https://sg.finance.yahoo.com/news/hsbc-2019-profit-falls-33-041608066.html
HSBC has to retrench 35,000 staff and shed $100b to save itself now. HSBC has reaped what it sowed.
http://sg-stock.blogspot.com/2019/08/is-hsbc-on-chinas-unreliable-entity-list.html
Cathy Pacific has to ask its 27,000 staff to take unpaid leaves and expect a significant drop in its P&L.
https://www.scmp.com/news/hong-kong/transport/article/3051029/hong-kongs-flagship-airline-cathay-pacific-warns
Without jobs and salary reductions, these people's spending power will be greatly reduced and the HK economy will suffer.
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