HSBC faces call to spin off Asia business with Hong Kong listing 

Mark Battersby
clock • 1 min read

Global banking group HSBC is under mounting pressure as Ping An argued that an independent Asia business listed in Hong Kong would have higher profitability, lower capital requirements and more autonomy to make decisions. Ping An wants HSBC to undertake an overhaul that would result in the market giving the bank more credit for its large Asian business, and make those operations less beholden to regulators in London. In a briefing note on 3 May, Susannah Streeter, senior investment and markets analyst Hargreaves Lansdown said: "HSBC shareholders are pretty sanguine today about the cal...

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