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Quarterly pre-tax profit almost doubles as global rates rise but shares fall on conservative outlook
Noel Quinn tells FT’s Global Banking Summit that Chinese insurer’s demands not backed by other shareholders
Move follows pressure from bank’s largest investor Ping An to reduce costs
China’s biggest insurer says bank lacks Asia experience on board
International bank should attempt to sell Canadian business despite its profitability
UK-based bank is under pressure from its largest shareholder to focus on Asia
China’s largest insurer engaged in fight with HSBC as it tries to engineer break-up of bank
Plus, Brookfield’s next generation of leaders takes shape
Bank’s largest shareholder rejects executives’ 14 arguments against east-west split
Mark Tucker warns investors split would result in share-price drop and reduce dividends
Executives reject calls from Ping An to split business between east and west amid rising geopolitical tensions
Bank hires Goldman Sachs and Robey Warshaw to help construct case against splitting
The Ping An chair engineered an activist attack on HSBC, demanding the lender split its Asian and western operations
Bank is caught between Washington and Beijing
Largest shareholder adds to pressure on UK bank struggling to balance Chinese and western interests
Insurer’s net profit in 2021 fell 29 per cent to $16bn, its worst drop since 2008
Insurer reassures investors it has no exposure to debt-wracked developer
Chinese insurer’s first-half profits fall after $3.2bn hit on investment in property developer
Trouble in the sector could pose a systemic risk, with some participants too big to fail
China’s biggest insurer caught up in troubles of real estate group China Fortune Land
China’s second-biggest online lender faces struggles at home and abroad
Bank’s biggest shareholder raises holding despite Sino-US tension
Chinese insurer’s technology unit chief hired to boost Swiss group’s digital products
Years of scaling up should start paying off earlier than expected
Chinese insurer says outbreak has lowered sales but led to huge rise in users of its health service app
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