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HSBC Set to Face Hong Kong Shareholders Amid Ping An Battle

  • Executives to meet retail investors for first time since 2019
  • Hong Kong investors are one of HSBC’s largest investor groups
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WATCH: Christine Fong, a Hong Kong politician who represents 500 small investors in HSBC stock, says the bank should move back its home base to the city.Source: Bloomberg

HSBC Holdings Plc executives and directors will do something next week that they haven’t done in three years: meet their Hong Kong shareholders face-to-face. The Tuesday meeting could be a tense one, with shareholders saying they’ll quiz the bank on dividends, relocations and the push from largest shareholder, Ping An Insurance Group Co., to consider a break-up.

Christine Fong, a Hong Kong politician who represents 500 small investors in HSBC stock, will attend. Fong supports Ping An taking board seats and for the bank to make Hong Kong its home base once again.