China Ping An pressured HSBC Holdings to restructure and quietly became an aggressive shareholder

$HSBC Holdings(HSBC.US)$ China Ping An pressured HSBC Holdings to restructure and quietly became an aggressive shareholder

Ping An of China has quietly taken on the role of an aggressive shareholder, pressuring HSBC Holdings to consider restructuring. This move may reshape this large global financial institution.
Ping An Insurance (Group) Co., Ltd. (Ping An Insurance (Group) Co. of China Ltd., 2318.HK, 601318.SH, abbreviation: Ping An China) has quietly taken on the role of an aggressive shareholder, pressuring HSBC Holdings PLC, 0005.HK, HSBC, for short, to consider restructuring. This move may reshape this large global financial institution.

China's financial giant Ping An first disclosed that it was the majority shareholder of HSBC Holdings in 2017. Currently, it is the largest shareholder of the British bank, holding more than 8% of the shares. Ping An of China wants HSBC Holdings to carry out a comprehensive restructuring, so that the market will give it a higher valuation based on the company's huge Asian business and reduce the restrictions on these Asian businesses by London regulators.