Hong Kong’s interbank liquidity is falling toward its lowest level since the global financial crisis, as a wide gap between local and US interest rates forces the Asian financial hub to use frequent ...
Ping An calls for HSBC to separately list Asian arm in Hong Kong as it continues to push for restructuring
HSBC's biggest shareholder calls for the bank to remain a majority shareholder of a separately-listed Asia business Ping An has been calling in the past year for HSBC to consider changes to enhance ...
HSBC’s top shareholder calls for breakup, expressing ‘deep concern’
HSBC’s biggest shareholder called on the bank to create a separately listed Asian business headquartered in Hong Kong to fix what it sees as a lack of competitiveness. “It is necessary for HSBC to ...
Ping An raises pressure on HSBC to split off Asian business
Michael Huang, chair of Ping An Asset Management, said in a statement on Tuesday that although a split would involve initial costs, these should be “open-mindedly weighed against the benefits”. He ...
HSBC top shareholder renews call for breaking up of bank
HONG KONG, April 18 (Reuters) - Top shareholder of HSBC (HSBA.L) renewed its call for breaking up of the Asia-focused bank on Tuesday, saying the lender has failed to address key business model ...
HSBC investors should vote down break-up proposal, Glass Lewis says
HSBC investors should vote against proposals calling for a strategic review and dividend policy revamp, shareholder adviser Glass Lewis has said, deepening divisions between factions of the bank's ...
Divisions deepen among shareholders ahead of HSBC AGM
HSBC should separate its Asia business into a Hong Kong-listed entity, Ping An said, in an update to proposals it began urging last November calling for the bank to spin off its Asia business. The ...
Hong Kong’s leader rejects calls to drop property cooling measures after association head says decade-old curbs ‘prevent earth from spinning’
"Hong Kong's economy won't pick up right away and it will take some ... But their mission has been completed," he said. John Tsang Chun-wah, the finance chief at the time, introduced market cooling ...
Shareholder advisor tells HSBC investors to vote against break-up
Shareholder advisor Glass Lewis has recommended HSBC investors block two resolutions filed by Ken Lui's Hong Kong-based minority investor group, describing calls to break up the lender and revamp ...
Ping An to demand HSBC boost dividend and commit to regular structural review
Chinese insurer and bank’s largest shareholder will tell lender at its AGM next month to spin off Asian business ...
Ping An joins rebels in battle for HSBC break-up
The biggest shareholder in HSBC has stepped up its campaign to force a break-up of the FTSE 100 bank by backing a separate attempt by another group of rebel investors to split it in two.Ping An, a ...
Hong Kong Rises On Signs Of Consumer Comeback
Mainland markets underperformed Hong Kong, a dynamic that we have not seen in a while and ... PBOC Chair Yi Gang made statements at the IMF Conference regarding the reform of China’s banking sector.
HSBC shareholder Ping An to vote for bank’s break-up at annual meeting -source
HSBC's biggest shareholder Ping An is likely to vote in favour of splitting the bank up at its annual investor meeting on May 5, a source familiar with the Chinese insurer's thinking said on Monday.
Hong Kong consumption vouchers: eager shoppers welcome fresh round of spending credits but some say HK$5,000 value not ‘shocking’ enough
First of two tranches dished out on payment platforms from Sunday, giving users HK$3,000 in digital credit Foreigners in city on various talent and work admission schemes, or to study, also entitled ...