HSBC executives meet shareholders over breakup calls

Management pushes back at movement keen to spin off key Asian business

HSBC has announced the $10.1 billion sale of its Canadian unit as part of an international pullback, amid calls to spin off its Asian business. © Reuters

ECHO WONG, Nikkei staff writer

April 3, 2023 19:21 JST

HONG KONG -- Top HSBC executives met with shareholders in Hong Kong Monday as an activist investor issued a fresh call for the bank to spin off its key Asian business.

The gathering at an exhibition center in Kowloon Bay comes a month before HSBC holds its annual general meeting in the English city of Birmingham where investors will vote on a raft of resolutions.