Yes, a foreign international bank like HSBC standing high on the soil of our Chinese territory, HKSAR, must respect our Chinese sovereignty. How could HSBC let rumors about its listing in Shanghai and investments from CIC spread out without making full disclosure?
What are we waiting for? Is HSBC too big to regulate? Too big to fail like Bear Stearns, Freddie & Fannie? Too big to offend? Why are so many so-called defenders of corporate governance in Hong Kong turning a blind eye to what is happening about HSBC? Who must bear the responsibilities if investors suffer losses as a result of the unregulated spread of rumors and price manipulations of HSBC stocks?
Would someone tell us whether HSBC is pro-China or not? HSBC can't tell us that until they know everything but the market rumors seem to have all the details already. Who is spreading the rumors and the details? Speculators who want to profit from market manipulations? Honest investors who hope HSBC may find a light at the end of an unending tunnel? Or ... dissenters who want to split HSBC into pro-China and non pro-China camps? Or...simply the mass media who wants higher ratings?
In any event, HSBC must provide full disclosure of all relevant info relating to the rumors without further delay! Would someone ask the Hong Kong Stock Casino to suspend trading of HSBC until such full disclosure is made?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment