Ping An calls for HSBC break-up
FT News Briefing
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The Push for HSBC's Strategic Breakup: Financial and Geopolitical Implications
This chapter explores the controversy surrounding the push by a major Chinese shareholder for HSBC to split into two separate entities, one for Asia and another for Western markets. It highlights the motivations behind this proposal, including concerns over share performance and regulatory challenges, while discussing the potential advantages of a more Asia-focused banking approach.
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