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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 35.8 HKD | +1.56% |
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+14.93% | +1.27% |
| Apr. 24 | Hong Kong Stocks Surge on Upbeat China Outlook | MT |
| Apr. 24 | Nomura Adjusts Ping An Insurance’s Price Target to HK$54.41 From HK$54.12, Keeps at Buy | MT |
HONG KONG (Reuters) - HSBC Holdings shareholder Ping An has urged the lender to cut costs aggressively and exit sub-scale non-Asian markets as the Chinese insurer pushes harder for the bank to spin off its Asia operation.
HSBC should be "more aggressive in radically reducing costs" and consider layoffs, Ping An Asset Management, the bank's largest shareholder and a wholly-owned unit of Ping An Insurance, said in a statement on Friday.
(Reporting by Selena Li; Editing by Sumeet Chatterjee and David Goodman)
| 1st Jan change | Capi. | |
|---|---|---|
| +1.78% | 94.71B | |
| -20.65% | 77.24B | |
| +18.68% | 74.93B | |
| +6.69% | 30.04B | |
| +18.06% | 27.87B | |
| +4.32% | 26.97B | |
| -1.21% | 16.99B | |
| -9.10% | 15.16B | |
| +20.70% | 12.62B |
PING AN INSURANCE GROUP COMPANY 
