The Board of HSBC Holdings plc (HSBC) decided to cancel the fourth interim dividend of US$0.21 per ordinary share, which was scheduled to be paid on Tuesday, 14 April 2020. It also decided that until the end of 2020, it will make no quarterly or interim dividend payments. Source: HSBC https://www.hsbc.com/

(i) According to the above announcement, identify the kind of risk management implemented by the HSBC. Why did HSBC make this decision?

(ii) Comment on the effects of the cancellation of the quarterly or interim dividend payments.

(iii) Would there be other methods that HSBC can use to handle its financial problem?