, Hong Kong
Photo courtesy of HSBC.

HSBC to meet Hong Kong retail investors after spurning break up call

This comes a day after HSBC promised higher dividends.

Bosses of HSBC will meet retail investors on Tuesday in Hong Kong, its biggest market, just a day after it rejected a proposal by stakeholder Ping An to break-of its Asian business.

The informal meeting comes a day after HSBC rejected the break-up call, reported forecast-beating profit and promised higher dividends in 2023, sending its Hong Kong-listed shares to a one-month high.

ALSO READ: HSBC profit after tax rose to $9.2b in H1

Ping An–which owns 8.23% of HSBC as of early February– has publicly said it supports all reform proposals that could help increase the long-term value of HSBC Holdings PLC .

Local investors are also reportedly calling for a change in strategy.

Here’s more from Reuters:

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