Ping An had called on HSBC to engage in a "strategic restructuring" that would see it create a separately-listed bank headquartered in Hong Kong. Huang said the proposal would allow the bank to retain control over a separate Asia business, adding that management had "exaggerated many of the costs and...
Vote to decide HSBC split
The bank has urged shareholders to vote down the proposal.HSBC posts bumper profits
Its pre-tax profits touched US$12.9bn in Q1 of 2023.
