Chinese insurer and bank’s largest shareholder will tell lender at its AGM next month to spin off Asian business

Ping An to demand HSBC boost dividend and commit to regular structural review


Chinese insurer Ping An will demand HSBC boost dividends to pre-Covid levels and commit to regularly reviewing its structure at its annual meeting next month, following calls to break off its Asian business.
HSBC’s largest shareholder is planning to support resolutions proposed by a group of retail investors on dividends and structural reform, which includes spinning off operations in Asia to boost returns, according to people familiar with the situation. Ping An declined to comment.
This story originally appeared on: Financial Times - Author:Emma Dunkley