City Of London
HSBC Shareholders Dismiss Call for Strategy, Dividend Switch
- Most investors spurned resolutions proposed by Hong Kong group
- Annual meeting in Birmingham, England saw climate protests
HSBC offices in the Canary Wharf business, financial and shopping district in London.
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
HSBC Holdings Plc shareholders voted to reject proposals to shake up the bank that were put forward by a group of Hong Kong-based investors.
About a fifth of voting investors backed the call for HSBC to report regularly on the possibility of carving out its Asian unit, while 19.2% supported lifting its dividend to its pre-pandemic level, according to figures published Friday after the annual shareholder meeting.