HSBC faces pressure to split after push from one of its largest shareholders
by Jasper Jolly from World news | The Guardian on (#5YQ70)
Chinese insurer Ping An discusses listing bank's Asian operations separately in Hong Kong
HSBC is facing pressure to break up after one of its largest shareholders told the UK-headquartered bank to consider spinning off its profitable Asian operations centred on Hong Kong.
Chinese insurer Ping An has discussed listing the Asian operations separately in Hong Kong, Bloomberg first reported. Ping An owns 8.3% of the bank, according to the latest public filings, a stake worth 8.2bn.
Continue reading...