HSBC faces scepticism as pushback against breakup call starts ...Qatar

HSBC Holdings Plc kickstarted its public fightback against Ping An Insurance Group Co’s push to break it up this week. The early indications are that the lender has a long way to go to convince some shareholders of its strategy. Amid chaotic scenes at a shareholder meeting in Hong Kong on Tuesday at which dozens of investors were turned away, protesters held up placards in support of Ping An as HSBC executives and directors got their first chance to make their case directly to stockholders. Chairman Mark Tucker and Chief Executive Officer Noel Quinn used the keenly awaited gathering to say the Chinese insurer’s Asian carve-out plan was unworkable and posed a major risk to the London-headqua

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HSBC faces scepticism as pushback against breakup call starts ...Qatar

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