HSBC investors give Ping An break-up plan cool response

HONG KONG, May 3 (Reuters) – HSBC (HSBA.L) investors gave a break-up proposal by its biggest shareholder a lukewarm response on Tuesday, voicing concerns a split would prove complex with no guarantee of raising returns.Chinese insurance giant Ping An (601318.SS) has called on HSBC to explore options including spinning off its Asian business, where it earns two-thirds of its pre-tax profits, sources familiar with the situation said on Friday. read more HSBC’s Hong Kong shares closed up 2.6%, while its London-listed shares were trading 2.3% higher at 1553 GMT. Both bourses were closed on Monday for a holiday.Register now for FREE …
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