HSBC Holdings Plc has stunned markets with a $12.4 billion USD proposal to acquire the remaining 37 per cent stake in Hang Seng Bank, a move that would fully privatise the Hong Kong lender and cement HSBC's dominance in Asia.
The deal—positioned as a strategic long-term bet on Hong Kong's role as a global financial bridge—has triggered sharp market reactions, with investors now split over whether to hold, sell, or buy into the volatility.
