Hsbc Share Discussion Threads

[supermarky] 03/4/2023 10:33

hopefully the bulls are taking control here again and we can look forward to a trip north

[spud] 01/4/2023 08:17

Guys, we've got what we've got for better or worse. Name calling, stirring the pot or whatever ain't going to change that. Unless someone's got a time machine, I suggest changing the record.spud

[mancman1] 01/4/2023 07:55

I enjoy intelligent discussion and debate - that is how I was educated many years ago.
I don't think it is possible to have that with you.


The basic point of the article from my perspective is that you can stay in the EU and trade with Asia. It seems to be foolish to think that there is a kind of binary decision on that. The Germans seem to be very good at it, and pretty proactive too.

You produced a single quote, but of course I could have produced another, but didn't.
"Almost 43% of the region's respondents preferred the EU as an alternative partner, well ahead of Japan, the UK and India."

As for filtering you - happily you don't appear as regularly on the boards I follow as those I have filtered. I may get a round tuit.

[geckotheglorious] 31/3/2023 22:16

Mancman1
Post 11337

"Asia is where ALL the growth is going to be". It is hard to take such stuff seriously. Time to filter I think.




Mancman1
Post 11346
"It always amuses me to be called a remoaner in love with the EU"


I guess you didn't filter after all!!!

As only I referred to you as a Remoaner.

As to:


LMAO, desperate or what....

"According to the survey, some 4.2% of Southeast Asian respondents thought the EU was the most influential economic actor in the region, up from just 1.7% last year"

[mancman1] 31/3/2023 18:57

I am not sure whether to be excited about this or not.

31st March 2022 the pound was worth 1.31, today it is 1.23
31st March 2022 the pound was worth 1.19, today it is 1.14

[coxsmn] 31/3/2023 17:07

The pound has surged to become the best performing currency among developed economies this year with the Bank of England expected to carry on raising interest rates.Sterling has gained 2.3pc against the dollar this year, ahead of all others in the so-called G10 group of major economies.

[mancman1] 31/3/2023 14:36

This can't possibly be true.

hxxps://www.dw.com/en/survey-eus-influence-surging-in-southeast-asia/a-64666700

[mancman1] 31/3/2023 13:39

It always amuses me to be called a remoaner in love with the EU. I voted no in 1975 and was undecided until very late in 2016. I voted remain because I felt the UK was far too integrated into the single market to leave without serious economic damage. I am more convinced now than I was then that we made a historic mistake.

Like pretty well every expert on overseas trade that I have come across I do recognise the continuing importance of geography. I also recognise that tariffs are less important these days than regulatory alignment.

It will be interesting to see how German trade with Asia fares in the future. I understand that it is already pivoting towards South East Asia away from China. I guess staying in the EU and successfully trading with Asia is a kind of cakeism. Meanwhile our libertarians celebrate the 0.08% increase in our GDP.

You couldn't make it up.

[supermarky] 31/3/2023 13:21

Yes, i cannot understand why they are so in love with their glorius EU. They would rather swallow broken glass than move on and see positive moves forward. They seem to see any positive news as an immediate negative as it doesn't fit in with their mantra of eternal sunshine in the amazing EU single market. The world has moved on and EU is a spent force full of regulations and living standards based on yesterday's glory. SE asia is running rings around the arrogant has beens in the EU. The UK is best to tilt towards SE asia and emerging powerful economies

[geckotheglorious] 31/3/2023 11:06

Supermaky

Remoaners like Mancman1 are oblivious to the changes that have occurred. Europe is no longer relevant, it is in terminal decline.

The "trading blocs" are forming around strategic necessity. Just as America is pivoting away from Europe - an ungrateful continent whose security it has guaranteed militarily for decades - so too should others follow.

Asia is where the future is.

Only deluded people around here are Remoaners who think Europe is still relevant. It isn't. It might still be a significant economic power collectively, but it is in decline. And the bureaucracy and halfwittedness over net zero(Cheap Energy underpins economic growth) will hasten said decline.

[supermarky] 31/3/2023 09:53

Are you crazy? Geographical position? Its never stopped the rest of the world trading. Look at all the stuff we buy from China for instance. You seem to bot understand anything about global trade in the modern era.

[geckotheglorious] 31/3/2023 09:08

Mancman1
Post 11337
"Asia is where ALL the growth is going to be". It is hard to take such stuff seriously. Time to filter I think.


Yawn whatever.

