Comments by "May L" (@MeiinUK) on "The $170 Billion Collapse of China’s HNA Group" video.

  1. It's because they never "monetised" to this level before.... they don't follow a set procedures etc etc. So basically, what you experienced, is basically a "bank run". i.e. The bank ran out of cash. It's gone above its quotas. This is why they ran to another bank to withdraw etc.
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  2. Have you noticed that people don't get such news any more ? Prc has now done the utterly wrong thing of expanding their tech sector to bury two sectors into one. The worst is yet to come..... Even if you are a skilled engineer. You cannot find the company to work for to hold their stability.... This is insane. I thought that it was odd too with these various vertical integration which is common in the UK or Europe. But this is another level altogether. Cos he tries to be like Li Ka Shing. A lot of SE Asian holding companies are like that. You would think that a typical manager has an actual fiscal budget control ? They didn't even have that. It is all about sell and buy. I get these people don't even have the basic understanding of a set of books and account. I mean... Most people know how to run a household budget. What comes in. What goes out. Simple maths. What are they doing ??... And in such a large scale too.
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  3. It's not a Ponzi scheme. It's running like an imperial model. Is how I describe it. But.. it isn't structured like South Korean or Japanese companies. It should be so. But some people say that the current prc is really more like a Russian extension state than it is a Chinese dynasty. Which is true and true.
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  4. Too many high level chiefs and no Indians. That describes them the best. And now. They are training backwardly highly skilled individuals for very low pay. What do you suppose will happen ? Social unrest and mortgage defaults are happening. Fake coins to move money around is created. Even at this stage.. they refuse to reform their society... It's too late now.
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  5. They are crazy because they assume that many American companies must've been owned by Chinese or something since so many diaspora sent remittances back home. So... How is this fair or possible ? If they scam this way then it means that they are not accepting the idea that the world has other countries apart from themselves too.
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  6. This is utterly stupid. Cos you have indie people... doing their own thing.. like getting around a billion yuan for some weird farmers.. to stop sand storms.. and yet.. an airline.. cannot even raise this much. And to be fair and to be honest? Can the PRC raise money for an airline anyway when you have the newly built trains' infrastructures? It is not even necessary ? They're biting above their own weights... And with running an airline.. it is like the mobile industry as well. There are many more foreign players involved in the situation as well. More than they could really deal with. So...
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  7. "In these early days... the workers did not know how mortgages should work" ?? Are you kidding me? Are you serious ??? ......
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  8. They are not even backed by the Bank of China, are they? Or even ICBC... Right ? So how come, these individuals go above the national banks.. and the central banks... to borrow this way ? And do a "side way move" like that ? PRC should not have joined the WTO at all... and what is that World Bank individual doing ? They are controlling agriculture.. right ? What has HNA got to do with agriculture ? And wasn't HNA also involved in some kind of weird entertainment sector as well ? Does anybody DO any actual accountancy any more ?!!?! Chi sin !!!
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  9. Really ? Is this why HSBC got a bad rep in the USA? ... Anyway, HSBC was an actual British bank and not an American IB.....
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