Is it not obvious?
HSBC rejected a move back to Hong Kong but why is it “snubbing” Hong Kong?
The use of the term “snubbing” to describe HSBC’s decision to reject moving back to Hong Kong and to remain headquartered in London is biased and utterly despicable.
It is politically biased because it is a shameless kowtowing to the political dictate of the damn Chinese Communist regime.
Although the fear that Hong Kong’s freedoms enjoyed during its colonial era before 1997 are being rapidly eroded by the Chinese Communist regime was not mentioned in the HSBC statement about the decision, was the bank really “snubbing” Hong Kong as a viable option?
Is it not obvious that Hong Kong is no longer a viable option as a center of international finance and banking because of the meddling, intervention, interferrence by the Chinese Communist regime?
Is it not obvious that Hong Kong is no longer viable for any kind of free capitalistic financial activity?
Is it not obvious that independent corporate decisions would not be possible without Chinese Communist regime’s meddling, obstruction, intervention and political approval of corporate affairs?
Is it not obvious that money flow is out of the Chinese Communist mainland, not into the Chinese Communist mainland? Money is fleeing the Chinese mainland. There is a serious flight of capital from the Chinese Communist mainland.
Yet, Chinese central bank chief Zhou Xiaochuan says that there is no basis for further devaluation of the yuan renminbi. He also dismissed a need for tighter capital control to stem the flight of capital and foreign exchange from the Chinese Communist mainland.
Is this not lying?
Why do we even want to listen to such obvious lies?
HSBC rejected moving back to Hong Kong because it is obvious that Hong Kong is no longer viable as a place to conduct international finance and banking freely and independently without damn Chinese Communist regime’s meddling.
But to say that the HSBC is “snubbing” Hong Kong assumes that Hong Kong is still a viable option which it is obviously no longer one.
Thus, to say that HSBC is “snubbing” Hong Kong is ludicrous, utterly ignorant, and completely blind to the political interference of banks and banking operations by the damn Chinese Communist regime.
To say that HSBC is “snubbing” Hong Kong assumes arrogance on the part of the HSBC and assumes a complete lack of culpability on the part of the damn Chinese Communist regime.
Obviously, and really, is it not obvious that describing the HSBC as “snubbing” Hong Kong shows complete ignorance of banking, well at least about how an independent and free bank operates?!