All content in this article is officially reliable**, and the specific information is detailed at the end of the article.
Preface. Who would have thought that HSBC, which has been in operation in China for hundreds of years, would stab China in the back at the most critical period.
When many people first hear about HSBC, they almost think it is a native of China, but when they look at its history, they find that it is a foreign bank with a history of 150 years.
Since HSBC entered China in the early and late periods, it has won the trust of many enterprises and individuals, and with strong publicity, HSBC was once the first choice of many wealthy families.
However, it is such a bank rooted in China that has repeatedly backstabbed China, and in the Meng Wanzhou incident, it played the most "crucial role" in trying to lock Meng Wanzhou abroad.
Many people also expressed their doubts, how did such a bank grow up in China step by step? And what retribution did it suffer?
It has been parasitic about China for 150 years, and it has grown well with foreign capital.
HSBC is a very unfamiliar name to many young people today, but at the beginning of the 21st century, it was the most popular bank.
In the late Qing Dynasty, China had just experienced two Opium Wars, which had a huge impact on the economy.
With two successive defeats, China not only faces huge economic compensation, but is also forced to open up to the outside world and allow foreign forces to enter.
In 1865, due to the needs of national development, many domestic banks could no longer meet the needs of the first bank, and in this critical period, the foreign bank HSBC came into being.
At that time, more than a dozen foreign banks, including Baoshun & Co., British Steamship Company, Lao Sassoon & Co. and Joan Kee & Co., established the "Hongkong and Shanghai Bank", also known as "HSBC", in Hong Kong.
This is HSBC, its full name is "The Hongkong and Shanghai CIB Bank", and it has been called "HSBC" since 1880.
In the early days of HSBC, China's main market was one of the reasons why it was headquartered in Hong Kong.
Behind this bank is not only the United Kingdom, but also the United States, Germany and other countries, and it is precisely because it is backed by many countries that it has the courage to backstab China many times.
One of the main reasons for HSBC's success is marketing.
During that period, HSBC played a signboard, aiming to be a bank used by the rich, and this name attracted the interest of many wealthy people.
Over the past 100 years, HSBC has witnessed the development of China's financial industry as China continues to change.
It would be a big mistake to position it as exclusive to the wealthy.
After making a name for itself, HSBC began to take the people-friendly route, as long as they came to save money, no matter how much money they had, they warmly welcomed it.
At that time, HSBC, as a foreign bank, can be said to have given everyone enough face, and it didn't take long for it to successfully enter the Chinese market.
In order to be able to take root in China and lay a solid foundation, HSBC has carried out large-scale exchanges with money banks to obtain huge profits.
With the addition of business contacts and private deposits, HSBC's liquidity was far ahead, and HSBC became one of the famous banks at that time.
Thomas, the founder of HSBC, has been the Hong Kong director of a number of UK companies and has a deep understanding of the Chinese market.
It is precisely because of his understanding of China's national conditions and market that he will not hesitate to unite with a number of foreign banks to establish HSBC when there is a shortage of banks in the Chinese market.
This in-depth understanding not only enabled HSBC to enter the Chinese market smoothly, but also successfully survived major economic crises and made a lot of money.
After founding HSBC, Thomas set his sights on Qing**, and several of their bank executives established deep ties with ****, allowing HSBC to get key information one step ahead.
After 1874, HSBC cooperated with Qing ** many times, and successively provided it with bank loans of more than 29 million.
At that time, Japan launched an armed invasion of the Taiwan region, and in order to consolidate the defense of the Taiwan Strait, the Qing government began to raise funds to support Taiwan.
HSBC, which is backed by the United Kingdom, has a strong capital flow and is the best choice for Qing ** to ask for help.
Thomas agreed to Qing**'s request to borrow money, but offered an interest rate of 15%, which was 7% higher than the market interest.
Such a loan shark is undoubtedly taking advantage of the fire, but Qing ** has almost no choice but to agree.
With the repeated "robbery while the fire is hot" and various opportunities, HSBC has taken deep roots in China and has become the first choice of many people.
However, such a trustworthy bank has repeatedly backstabbed China in the past 150 years, and it has "made great contributions" to the Meng Wanzhou incident.
repeatedly backstabbed China and jointly framed Meng Wanzhou.
Although HSBC has a history of more than 150 years in China, it has almost always stood on the opposite side of China at every critical period.
The loans at the end of the Qing Dynasty and the beginning of the Republic of China can be said to be the first backstab to China, and they required the Qing Dynasty to use tariffs as collateral in order to provide loans.
In doing so, they grasped the economic and financial lifeblood of China, and not only that, but they were also involved in the Opium Wars and money laundering operations.
When China urgently needed someone to stand up, Mr. Sun Yat-sen led the Xinhai Revolution to overthrow the Qing Dynasty, however, HSBC supported Yuan Shikai at this time.
They used a lot of money to finance Yuan Shikai's opposition to the revolution and his restoration activities, and in the final analysis, they knew that once the revolution was successful, their previous activities would be difficult to carry out.
