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Hong Kong/SINGAPORE -HSBC’s bosses will meet retail buyers on Tuesday in Hong Kong, the largest marketplace for Europe’s largest lender, searching for to persuade them their technique to function as a world financial institution is significant to boosting development.
The London-headquartered group is underneath strain from its largest shareholder, Ping An Insurance coverage Group Co of China Ltd, to discover choices together with spinning off its mainstay Asia enterprise to extend shareholder returns.
The casual assembly, which is able to focus on earnings and technique, comes a day after HSBC rejected the break-up name, reported forecast-beating revenue and promised chunkier dividends, sending its Hong Kong-listed shares to a one-month …
Carry on studying: HSBC aims to soothe HK investors after rejecting break-up call from Ping An
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