3 ms·
Source?
by tobbe2064 4y ago
Source?
- rvnx 4y agoEDIT: Some could link to Chinese roots because of its name: Hong Kong & Shanghai Banking Corporation + the largest shareholder of HSBC is Ping An (whose major owner is Central Huijin Investment = Central Communist Government)
- smcl 4y agoI see you're expanding your comment from "It's literally in the name", adding facts as you make your way through the wikipedia article (scaling back to just "chinese roots" when you realised it's headquartered in London, then adding Ping An + Central Huijin Investment).
- rvnx 4y agoYes because I got suddenly so many downvotes from users who didn't believe it was tied to China and thought it was a joke that I had to precise. But you are right.
- smcl 4y agoI think people took issue with the pretty extreme claim that it is an "arm of the CCP" - by now it is no secret and no surprise that the Chinese government have sizeable investments overseas. They're also the second-largest foreign holder of US treasuries if you wanna go wild with that one.
- rvnx 4y agoTrue, when the original commenter is claiming it's an arm of CCP it's wildly exaggerated. Thank you for sharing the view on US-treasuries, it is very interesting, and I didn't expect it to be that large portion.
- chrisjc 4y agoSent me down the rabbit hole. I knew that Japan, China, UK were there largest holders, but what an interesting list. https://ticdata.treasury.gov/Publish/mfh.txt https://ticdata.treasury.gov/Publish/mfh.txt I didn't expect to see Ireland in the top 10.
- unmole 4y ago> the largest shareholder of HSBC is Ping An With a whopping ~8% stake.
- rvnx 4y agoI'll offer 1 GBP for this.