Lets compare the %% of World GDP now, Europe vs Asia.
And then revisit in 10 years time. Or 20 years.

Europe is in economic decline, demographically too.

Makes sense to pivot to where up top 50% of worlds population lives for starters!

[factsandfigures] 31/3/2023 07:13

HSBC Holding Plc’s chief executive officer Noel Quinn and other senior managers were accused in a London lawsuit of pressuring the bank’s staff to loan millions of pounds to a friend’s real estate firm, where Quinn’s daughter worked.

After Quinn and a senior manager intervened, HSBC gave Mar City Plc a £40 million ($49.3 million) credit facility and handed the couple behind the firm a £10 million personal loan to be channeled into the then AIM-listed company that faced a liquidity crunch in late 2014, lawyers for Tony and Maggie Ryan said in court filings.

The Ryans are seeking damages from HSBC for allegedly using the loans to effectively take control of the company and drive it into insolvency, lawyers for the couple said in the documents prepared for a High Court hearing this week. Quinn is accused of inducing his “long standing” friends to take the loan.

HSBC denies all the allegations. The accusations by the couple “are selective, inaccurate and incomplete,” the bank’s lawyers said. The inaccuracies in their “evidence are too numerous for HSBC to address each and every one.”

The Ryans don’t have any explanation on how the company could have been saved or how HSBC prioritized its own interest over Mar City’s, the lender’s lawyers said during the hearing on Wednesday. They offer “no explanations as to which assets of MCPLC were supposedly stripped,” Bridget Lucas, HSBC’s lawyer, said.

Quinn, who was head of Asia Pacific commercial banking at the time, denies telling Ryan that the loan management unit at the bank was “like the wild west,” the lender said in their court filing. A spokesperson for HSBC declined to comment further.

Ultimately, the homebuilder suffered financial difficulties and entered administration in 2016.

It’s the second attempt at winning the claim that was earlier shot down by a London judge. The Ryans won a rehearing after an appeals court said a previous judge should have withdrawn from overseeing the the case because a loan from HSBC to a hot yoga studio owned by Judge Nigel Gerald and his wife raised the “perception of possible bias.” There was no finding of actual prejudice.

The Ryans lost a ruling in June 2022 when Gerald viewed their allegations as having “no evidence” and an attempt to “blacken” the name of HSBC, according to the judgment.

HSBC asserts it repeatedly tried to help Mar City restructure, the ruling said.

[mancman1] 31/3/2023 07:09

Joining the CPTPP will boost GDP by 0.08%. Libertarian delusions I'm afraid a la Truss.
You can't change geographical location - except over millions of years.

[paulruss1] 31/3/2023 06:55

I was advocating to Britain to move east ten years ago. Why stick around in Europe which is slowly being eradicated from within and turning into a communist prison gor it's citizens. Britain will finally end up in the Brics if allowed in out of desperation

[mancman1] 30/3/2023 21:28

"Asia is where ALL the growth is going to be". It is hard to take such stuff seriously. Time to filter I think.

[largeronald] 30/3/2023 18:51

Not as many as in B. Johnson's government you can be sure.

[geckotheglorious] 30/3/2023 15:47

Wonder how many EU bureaucrats will be found to have had their hands in the till this time!

[ukneonboy] 30/3/2023 10:32

Not that it really matters but your previous statement is 100% untrue, Mr Donkey.

It is extremely well documented on ADVFN BOOHOO that my colleagues and I, including FACTSandFIGURES were aggressive "short-sellers" of Boohoo PLC shares all the way down from 370p

Finally, closing out the last of our "short" Boohoo CFD's at 32p and 33p back in late December 2022.

[factsandfigures] 30/3/2023 10:23

Given all the chatter over in Hong Kong, this year's Annual General Meeting should see quite a Far Eastern fireworks exploding

[geckotheglorious] 30/3/2023 08:51

Brucie5
Post 11327
"Hardly a victory given we had to lose the much larger 16 trillion dollar market just 30 miles beyond the Kent coastline"


Actually it is because Asia is where ALL the growth is going to be - economically, demographically. Europe is in decline, demographically, economically, much of it due to excessive bureaucracy and envy of success.

The world is changing. A Europe centric world is a bygone era.

$9trillion and rising (and freedom/independence) vs $16trillion and falling (and subservience to a bureaucratic EU Commission telling us what to do)

A massive victory.

Just a pity we wasted the last 6 years trying to get Brexit vote implemented because anti democratic fascists couldnt accept the vote result.