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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

HSBC faces pressure to split after push from one of its largest shareholders

HSBC Ping An Hong Kong Asia United Kingdom
HSBC headquarters in Canary Wharf, London
HSBC headquarters in Canary Wharf, London. The bank has increasingly found its itself pulled between UK and Asia, where many analysts believe its future growth prospects lie. Photograph: Reinhard Krause/Reuters

HSBC is facing pressure to break up after one of its largest shareholders told the UK-headquartered bank to consider spinning off its profitable Asian operations centred on Hong Kong.

Chinese insurer Ping An has discussed listing the Asian operations separately in Hong Kong, Bloomberg first reported. Ping An owns 8.3% of the bank, according to the latest public filings, a stake worth £8.2bn.

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