Hong Kong top rich men is putting money to "save" HSBC

These top five riches men in Hong Kong: 李兆基, 長實 - 李嘉誠, 新世界發展 - 鄭裕彤, 華置 - 劉鑾雄, 新鴻基金融集團 are saying they will support the right issue of HSBC. They say they have confidence in the bank. However, they are big shot, they can get a lower commissions, so for the small investors, it may not be wise to follow them.

People suspect that so many rich guys are supporting HSBC, could it be supported by the mainland government. But the insider says, though mainland government is paying attention to the development of HSBC, as HSBC plays an important part for the Hong Kong to be financial center. But they will not interfere, at least at this moment.

HSBC drops 19% to $46.25. This is the second worst performance since 1987, where during 1987, the stock drop 21.69% in one day. Soon you will not only human, but dog ask for money on the street.

Click here for more HK information

Sponsored Links

Related Posts by Categories