HSBC CEO on Sinking Profit, China Economy, Real Estate

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  • Опубликовано: 27 май 2024
  • HSBC Holdings Plc reported fourth-quarter profit fell 80% after taking unexpected charges on holdings in a Chinese bank and from selling its French retail operations. Chief Executive Officer Noel Quinn says he has strong confidence in the China economy and has been pleased by stimulus in recent months. He also discusses the China property market and why he de-risked on commercial US real estate. He speaks with Bloomberg's Francine Lacqua on "Bloomberg Daybreak: Middle East & Africa."

Комментарии • 50

  • @pondeify
    @pondeify 3 месяца назад +24

    this guy doesn't sound like a CEO, he sounds like a junior finance analyst

    • @orlinbobchev
      @orlinbobchev 3 месяца назад

      😂

    • @SSYlist
      @SSYlist 3 месяца назад

      He's simply more detailed

    • @pondeify
      @pondeify 3 месяца назад +1

      @@SSYlistclearly not where it counts otherwise he would have seen the disaster up front. CEO is supposed to sell a vision - he did none of that, just comes across as weak and hiding behind numbers.

    • @LanNguyen-vd4zt
      @LanNguyen-vd4zt 3 месяца назад

      Sound like your mom benefactor. Love them foreigner sausage

  • @kraz007
    @kraz007 3 месяца назад +7

    Francine is an excellent journalist

  • @jyap22
    @jyap22 3 месяца назад +3

    It is a disgrace that his remuneration doubles last year. There is something very wrong about that.

  • @headspaceandtiming2114
    @headspaceandtiming2114 3 месяца назад +4

    It’s all good according to this banker. “Just give me your money.”

  • @user-cy3il8vq1b
    @user-cy3il8vq1b 3 месяца назад +1

    Believe me I am trust you please don't again
    Thanks HSBC

  • @justsoso5863
    @justsoso5863 3 месяца назад +1

    The price is sharply down,why he feel good?

  • @press1to
    @press1to 3 месяца назад

    Very cristal explanations. Very good macro overview

  • @user-jx3qz7in7j
    @user-jx3qz7in7j Месяц назад

    HSBC's Entanglement with Mexican Drug Cartels
    In the early 2010s, HSBC, a 150-year-old institution that had weathered world wars, stock market bubbles, and the 2008 financial crisis, was rocked by a money laundering scandal that would become one of its lowest moments. HSBC had been aggressively restructuring, divesting unprofitable ventures, and centralizing its global operations. Although intended to streamline the bank, these changes indirectly weakened HSBC's compliance mechanisms.

  • @joyghosh8610
    @joyghosh8610 Месяц назад

    Trai act in India and SEBi shares I will check the Dow Jones the make the decision , I need the same things.

  • @louistan7560
    @louistan7560 3 месяца назад +3

    How much bonus will he be getting?

    • @tonytony241
      @tonytony241 3 месяца назад

      10mil

    • @louie5581
      @louie5581 3 месяца назад

      The remaining 20% of profits

  • @mariod.4809
    @mariod.4809 3 месяца назад +2

    Wonder how much cartel money is flowing through hsbc

  • @reel1tv587
    @reel1tv587 3 месяца назад +5

    Who is this guy think he's fooling 😂

  • @twoforty252
    @twoforty252 3 месяца назад +1

    not very convincing was it...

  • @joyghosh8610
    @joyghosh8610 Месяц назад

    Indian authorities and my last company Infosys have a part to play

  • @criticalwokeracisttheory4645
    @criticalwokeracisttheory4645 3 месяца назад +12

    This man is reading from a teleprompter with three CCP guys standing right beside him. China is collapsing.

  • @joyghosh8610
    @joyghosh8610 Месяц назад

    Victim of identity , I have approached the local branch to seek HSBC Legal help feom UK or HSBC Hong Kong,and asylum in Russia.

  • @goodcitizen5305
    @goodcitizen5305 3 месяца назад +1

    Good to know not to invest in HSBC

  • @user-ob4em4ge6c
    @user-ob4em4ge6c 3 месяца назад

    Home values will continue to decline for years. Boom, and bust.

  • @bfrandsen1
    @bfrandsen1 3 месяца назад

    no thanks

  • @shakthidhasan4544
    @shakthidhasan4544 3 месяца назад

    China housing market has bottomed out😂

    • @justsoso5863
      @justsoso5863 3 месяца назад

      So he means it’s time to buy? But PBOC still delivers policies to support the property markets

  • @user-bl9fj7kf1s
    @user-bl9fj7kf1s 3 месяца назад +13

    Only noobs still invest in China 😂

    • @eIectrostatic
      @eIectrostatic 3 месяца назад +10

      Only clueless noobs write comments like yours 😉

    • @ajayreddy8732
      @ajayreddy8732 3 месяца назад

      @@eIectrostaticactually he is right. China is a death trap for capital

    • @LanNguyen-vd4zt
      @LanNguyen-vd4zt 3 месяца назад

      @@eIectrostaticI would invest Chinese women, they love foreigner men.

    • @bulthaosen1169
      @bulthaosen1169 3 месяца назад

      ​@@eIectrostaticseriously how much do you get paid for spreading propaganda?

    • @antihypocrisy8978
      @antihypocrisy8978 3 месяца назад +2

      ​@@bulthaosen1169 Why do you ask this type of stupid question? Your brain can't handle information that counters your bias? Or is it because the US has a US$500m budget for anti China propaganda, so you assume China must have something similar?

  • @MetaView7
    @MetaView7 3 месяца назад

    Our Confidence in China is still Strong.