HSBC aims to soothe Hong Kong investors after rejecting break-up call from Ping An

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Reuters UK

By Selena Li and Anshuman Daga Hong Kong/SINGAPORE (Reuters) -HSBC’s bosses will meet retail investors on Tuesday in Hong Kong, the biggest market for Europe’s largest lender, seeking to convince them their strategy to operate as a global bank is vital to boosting growth. The London-headquartered group is under pressure from its largest shareholder, Ping An Insurance Group Co of China Ltd, to explore options including spinning off its mainstay Asia business to increase shareholder returns. The informal meeting, which will discuss earnings and strategy, comes a day after HSBC rejected the break…

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