HSBC shares rise as markets welcome Ping An's break-up proposal

HSBC shares rise as markets welcome Ping An's break-up proposal

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

Shares in HSBC Holdings gained on Tuesday after its largest shareholder, Chinese insurance giant Ping An, urged a breakup of the London-headquartered bank in a bid to improve returns.