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What is the reason for HSBC's stock price plunging? What is the impact on the company after the crash?
Ponzi scheme has been around us since its birth. It is estimated that human beings will not perish, and we will never think about it, because human nature is greedy and will be cheated if we are not careful. However, what people didn't expect recently was that on September 20th, the British media reported that HSBC even knew that its customers were engaged in Ponzi scheme, and even allowed them to transfer tens of millions of dollars from the United States. As soon as the news came out, the whole market boiled, especially the stock market.

There are many similar pyramid schemes, but this year, many people in our country have been victimized by the ordinary foreign exchange platform, which fully takes advantage of investors' desire to make a lot of money without risk. Finally, this platform exploded this year, which made many investors lose their money. Now HSBC is helping MLM transfer funds. Such behavior really makes people angry and resentful. I wonder how many people's hard-earned money is in it? Anyway, this time, HSBC is completely discredited, but for us, HSBC is a very bad company. Since HSBC sold Huawei, I think this company should be banned in China. If it weren't for HSBC's betrayal of Meng Wanzhou, it wouldn't be under house arrest or even unable to return to China. This is a company that helps others and lies with its eyes open.

Forget it. Even if this incident is not counted, in 20 14, there was HSBC in the exchange rate manipulation case, so HSBC has always been questioned by people. Now that this has happened, HSBC's brand has been smashed. This is not only a decline in our reputation in China, but also a decline in the global reputation of HSBC.

Therefore, this incident led to a sharp fall in HSBC's share price, which will have a greater impact on HSBC's future business.