Society: The more the financial war in the United States and China becomes more intens

Industrial and Commercial Times Society

U.S. Secretary of State Pompeo and Chinese State Councilor Yang Jiechi at the Meeting of Meeting in Hawaii, seemingly opened a window for peace talks for Sino -US relations for swords. Although there is no substantial progress after the meeting, the two parties agreed to earnestly implement the consensus reached by the heads of state of the two countries., And continue to keep contact and communication.Nevertheless, the Sino -US financial battle has not been eased. The two sides use the life and death of the Hong Kong Financial Center as a bet. In case of crossing the red line, not only the Hong Kong will be chaotic, but also the risks that are difficult to control in Asian countries. It is not a good thing for Taiwan.

The situation of the Sino -US financial war has been formed, especially less than 140 days left from the US presidential election on November 3. Fighting against China is a rare consensus for the two candidates of the Republican and Democratic parties.The re -election and re -election of 35 federal senators, plus the governor of 11 states to re -election, anti -China issues will continue to be stimulated in severe elections. It is expected that any candidate in the United States will suddenly return to rationality. The probability is very low.

And the Chinese side faces a rough attack, and the direct response is to have a stronger retreat and self -protection. Since the outbreak of the Hong Kong anti -repair campaign last year, although Beijing has tolerated the tolerance of the protesters in Hong Kong, it has also strengthened the control of Hong Kong and the National People's Congress.The legislative authorization, known as the Hong Kong version of the National Security Law, is a symbol of the surface. Prior to this, Beijing strengthened the control of Hong Kong financial institutions, asset management, and investment companies.To go, Beijing is prepared to meet the final financial decisive battle of Western forces such as the United States.

The situation of HSBC Holdings symbolized by the British Empire in Hong Kong and China's financial forces can be used as a winding ball for the US -China financial war or squeezing the Chinese and Western financial forces.The stock price of HSBC Holdings in Hong Kong, from HK $ 60.4 per share at the end of last year, fell to HK $ 37.7 on June 17. Even if the European and American stock markets have greatly recovered the soil, HSBC Holdings still fell nearly 38%this year.The market value evaporates HK $ 465 billion, which fully reflects HSBC between the two major powers of China and the United States. In the past, the dilemma of killing on both sides is now killing.

HSBC was strongly questioned by Chinese officials and folks. Professor Qiang Shigong, a professor at Peking University School of Law, recently posted on the Internet, saying that the bank was established to assist the British colonial government. Now the Chinese are no longer willing to do business with such banks.Qiang Shigong claimed that HSBC's information leaking Huawei in the 2012 money laundering case led Huawei's chief financial officer Meng Wanzhou to be arrested and violated the basic business law of privacy protection.Although this statement does not match the concept of the rule of law in the West, it has a huge market in China and obtains a lot of applause.

In addition, the Chinese official People's Daily WeChat public account reproduced the Beijing Daily's article, with the title of "pit customers, HSBC will eventually lose all customers" to list HSBC's controversial incidents in recent years;On May 29th, Facebook posts were even more naked. He said that HSBC's business in China, China and other national banks can completely replace and hold HSBC's (Hong Kong) Special Economic Zone Government, Mainland China, Hong Kong, and industrial and commercial.Hellip; protect yourself immediately to avoid becoming a hostage similar to Huawei.Under the scary of Liang Zhenying, HSBC Holdings came forward by Wang Dongsheng, the chief executive of the Asia -Pacific region of Chinese descent, and personally signed and expressed support in the street stalls that support Guoan legislation to avoid a storm.Although Wang Dongsheng is the chairman of the Hong Kong Federation of Commerce and Vice Chairman of HSBC, he is a Hong Kong person holding a British passport and still unable to trust in Beijing.

In November last year, HSBC compuls to close the Astronomy League account of anti -repair -resistant supporters. The most symbolic lion at the door of the Hong Kong head office was sprayed with red paint by the people, but did not obtain Beijing's understanding.Senior decision -making supervisor was suddenly replaced or resigned, and this year it was even more difficult in the seams of the Sino -US financial war.NOEL Quinn, CEO of HSBC, said to 235,000 employees worldwide that HSBC will continue to freeze almost all foreign recruitment and lay off 35,000 employees.

The situation of HSBC symbolizes the dilemma of Hong Kong's financial centers. Both China and the United States depend on the functions of Hong Kong's financial centers, but they continue to use Hong Kong (and HSBC banks and other financial institutions) as meat tickets to threaten their opponents.The United States, Britain, and Western countries have major financial benefits in Hong Kong. They are important sources of profit from Western financial institutions. If Wall Street and London have less profit from Hong Kong, all Western financial stock prices will be severely frustrated; Hong Kong is even more.Chinese -funded enterprises have the most important channel for overseas fundraising. If Hong Kong cannot absorb Western funds for Chinese companies, not only the Oriental Pearl will immediately turn off the lights. Regardless of state -owned enterprises and private enterprises, Chinese -funded enterprises will immediately face the threat of funds.

Of course, Pompeo and Yang Jiechi's secret meeting is of course only one of many issues, but it means that both China and the United States cannot afford the impact of Hong Kong collapse, and they are still trying to seek self -protection.The accountability law of transparent foreign companies has been approved in the Senate. It has been difficult to reverse the trend of US -China funding, financial business building firewalls, financial institutions and professional managers from Hong Kong withdrawal.We believe that the government, Taiwan financial institutions, and listed companies must quickly make a response plan. While the negotiation windows opened by Pompeo and Yang Jiechi, strive to establish a firewall work to ensure the most fundamental interests of Taiwan, avoid the more they are over the moreThe stronger Chinese and American financial war became a hostage.