According to the Observer Network's report on August 6, HSBC Holdings decided to change its strategic focus, hoping to expand its business into the Chinese mainland market as soon as possible and seize regional market share. This is the helpless choice of HSBC Holding Group, which in the first half of 2021 saw its revenue fall by 4%, and although net profit increased by 300% year-on-year, it did not return to pre-epidemic levels. Not to mention that there are still many countries in the international community that have not controlled the new crown epidemic, HSBC Group laid off 4,000 employees in the first half of last year, and 3,500 people in the first half of this year, just to ensure the stability of the group's capital chain. How could HSBC make a lot of money by expanding its market share in the Chinese mainland?
Now that the international community has effectively controlled the new crown virus and there are not many countries that have basically resumed economic activity, the benefits that can be brought by the Chinese market may be one of the main sources of benefits for HSBC Holding Group in the future. At least in comparison, China's economic activity is more dynamic, HSBC, a subsidiary of HSBC Holding Group, was originally one of the three major banks in Hong Kong, but in the face of the new crown epidemic, the total economic volume of the five cities of Beijing, Shanghai, Guangzhou, Shenzhen and Chongqing, which Chinese mainland, has surpassed That of Hong Kong, so Chinese mainland obviously has greater economic development potential. In order to ensure its future interests and the long-term strategic layout of the group, HSBC Holdings decided to recruit more employees in the Chinese mainland in the face of global layoffs. They plan to hire 350 wealth managers to expand the company's business to Chinese mainland as soon as possible, and HSBC Holdings is clearly preparing to make a lot of money in the Chinese market.
However, this is not very likely, because Chinese obviously do not have much good feelings for the HSBC Holding Group and their subsidiaries. Because HSBC was involved in the Meng Wanzhou incident, one of the reasons for the forced detention of Ms. Meng Wanzhou by the United States and Canada was to claim that Ms. Meng Wanzhou had "concealed" Huawei's relationship with Hong Kong Starcom Technology Co., Ltd. from HSBC, which misled HSBC into providing banking services to Huawei. In the end, HSBC Group also violated the US sanctions bill against Iran because of its cooperation with Huawei, so Ms. Meng Wanzhou formed a fraud against HSBC Group, which was also the cause of Meng Wanzhou's case. But there is growing evidence that HSBC is clearly under political pressure from the United States and Canada to perjury the two Western countries.
For example, HSBC claims that they have provided Huawei with a credit line of 900 million US dollars, but in fact, according to the financial report issued by HSBC's own company, the total amount of bank loans provided by HSBC to Huawei is only 80 million US dollars, not to mention that Huawei has never used the so-called credit line provided by HSBC. Some time ago, Ms. Meng Wanzhou's legal team also obtained a document from HSBC, which can prove that HSBC is aware of Huawei's business in Iran, so the so-called fraud case against Ms. Meng Wanzhou in the United States is not reliable in itself. A company that will help the United States and Canada maliciously infringe on the legitimate rights and interests of Chinese citizens overseas will naturally find it difficult to gain the favor of Chinese people. If HSBC wants to enter the Chinese market, it should completely cut off its political bias.
According to the Beijing Evening News reported on August 6, Meng Wanzhou's case has now entered the final trial stage, although there is now more and more evidence to prove that the United States and Canada against Ms. Meng Wanzhou are false, but recently Bloomberg has released a rumor, saying that according to the previous extradition cases between the United States and Canada, the probability of Meng Wanzhou escaping extradition is less than 1%, and in the final stage of the trial, the US president personally called Canadian Prime Minister Trudeau and talked about related topics. Pressure on Canada again.
It is hoped that Ms. Meng Wanzhou's legal team can finally overturn the allegations of the United States, and all walks of life in China have been working hard to speak out for Ms. Meng Wanzhou, believing that Ms. Meng Wanzhou will return to the motherland as soon as possible.