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Stock Market News

HSBC shares set to open steady after top shareholder calls for bank’s break-up

05/03/2022

Less than a minute

2022.05.03 04:51

HSBC shares set to open steady after top shareholder calls for bank's break-up
FILE PHOTO: A man walks past a HSBC bank branch in the City of London, Britain November 12, 2014. REUTERS/Stefan Wermuth

SINGAPORE (Reuters) – Shares in HSBC Holdings (NYSE:HSBC) were set to open flat in Hong Kong trade on Tuesday after its largest shareholder, Chinese insurance giant Ping An, called for a break-up of the London-based bank to boost its valuations.

The Hong Kong bourse was closed on Monday for a holiday.

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05/03/2022

Less than a minute