Originally Posted by
moondog
HKSCC have substantial stakes in 交行.
I thought MOF still has majority stakes in all the Big4 plus the second tier banks too.
They do in Big4 but don't in Bankcomm (or CMB for the matter). But they still are the largest shareholder.
HKSCC "represents" HK retail investors who makes it very difficult to vote their shares
http://webb-site.com/articles/devoted2failure.asp (you don't even get corporate communications after putting shares in CCASS - it just appears as a number in your bank statement).
Originally Posted by
moondog
Negative. HSBC (itself a DCC pioneer!)
HSBC is determined to be The World's Local Bank, emulating the world's bad banking practices as well as good.