HSBC's actions have seriously exploited the hard-earned money of the Chinese people and hindered social progress.
After Yuan's defeat, HSBC also lost an important ally and backer in China, but they did not give up doing things in China.
One failure did not make them learn their lesson, but only became more and more arrogant.
During the War of Resistance Against Japanese Aggression, our country was in dire straits, and everyone was united just to drive out the invaders.
However, when we were united, HSBC turned its guns on China and fired a fierce shot.
During the War of Resistance Against Japanese Aggression, they cooperated closely with Japan, not only providing financial services to Japan, but also providing it with various kinds of intelligence.
When the people were worried about the fate of the country and their own safety, HSBC quietly transferred their efforts to Japan or other places.
HSBC's approach has caused huge losses to the people and hindered the pace of China's war of resistance against Japan.
After the founding of the People's Republic of China, HSBC not only did not restrain its own behavior, but challenged the bottom line of law and morality several times and carried out a series of illegal acts, including money laundering.
In 2018, the Meng Wanzhou incident broke out, countless Chinese people were worried, and my country also used many methods to strive to let Meng Wanzhou return to the motherland.
However, after verification, it was discovered that there was also the "credit" of HSBC behind this huge conspiracy.
In order to curry favor with the United States, HSBC leaked Meng Wanzhou's information to the United States, making Meng Wanzhou lose her personal freedom in Canada and make it difficult for her to return to China.
It is worth mentioning that Huawei is one of HSBC's important customers and has important cooperation in the economic field.
HSBC not only violated the principle of good faith in cooperation, but also stabbed China in the back and put Meng Wanzhou in a dangerous situation.
According to the U.S. statement, Ms. Meng gave a PowerPoint presentation to an HSBC executive in Hong Kong in 2013 about the business partnership between Huawei and a Hong Kong-based Skycom technology company in Iran.
This is also the only evidence in the U.S. complaint against Meng Wanzhou, and this so-called evidence is provided by HSBC.
The U.S. side also said that Meng Wanzhou had concealed something from HSBC, so that HSBC did not fully understand Huawei's business, but continued to provide services to it.
Therefore, the US side accused Meng Wanzhou of concealing fraud, and kept her in Canada and prevented her from returning to China.
And the United States' control of Meng Wanzhou is just an attempt to suppress China and Chinese companies, and HSBC has provided him with a "knife".
With China's continuous efforts, Meng Wanzhou finally returned to the embrace of the motherland, and the moment she got off the plane, countless people burst into tears.
After more than 100 years, HSBC has finally paid the price for what it did.
HSBC paid the price, and everything was deserved.
The most important thing in doing business is credibility, and HSBC lacks this credibility.
As a bank, it should be based on credibility and morality, but HSBC is going against morality, stabbing China in the back and betraying its business partners.
Relying on foreign capital, it has a rich history and could have had good development, but HSBC has suffered from it and put itself on a road of no return.
After the Meng Wanzhou incident, major officials reported on HSBC's actions, and for a while, everyone knew about this immoral bank.
The Meng Wanzhou incident has not only aroused tremendous repercussions at home, but has also attracted special attention from various countries in the international arena.
After the incident was clarified, HSBC also had a bad reputation in the international community, and many countries found it difficult to accept what HSBC had done, which directly affected HSBC's operations.
In July 2020, HSBC closed its branch in Longgang, Shenzhen, where Huawei's headquarters coincidentally were.
HSBC's adjustment has attracted widespread attention, and although the bank's headquarters responded that it was a normal branch adjustment, it was hardly convincing.
In 2019, HSBC's profits fell sharply, as they also accounted for 15% of the global total in layoffs due to its various actions.
Today, HSBC is still the largest foreign bank in China in terms of size and branches, but who will cooperate with a bank that has lost its credibility?
As a financial institution, banks hold a large amount of personal information, and whether it is required by law or ethics, it should protect this information from leakage.
HSBC's actions against Meng Wanzhou are not just a matter of credibility, and may even involve the law.
As the people said, in the Meng Wanzhou incident, HSBC played a disgraceful role.
Epilogue. China is where HSBC started and where they are mainly active, and we have helped them to take root in the financial environment.
But in exchange for backstabbing and robbery, such enterprises will not only be abandoned by the market, but also by the people.
HSBC, as a partner of Huawei, seriously violated the spirit of cooperation and colluded with other countries to frame Meng Wanzhou, and it will also be punished as it deserves.
Nowadays, HSBC has long since lost its glory, and all of this is deserved, and enterprises without morality and credibility will eventually be abandoned by the market and consumers.
Source**: The Paper - "Controlling Tariffs, Gengzi Indemnity, and Framing Huawei, What Is HSBC That Started in China?" 》
The Paper - "Collation and Research of China-related Archives of Modern HSBC: Between History and Reality".
CCTV - "The Key Evidence of the Meng Wanzhou Case Is Public, HSBC Frames and Exposes American Political Calculations".
People's Daily Online - "Meng Wanzhou's Case Evidence Disclosure! HSBC was framed, and the United States single-handedly concocted it