Hong Kong retail shareholders revive HSBC spin-off call

Hong Kong retail shareholders revive HSBC spin-off call

People walk past a major branch of HSBC at the financial Central district in Hong Kong, China February 21, 2017. REUTERS/Bobby Yip

A group of HSBC’s Hong Kong-based retail investors are seeking support to demand the bank restore its pre-pandemic dividend and set a plan to spin off assets. HSBC “underperforms its peers, violates dividend commitments (and) ignores shareholders’ interests,” Ken Lui, convener of the group , said in a Thursday newspaper advertisement.