https://www.businesstimes.com.sg/banking-finance/hsbc-gets-the-cold-shoulder-in-china
It looks like HSBC is veering towards China's unreliable entity list because it has been excluded from the new loan participation.
HSBC has to do a lot of crisis management and damage control now because China is its major market. By setting up Huawei and letting HSBC account to be used to fund the HK protests, HSBC has proven itself to be anti-China and all these behaviours have to be corrected before China will trust HSBC again.
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