HSBC’s break-up dilemma: why bank’s largest shareholder is pushing for change

South China Morning Post published this video item, entitled “HSBC’s break-up dilemma: why bank’s largest shareholder is pushing for change” – below is their description.

The past few years have not been smooth sailing for Asia’s biggest bank, but HSBC now faces one of its biggest dilemmas with pressure mounting from its largest shareholder, Ping An, to break up. Effectively, China’s biggest private insurer is calling for HSBC to split its Asia and western operations. Post senior business reporter Chad Bray unpacks the situation with Alkira Reinfrank, saying that after HSBC’s decision in 2020 to scrap dividends infuriated the bank’s legion of Hong Kong shareholders, this latest development is yet another example of investor strife.

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About This Source - South China Morning Post

The South China Morning Post (SCMP), with its Sunday edition, the Sunday Morning Post, is a Hong Kong-based English-language newspaper founded in 1903. It is Hong Kong’s newspaper of record, owned by Alibaba Group.

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