• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
A woman walks past the HSBC building with a red and white logo.

HSBC Faces Shareholder Vote on Proposed Business Split

05/05/2023
3rd Dairy Market Innovation Asia Pacific Summit 2025

Be Part of the 3rd Dairy Market Innovation Asia Pacific Summit 2025

06/20/2025
S.K.Singhi & Partners LLP Expands Global Legal Reach with LEXITS Platform and International Recognition

S.K.Singhi & Partners LLP Nominated for Go Global Awards 2025

06/19/2025
S.K.Singhi & Partners LLP Expands Global Legal Reach with LEXITS Platform and International Recognition

S.K.Singhi & Partners LLP Expands Global Legal Reach with LEXITS Platform and International Recognition

06/19/2025
Assist Export Bridges Global Markets with Strategic Trade and Consultancy Solutions

Assist Export Nominated for Go Global Awards 2025

06/19/2025
Assist Export Bridges Global Markets with Strategic Trade and Consultancy Solutions

Assist Export Bridges Global Markets with Strategic Trade and Consultancy Solutions

06/19/2025
Tariffs Lowered in New UK-U.S. Trade Agreement

Tariffs Lowered in New UK-U.S. Trade Agreement

06/17/2025
U.S. Signs Order to Implement Partial Tariff Reductions on UK Imports

U.S. Signs Order to Implement Partial Tariff Reductions on UK Imports

06/17/2025
Canada, U.S. Target 30-Day Timeline for Economic and Tariff Agreement

Canada, U.S. Target 30-Day Timeline for Economic and Tariff Agreement

06/17/2025
NUTRITECH NUTRITION: Leading the Fight Against Malnutrition in South Asia

Nutritech Nutrition Nominated for Go Global Awards 2025

06/20/2025
NUTRITECH NUTRITION: Leading the Fight Against Malnutrition in South Asia

NUTRITECH NUTRITION: Leading the Fight Against Malnutrition in South Asia

06/17/2025
FlavAir StyX from Denmark’s Considaret Clk Group Expands Worldwide with Natural Anti-Addiction Filters

Considaret Clk Group Denmark Nominated for Go Global Awards 2025

06/20/2025
FlavAir StyX from Denmark’s Considaret Clk Group Expands Worldwide with Natural Anti-Addiction Filters

FlavAir StyX from Denmark’s Considaret Clk Group Expands Worldwide with Natural Anti-Addiction Filters

06/17/2025
supplychainreport
Monday, June 23, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

HSBC Faces Shareholder Vote on Proposed Business Split

by Richie
05/05/2023
in Anti-Money Laundering (AML), Compliance, International Relations

YOU MAY ALSO LIKE

London Gala Champions Global Trade, FDI, and Dialogue

Liberia’s Lonestar Cell MTN Mobile Money Fined for AML/CFT Compliance Failures

HSBC, a major global bank with a focus on Asia, is encountering a shareholder vote on a proposal from its largest stakeholder, Ping An, advocating for the separation of the business to enhance returns. The vote is set to take place during the annual general meeting in Birmingham, central England, on Friday.

Despite the recent surge in quarterly net profit announced by the London-based bank, boosted by rising interest rates and its rescue of the UK arm of Silicon Valley Bank, Ping An contends that HSBC lags behind its international counterparts. According to Ping An, the bank’s improved performance is tied to increasing interest rates, which it believes have reached their peak.

This proposal comes in the context of global central banks making decisions on interest rates. The US Federal Reserve hinted at a potential pause in its policy of raising borrowing costs to address elevated inflation. Simultaneously, the European Central Bank delivered a smaller interest rate hike, acknowledging the impact of higher borrowing costs while expressing the need to address rising prices.

Michael Huang, Chairperson and CEO of Ping An Asset Management, emphasizes the necessity for HSBC to pursue structural reform to address underlying market competitiveness issues. Ping An proposes a “strategic restructuring,” envisioning the creation of a separately listed bank headquartered in Hong Kong while allowing HSBC to retain control over a distinct Asia-focused business.

Huang contends that HSBC’s management has overstated the costs and risks associated with the proposed split. HSBC, like many major banks, canceled dividends early in the COVID-19 pandemic, following guidance from the Bank of England. This decision, which displeased some Hong Kong investors, has led certain retail investors to support Ping An’s spin-off proposal. The outcome of the shareholder vote will shape the bank’s strategic direction amid these competing perspectives.

Stay informed on supply chain news at The Supply Chain Report. Free international trade tools are at ADAMftd.com.

#HSBC #PingAn #ShareholderVote #BankRestructuring #InterestRates #QuarterlyProfit #SiliconValleyBankRescue #FedPolicy #ECB #CentralBankDecisions #HongKongBank #StrategicRestructuring #AsiaFocusedBusiness #FinancialCompetitiveness #CorporateGovernance #BirminghamAGM #MichaelHuang #PingAnAssetManagement #BankingIndustry #FinancialReform #InvestmentDecisions

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.