HSBC flags risk of Asian business demerger and value of current strategy 

Mark Battersby
clock • 1 min read

HSBC has flagged the risks of a demerger or spin-off of its Asian business in its half year results statements today (1 August).  The UK-headquartered global bank had been urged by shareholder Ping An Insurance Group Co of China to look at separating its Asian business to unlock greater value for shareholders. HSBC said external advisers had reviewed its strategy and, while the results of the review were shared with the board, they would not be made public. Chief executive Noel Quinn told Reuters on 1 August: "Look at the half-year results and you'll see the value of the current st...

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