Hikvision Confuses 'Financial Market' With Chinese Government

What an oblivious statement:

"The loan’s size is an indication of how financial institutions view Hikvision’s sound financial record and credit rating, its innovation and sustainable growth. “The financial market clearly sees Hikvision as a successful company to get this approved,” [Hikvision's marketing person] said."

That financial institution here is the China Development Bank which is the Chinese government. So the Chinese government lent money to a Chinese government owned company - Hikvision.

So kudos to Hikvision for getting the $3.1 billion, but this is nothing to do with the general financial market and everything to do with Chinese industrial / economic policy.

And shame on these trade magazines to report on this and to not even mention that the CDB is owned by the Chinese government. Nice work Hikvision paying them off.

The weirdest behind the scene element is that we broke this story a full week before Hikvision reached out to the trade magazines. We asked Hikvision for comment before publishing but they declined. So IPVM broke the story, was read 10,000+ times already, and now Hikvision is scrambling to try to do damage control with a few trade mag articles.

And they want to equate the financing from the Chinese government with the 'financial market'. Just be honest, the Chinese government wants Hikvision to dominate the industry, as your chairman has already said, and is providing this money to fuel this goal.

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