The world is changing. Just see how many world leaders have met Chinese President Xi recently. And how many more world leaders are going to meet Chinese President Xi. Who knows, United Nations will be in China soon.
Globalization only works if the trade terms are equal and are mutually beneficial to all trading partner countries without one country give give and give and the other country(ies) take take and take and even abuse the system with fraud otherwise then it's just reverse colonization. LOL From an economics point of view, globalization is based on the concept of international trade that operates on the principle of trading according to comparative advantage so all trading partners benefit but that is operating on the premise that the trade agreement has equal trade terms and with no artificial barriers of trade like tariffs that make imported goods 200% more expensive to make them uncompetitive and manipulated exchange rate that artificially debased its own currency and dumping to make its exports more competitive. China's made enough money from globalization. It should have no more need for long-term capital from foreign countries. It should be us who need China to inject longer-term capital in our economy. LOL I have no idea what you are talking about here. Did you use Google Translate to come up with this paragraph by any chance?
Chinese has always been the official language of the UN. But China doesn't really need to own the UN. China is the UN. LOL
Obviously you don’t read or pay attention to news. Ping An Deepens HSBC Battle With Call for Strategic Review https://www.bloomberg.com/news/arti...-need-for-hsbc-changes-blasts-bank-s-response
Just look what's happening to VW's assets in Russia today - confiscated and nationalized, maybe they learned something?
not if we seize russian overseas assets first, including their central bank assets. yellen already admitted that sanctions put our options in a box, everyone is scared and de-dollars. tic for tac is scary move.
What has this have to do with China's long-term capital needs? I do pay attention to news but news of China doesn't really concern me tbh. LOL But nevertheless I will continue with the discussion. A few things come to my mind after reading the Bloomberg article: 1. Why does Ping An want to split up HSBC? LOL So the Chinese government is a corporate raider now? Buying up companies to break them apart? I don't see any valid reason that justifies HSBC splitting up. It's a global company that has operations in all locations of the world that bring synergies to each other. I don't see why and how splitting up the company would increase the overall value of the company. From a business point of view, spinning off does not make sense. HSBC is a company that's there to make money, not the Chinese government's puppet toy to do whatever. 2. Why is Ping An still sticking with the company if it doesn't like what the company is doing? Why doesn't it vote with its wallet and sell its shares and leave instead of wasting time on this mess? If it can buy the company like a capitalist like you said then it can sell the company like a capitalist no? LOL 3. From your previous post I dunno why you brought up all these other crap about huawei and the origin of the company and the jewish banking story (I still don't know what you are referring to here and how it applies to HSBC). I still don't see how these information are relevant to the state of HSBC's business which is what's most important here. Your mind is just all over the place. LOL You need to learn to focus and concentrate on the most important issue on hand and analyze things from an impartial and non-judgemental way. This will help you in your trading as well if you are a trader.
Because you didn’t follow the big news. As I recalled HSBC gave DOJ some information regarding Huawai’s transactions with Iran, Bolton “kidnapped” Huawai founder’s daughter Meng in Vancouver airport. Don’t tell me the Chinese is easy to forgive, an eye for an eye, so to speak. Revenge is sweet. There was obvious outrage against HSBC not protecting its customers information in other parts of the world it operates, and sell customers data to US jurisdiction. If you don’t know, HSBC can print Hong Kong banknote along with Standard Charter and Bank of China. HKMA could have dropped HSBC’s license. And China could have taken back HSBC banking licenses. HSBC makes 40% of its money in China alone. If I were Xi, I’d say fuck it. I trade HK and NY equity markets, and London, Singapore debt markets, focus is not even my issues, big political currents do interfere trading calculus.
Bolton?? Who's Bolton? LOL I don't want to turn this thread into a political thread but Huawei lied and violated its contract terms with USA and committed fraud. It got what it deserved. If you ask me, they got off easy. As far as I know, all the Meng woman got was a free vacation in the comfort of her million-dollar home with 24-hour around-the-clock security. She is a criminal and she's supposed to go back to USA in a future date to stand trial. She signed a statement admitting her wrongdoings. As a criminal, she's supposed to rot in jail but because she's got money, she gets to stay in her own home with bodyguards. That's how rich people go to jail I guess. LOL Anyway I am not clear on HSBC's role in huawei's business but if they co-operated with the US government regarding huawei, they did the right thing. All financial institutions regardless of who owns them are supposed to cooperate with authorities. It's what they are supposed to do. It's not a "sell-out". Like I said, you need to look at things impartially and objectively instead of with some kind of nationalistic crap that you have probably been brainwashed with.
I read somewhere John Bolton signed off the arrest. Everything is political theses days for global trades. I would not be surprised Elon Musk will be crashed if he gives Tesla driver data in China to US and vice versa. https://www.lexology.com/library/detail.aspx?g=d5ba9bbf-5a52-4995-b977-786597407831