HSBC'S Financial Products Are In The Mire Of Investors.

Affected by the global economic downturn, HSBC Holdings, Europe's largest bank, can not escape the decline of its performance. HSBC Holdings announced that it had a pre tax loss of $858 million in the fourth quarter of last year, and expected a profit of $1 billion 950 million. After adjustment, the pre tax profit for the whole year was $20 billion 400 million, down 7% from the same period last year.

According to the annual report data, HSBC Holdings's fourth quarter loss last year was affected by both the contraction of the camp and the increase in operating costs. Data show that in the fourth quarter of last year, HSBC Holdings contracted 18% to 11 billion 800 million US dollars, while the fourth quarter operating cost was as high as 11 billion 500 million US dollars.

HSBC spokesman Gareth Hewett explained that the contraction in the fourth quarter was mainly due to net interest income slipping to $8 billion 100 million. Meanwhile, the loss of bad debt and risky bond business also increased by 32% to 1 billion 640 million dollars, making the annual loss of 3 billion 700 million US dollars, exceeding the analysts' expected $3 billion.

An investor from Shenyang, Yang Yun (pseudonym), told the news network that the two structured financial products purchased by HSBC in 2010 were almost zero after the expiration of three years. Not only that, Ms. Yang said the product sales manager of the bank suspected of exaggerating the product revenue, concealing the information that the product actually had lost during the period of its existence, which directly led to its failure to redeem in time, resulting in the loss expanded.

In the process of negotiation between Ms. Yang and HSBC Shenyang branch, the relevant person in charge of the bank acknowledged that there was a lack of services. However, the alleged violation of the product's net worth information was not explained.

In March 18, 2013, it was reported that Zou Xiansheng, an investor, bought two IPFD0030 and IPFD0033 products from overseas Chinese financial products of Shenzhen overseas Chinese town branch in HSBC in September 2007, and the products were worth 25 thousand euros and 30 thousand dollars respectively.

Public information shows that the IPFD0030 product is known as the "Euro product" linked to the "treasure source global Euro stock fund linked", which is entrusted to the overseas financial management. It has been commissioned for 2 years and expired in November 15, 2009. The fund raised by the product is invested in the structural bill issued by HSBC and linked to the overseas public offering fund.

However, 40% of the huge losses after the expiration date made Mr. Zou very unhappy. According to the reporter, "QDII products invest in overseas financial assets that meet relevant regulations and regulatory requirements. The performance of products is closely related to overseas markets. In the financial tsunami of 2008, financial institutions and investment products were greatly shocked and shocked. Our bank is very understanding of the customers' influence on these investment products.

But Zou Xiansheng believes that HSBC's related personnel even exist tampering with the risk assessment test results, resulting in the purchase of a self. Risk bearing capacity Products that do not match.

However, HSBC (China) denied by the financial weekly: "all sales documents of the relevant products are intact, and no unilateral change of customer risk test results has been found."

It is reported that Mr. Zou and HSBC in the matter, "have been", has been transferred to many banking supervision departments. "In the dispute with HSBC, I first complained to the Shenzhen banking regulatory bureau, then went to the Shanghai banking regulatory bureau of HSBC China headquarters, and finally went to Beijing Banking Regulatory Commission."

In April 21, 2012, according to the Qianjiang Evening News, HSBC just entered Hangzhou in 2007. Yan Yan, a investor, bought HSBC's offshore financial products for 10 million yuan because of its trust brand. The result was astonishing. Only about 3000000 yuan was left when the loss was the most serious, and now only about 5 million yuan is left.

It is hard for Mr yen to accept that the management fees of the fund, however good or bad, will be maintained regardless of the performance of the fund. Statistics show that the annual management fee of HSBC China Equity Fund is 1.25%, and the annual management fee of baring Hongkong China fund is 1.5%. According to Mr. Yan's investment proportion, the management fee paid in the first year will reach 142 thousand and 500 yuan. It is estimated that the management fee will be around 500 thousand yuan in 5 years.

In February 22nd, it was reported that HSBC said it expected the financial environment to become more volatile in the future. The group will continue to implement the strategic plan put forward in June with a focus on further expansion in China. But the bank added that the slowdown in China has also made the situation more challenging.

In June 2015, HSBC Holdings Announced that the strategic adjustment will be shifted to "Asian axis" to boost its business growth. Instead of mentioning the concept of "the world's local banks" in recent years, it has vowed to become "China's international bank", moving eastward to accelerate investment in Asia, especially China, and relying on the prosperous Pearl River Delta region, in line with the strategy of "one belt and one road" and Asian Investment Bank launched by the Chinese government, to achieve high growth in the future.

Prior to January 2014, it was reported that after the financial crisis in January 2014, HSBC focused its business focus on emerging emerging markets. After that, all along the way, trade financing and RMB business became the main focus of its business in China in recent years. Not long ago, HSBC had publicly stated that the "Overseas Service Department of Chinese enterprises" was set up in nearly 20 countries and regions.

However, in 2013, the growth of emerging markets represented by China rapidly cooled. Bet strategy Is facing a severe test.

In addition, according to industry sources, HSBC's private banking core business has been quietly evacuated to Hongkong, while the introduction of cross-border RMB pool is dare to take the lead, but it may still be in the stage of "losing money and making money". At present, the bottleneck of HSBC's growth is beginning to show.

According to reports, HSBC is currently laying more than 160 outlets in 51 cities. "The indirect cost of retail banking outlets decoration, staffing, rents and so on is too high, requiring a very long cost recovery phase." However, when retail banks turn around, private banks still fail to find a good model.

According to the above report, a person close to the regulatory authorities believes that all the assets management capabilities of all commercial banks are relatively weak. On the one hand, there are too many controls under the background of separate operation, which makes foreign banks' private banks lose their advantages and can not launch their fist. On the other hand, the shortage of high-end financial talents in China, the speed of customer growth is much faster than the speed of team building, and talent reserves are facing bottlenecks.