How much of HSBC's profit are generated from US vs China ?
Chinese Economics Thread
- Thread starter Norfolk
- Start date
How much of HSBC's profit are generated from US vs China ?
None. Most of HSBC profit is made in Asia, but that also mean foreign companies would use HSBC to do business in Asia.
The problem with HSBC or any global bank is the USD license. US is being stupid in weaponizing the US dollar. Why not let your enemy use your USD, I mean they are literally supporting the US economy and US can keep printing USD.
The problem with HSBC or any global bank is the USD license. US is being stupid in weaponizing the US dollar. Why not let your enemy use your USD, I mean they are literally supporting the US economy and US can keep printing USD.
What happens next to America, we do not know.
The can collapse or make a full recovery from what ails them.
You are right that they are acting really weird.
This Ant Financial story, and how the United States wants to prevent it in some way, to prevent the IPO, that is just bizarre.
The Ant Financial IPO will be done in Shanghai and Hong Kong. The leg for the latter, they have Citigroup, JPMorgan Chase and Morgan Stanley all involved in it. This means like Mnuchin and Paulson are involved in it. The White House staff (past and present) is underwriting this deal, lol.
That means the United States government is looking into and threatening to take action against Citigroup, JPMorgan Chase and Morgan Stanley.
Be my guest.
That is all the CCP will say.
Also, we have to remember the usual American complaints.
They always complaining they want more reciprocity and a fair level playing field.
Here their financial firms are given a big piece of the business to the world's largest IPO in history.
And here the United States government wants to derail it in some way.
There is only one proper response from the CCP.
GTFO of here!
Shut up!
Pathetic! Pitiful! Shut up!
Bwahahahahahaha!!!
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I thought 80% to 90% of HSBC profit all from the China market. HSBC is the biggest bank in Europe too.
Hendrik_2000
Lieutenant General
Come on guys don't feed the troll Wasting you time and energy trying to talk senses in his head He is beyond curable unabashed slave There more important news in the world like this one old news but still relevant Now should be even larger percentage
Petroyuan’s stature grows on Shanghai exchange, helping world’s largest energy importer cut dependence
China’s plan to boost the status of its through the trading of yuan-denominated crude oil futures appears to be bearing fruit as the contracts grab market share from dollar-denominated products traded in hubs like New York and London.
According to Bloomberg Intelligence, the volume of crude oil contracts traded on the Shanghai International Energy Exchange (INE) accounted for 10.5 per cent of the global volume at the start of June compared to 6.2 per cent in the second quarter of 2018. The average daily trading volume of yuan-denominated crude oil contracts this month more than doubled to 162,053 lots compared to the daily average of 63,238 lots in 2019.
Analysts say that yuan’s use will increase alongside trading volumes on the INE rise as China spearheads a move to revive economic growth after the Covid-19 pandemic eases.
China has been striving to accelerate the pace of yuan’s internationalisation by liberalising the capital and futures markets over the past decade. As the world’s biggest net importer of crude oil, Beijing hoped to attract more international investors to participate in trading of the contracts on the INE, a move to widen the use of yuan in settlement of the most important source of energy.
“Traders appear to embrace yuan oil futures contracts, pricing them similarly to the Brent and West Texas Intermediate (WTI) benchmarks, signalling China’s burgeoning impact on global oil demand growth,” Henik Fung, an analyst with Bloomberg Intelligence wrote in a research report. “Increasing worldwide political conflict could limit Chinese investment, convincing domestic investors to embrace INE than New York Mercantile Exchange (Nymex) and Intercontinental Exchange (ICE).”
In March 2018, China launched the in Shanghai, inviting foreign traders for the first time to operate on the mainland’s commodity futures market. The contracts were designed to help China gain pricing power and internationalise the yuan, at a time when relations between Beijing and Washington were starting to strain.
However, the move was eyed with suspicion on the international oil market as there were some well-established global benchmarks, such as WTI and Brent, traded on Nymex and ICE, respectively. Crude oil sold in Asia is mainly priced against the Dubai, Oman and dated Brent benchmarks or Oman crude futures on the Dubai Mercantile Exchange.
Petroyuan’s stature grows on Shanghai exchange, helping world’s largest energy importer cut dependence
- Crude oil contracts traded in Shanghai accounted for 10.5 per cent of the global volume at the start of June compared to 6.2 per cent in the second quarter of 2018
- Traders appear to embrace yuan oil futures contracts, pricing them similarly to the Brent and WTI benchmarks, says analyst
China’s plan to boost the status of its through the trading of yuan-denominated crude oil futures appears to be bearing fruit as the contracts grab market share from dollar-denominated products traded in hubs like New York and London.
According to Bloomberg Intelligence, the volume of crude oil contracts traded on the Shanghai International Energy Exchange (INE) accounted for 10.5 per cent of the global volume at the start of June compared to 6.2 per cent in the second quarter of 2018. The average daily trading volume of yuan-denominated crude oil contracts this month more than doubled to 162,053 lots compared to the daily average of 63,238 lots in 2019.
Analysts say that yuan’s use will increase alongside trading volumes on the INE rise as China spearheads a move to revive economic growth after the Covid-19 pandemic eases.
China has been striving to accelerate the pace of yuan’s internationalisation by liberalising the capital and futures markets over the past decade. As the world’s biggest net importer of crude oil, Beijing hoped to attract more international investors to participate in trading of the contracts on the INE, a move to widen the use of yuan in settlement of the most important source of energy.
“Traders appear to embrace yuan oil futures contracts, pricing them similarly to the Brent and West Texas Intermediate (WTI) benchmarks, signalling China’s burgeoning impact on global oil demand growth,” Henik Fung, an analyst with Bloomberg Intelligence wrote in a research report. “Increasing worldwide political conflict could limit Chinese investment, convincing domestic investors to embrace INE than New York Mercantile Exchange (Nymex) and Intercontinental Exchange (ICE).”
In March 2018, China launched the in Shanghai, inviting foreign traders for the first time to operate on the mainland’s commodity futures market. The contracts were designed to help China gain pricing power and internationalise the yuan, at a time when relations between Beijing and Washington were starting to strain.
However, the move was eyed with suspicion on the international oil market as there were some well-established global benchmarks, such as WTI and Brent, traded on Nymex and ICE, respectively. Crude oil sold in Asia is mainly priced against the Dubai, Oman and dated Brent benchmarks or Oman crude futures on the Dubai Mercantile Exchange.
Yeah and with all the trouble HSBC has caused China they are going to be in some serious trouble.
with the rentier class, more specifically
Let me get hold of this.
You are telling me China should put more effort to seek better relation with West by letting West build military bases like Japan did & putting command-control of PLA in hands of US like South Korea did, because china's birth rate is plummeting despite having bigger population than Entire West combined while West is busy making sure the "rights" of abortion is properly protected .
Ohkayy
Watching this about high speed rail in the world, and how China built more high speed rail than the world combined.
But it hasn't always been the case, when Japan and France lead the way in the sixties.
Who was it that says China is building bridges to nowhere again?
But it hasn't always been the case, when Japan and France lead the way in the sixties.
Who was it that says China is building bridges to nowhere again?