Well, yes…..

Hundreds of senior employees at British banks HSBC and Standard Chartered have been members of the Chinese Communist Party, according to documents seen by the Daily Telegraph.

OK. They’re banks that work in China. And Hong Kong. We’d expect some number of the employees to be members of the local ruling party.

The revelation is likely to heap further pressure on the lenders,

Why?

Sure, the Communist Party contains some who actually are communists but where it’s the ruling party membership is often rather like Rotary. That’s just what ambitious youngsters join.

And?

15 thoughts on “Well, yes…..”

  1. The Rotary hasn’t murdered 70-100 million people Tim. Or executed dissidents and harvested their organs. Likewise an endless list of crimes and horrors.

    Membership of that gang of cocksuckers “to get ahead” marks anyone doing so as the shite-scum of the Earth.

  2. Ecks is right : we in “the West” have three major enemies in Russia, China and Iran. Russia and Iran we could probably starve into submission, but China is altogether more dangerous. It owns most of Africa, it is trying to buy Australia and Italy. It has managed to worm its way into the Estabishments of the UK and USA – Joe Biden is bought and paid for by the Chinese, he is truly the Manchurian Candidate.

    Members of the CCP are the advanced guard of their army in World War III, which we have already lost, without a shot being fired.

  3. The Rotary Club??

    “Some CCP members worked for British consulates. At the British consulate in Shanghai, one CCP member was a senior official whose duty included supporting visits by British officials to China. Another CCP member worked “near to a team of MI6 officers operating under diplomatic cover,” according to The Mail.”

  4. So Much For Subtlety

    Communist Party members are supposed to be disciplined and organised. They are supposed to follow orders. So if the Party asked for details of someone’s private business dealings, they can expect to get them. More interesting would be that many Communist Party members will require a Party branch. If the General Secretary of the branch wanted some policy and the bank wanted another, which would win?

    But that is probably an internal issue for the bank.

  5. @Ottokring – yep and neither Russia or Iran are a credible threat apart from to their immediate neighbours.

    I am not convinced that we’ve lost WW3 yet, China is unstable and vulnerable, 1.4 billion people take a lot of oppressing. A coordinated approach from the developed world could have them over a barrel.

  6. MC

    Agreed.

    Never forget that to feed and power itself, China needs dollars. As long as we live in a dollar world (and we do for the forseeable) they are immensely vulnerable to dollar starvation.

  7. Bjut MC and Recusant, it simply won’t happen.

    China has their man in the White House from January, their men in Ottawa, Atlanta, Melbourne and Adelaide as well as much of British academec

    China also owns much of the US debt. If the Yanks goof off paying their interest, then China will go under. But so will everyone else.

  8. Something like 6% of the population are members of the CCP. For anyone reasonably important it’s beneficial. Its absolutely no surprise that senior managers at big firms are party members, I’d be surprised if they weren’t. It doesn’t mean they are all plants spying and influencing for the government. Most of them probably couldn’t give a shit.

  9. Hundreds of senior employees at British banks HSBC and Standard Chartered have been members of the NSDAP, according to documents seen by the Daily Telegraph.

    Sure, the NSDAP contains some who actually are nazis, but where it’s the ruling party membership is often rather like Rotary. That’s just what ambitious youngsters join.

  10. Dongguan John,

    “Most of them probably couldn’t give a shit.”

    Yup. In all sorts of places, people will do some sort of token, low cost actions if it removes suspicions. Like Werner von Braun was a member of the Nazi party. Probably meant when he tried to get a job, it prevented delays in vetting. But he didn’t give a shit about nazism. So, why not spend whatever miniscule time and money it took to do it?

  11. So Much For Subtlety

    Yup. In all sorts of places, people will do some sort of token, low cost actions if it removes suspicions.

    I do not know what is involved in joining the Communist Party these days but in the old days it was not a token low cost action. It involved commitment and a lot of time. It also involved discipline. I bet the Chinese Communist Party did not give that bit up either. So people have to follow orders and toe the party line.

    Maybe the Nazi Party was the same. Or maybe Von Braun was making excuses after the war. It would be a little bit unusual if he did not notice the factory making his rockets killed more people than his rockets. But they were, you know, only Jews. To the best of my knowledge nowhere did he leave a written objection.

  12. I see the Rotary Club also installed control malware into vast numbers of private and government computers, including the US voting machines.

    And?

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