Published by
Reuters UK
Reuters UK
By Anshuman Daga SINGAPORE (Reuters) -HSBC and Ping An executives plan to meet in mid-May to discuss the Chinese insurer’s proposal that the bank should explore strategic options such as spinning off its Asian business, a source familiar with the matter said on Wednesday. Ping An, the biggest shareholder in HSBC, called last week on the bank, which is headquartered in London, to look at ways to boost returns. The source declined to be identified due to the sensitivity of the situation. Ping An, which is China’s biggest insurance company, did not immediately respond to Reuters requests for comm…