HSBC-Ping An Showdown Looms

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Ping An’s fight for an overhaul at HSBC comes to a head later today. HSBC shareholders are gathering for the annual general meeting to potentially decide whether to spin off the bank’s more profitable Asian operations. Stephen Engle reports on Bloomberg Television.
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It’s a fight between East Asian investors and non East Asian investors for the dividend payment and internal cash flow distribution

ariels
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How much money Evergrande owes from HSBC?

ACK
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HSBC should have been kicked out from Chinese market including HK, for selling out Meng Wanzhou.

godzillamothra