HSBC faces pressure to split after push from one of its largest shareholders

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.

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HSBC, UK news, Banking UK news | The Guardian

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