HSBC is the representative of foreign financial institutions, which has the largest network among foreign banks in China. Final analysis conclusion:.
In the grand scheme of things, the Chinese government may not go out of its way to crack down on HSBC, and may not retroactively track its past behavior.
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The company doubled down on that this year with another restructuring plan , which involves cutting 35, jobs and shifting more resources to Asia while pulling back in places like the United States, where it has underperformed for years. One of the reasons HSBC is so dependent on China is that it no longer has viable returns in other markets, according to analysts. Where's the success? He claimed that many of HSBC's ventures had ended in "disaster," citing Brazil as an example, where the bank sold its operations in All roads lead back to China.
That's not to say there aren't any options. One idea being floated by analysts is for HSBC to split itself up and spin off its business across different geographies. But that approach may not "solve the problem" of recovering business from China, said Kunwar. The company could also try to appease Beijing by moving its primary stock listing from London to Hong Kong, or returning its global headquarters to the Chinese city.
Neither are guaranteed to make officials happy, however. Another tactic would be to keep trimming its balance sheet to help offset losses. That plan, though, still wouldn't provide a path to growth. Chan also suggested more direct communication between HSBC's senior managers and the government in Beijing.
Another consideration is Hong Kong's stock exchange, which has become more important as Chinese companies that trade in New York return home to court investors through secondary stock listings.
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