HSBC’s breakup would unlock a payout of up to £29bn, says Chinese shareholder

HSBC’s breakup would unlock a payout of up to £29bn, says Chinese shareholder

Chinese investor campaign to break up HSBC it believes the split would release up to $35bn (£28.6bn) in value to shareholders. Ping An, the Chinese insurance giant and HSBC’s largest shareholder, accused HSBC of “exaggerating” problems associated with the spin-off of its Asian business as the restored calls for division. The insurer estimates the change…