atans1

HK: Why HSBC can still smile

In Banks, Hong Kong on 22/10/2019 at 5:05 pm

In Why HSBC is really Hongkong Bank

I wrote

I’m very surprised that BoC is a distant second in terms of deposits. I tot the gap was much narrower. And this was in 2018. I’m sure BoC lost a lot of deposits.

Well since then, there have been reports that BoC branches have been targeted by the rioters, as have the branches of other mainland controlled banks.

Sure HSBC is suffering because HK is its biggest and most profitable market

But the attacks and withdrawals from the Chinese banks must bring a smile to the quai lows at Hongkong Bank.

 

 

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