HSBC Chairman Mark Tucker & CEO Noel Quinn Rejects Investors & Ping An Insurance Call to Breakup, To Resume Dividend Payout in 2023 after Bank of Engl
4th August 2022 | Hong Kong
HSBC Chairman Mark Tucker & CEO Noel Quinn have rejected investors & Ping An Insurance (largest HSBC shareholder) call to breakup HSBC into a global unit & an Asia unit to manage the increasing divide between West & China, and announced plans to resume dividend payout in 2023 after the Bank of England had ordered to cease dividend payments in 2020 due to COVID-19. HSBC Chairman Mark Tucker: “Our strategy which is now two and half years into execution should put the bank on the path to deliver returns in 2023 at a level we have not achieved in the last 10 years. This return should help drive and increase the share price and have a positive impact on the dividend.” Ping An Insurance (largest HSBC shareholder): “ We note the demands expressed by a number of HSBC’s small and medium-sized shareholders. We support any proposal that is conducive to improving HSBC’s operating performance and enhances shareholder value.”
“ HSBC Chairman Mark Tucker & CEO Noel Quinn Rejects Investors & Ping An Insurance Call to Breakup, To Resume Dividend Payout in 2023 after Bank of England Ban on Dividend Payments in 2020 “
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