HSBC Holdings’ largest shareholder Ping An on Friday urged the lender to aggressively reduce costs by cutting jobs and divesting peripheral non-Asian businesses, the first such public call by the Chinese financial conglomerate.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
