which completely woke up the Chinese entrepreneurs!
As a result, they have increased their investment in scientific and technological research and development.
This is not a trivial matter, and the amount of money invested is very large, even more than some EU countries.
R&D investment statistics
In recent years, this effort has finally borne fruit, and China has made a major breakthrough in the field of chips.
In the past, we relied heavily on the supply of key chips from the international market, but now we have as much as 35% of our own research and development.
It has realized the key leap from "stuck neck" to gradual independent and controllable.
Chinese chips
At the same time, the renminbi's influence in the international market is also increasing.
In 2024, the renminbi will jump to 40% of the NDB's approved loans.
The proportion of direct cross-border payments in RMB has also increased significantly, reaching 6.5%.
Cross-border payments
It is worth mentioning that after Ms. Meng Wanzhou returned to China, she also actively devoted herself to work.
In 2024, she launched the "HarmonyOS Developer Program", which is committed to cultivating more outstanding scientific and technological talents and injecting fresh blood into the long-term development of China's science and technology.
Meng Wanzhou
In her speech at the University of Hong Kong, Meng Wanzhou also used the phrase "Be cautious and respectful to the end, and persevere to win" to inspire every young person present.
As the People's Daily put it, no difficulty can stop China's progress.
The awakening and progress of Chinese enterprises in the field of science and technology is leading us to stride towards the ranks of scientific and technological powers, which is the pride of all Chinese!
Meng Wanzhou gave a speech at the University of Hong Kong
epilogue
After doing business in China for so long, I can't even do basic respect, and I deserve to end up like this! We have to stand up when we are beaten, and for those who fall into the ground, our strength is the best confidence to resist them!
[References]
1. Sina Finance-2024.11.27-HSBC (HSBC. US) lost its case in the European Court and was fined $33.4 million by the European Union.
2. Caixin-2021.08.16-"Meng Wanzhou's Extradition Case Fierce Court Debate, Focusing on Whether HSBC Knows"
3. Sohu News-2024.08.03-HSBC: A New Direction for Wealth Management under Shrinking Interest Income"
4. Global Times-2021.08.27-"In the 1000 days since Meng Wanzhou was "kidnapped", what did the world see? 》
5. Tencent News-2025.03.31-"HSBC Closes Mainland Branches Again: Relieving Cost Pressure, 39 Branches Have Been Closed Since 2022"
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