China just put foreign banks on notice: Creating an internal Communist Party committee could be the cost of doing business

by Boo_Randy

NYC banking houses funded Lenin’s Bolshevik revolution in Russia, and banksters and commies have always had a cozy relationship. Just look at the top donors for the Democratic Party.

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One of the world’s biggest banks, and Europe’s second-largest lender, is showing that it’s playing by China’s rules.

London-headquartered HSBC has become the first international bank to establish a Chinese Communist Party (CCP) committee, according to a new Financial Timesreport. China’s companies law requires firms to set up CCP committees, but this rule has been loosely enforced among global financial institutions—until now.


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