HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake

HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake


Key Points
  • Citing people familiar with the matter, Bloomberg said that “one option an internal team at the Chinese insurance giant is considering is further share sales, similar to the $50 million sale it disclosed last week.”
  • Ping An has butted heads with HSBC’s management in recent years, most notably supporting a shareholder motion in 2023 that sought to spin off its Asia business and establish fixed dividends.



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