HSBC Executives Meet Local Investors in Hong Kong

The video discusses HSBC's current challenges with shareholders, who are calling for the spin-off of its Asian business due to perceived underperformance. Shareholders are also unhappy with past dividend suspensions during COVID. Concerns are raised about HSBC's rapid acquisition of Silicon Valley Bank's UK unit, questioning the due diligence process. Activist shareholders, including Ping A, are pushing for changes, but HSBC management is urging shareholders to reject these resolutions, highlighting their plans to restore dividends and improve performance.

What is the main reason some shareholders want HSBC to spin off its Asian business?

• To focus more on European markets

• To reduce regulatory scrutiny

• Due to underperformance of other operations

• To increase investment in technology

Why were shareholders concerned about HSBC's acquisition of Silicon Valley Bank's UK unit?

• The acquisition was too expensive

• The deal was completed too quickly

• It involved too many new employees

• It was not aligned with HSBC's core business

What opportunity did HSBC's management see in acquiring Silicon Valley Bank's UK unit?

• Extending reach into tech customers

• Expanding into European markets

• Increasing their real estate holdings

• Reducing operational costs

What percentage of shareholder votes is required for resolutions to pass at HSBC's AGM?

• 80%

• 75%

• 60%

• 50%

What is HSBC's plan regarding dividends in response to shareholder pressures?

• To maintain current dividend levels

• To lift dividends to 50% of total earnings

• To eliminate dividends entirely

• To reduce dividends to 25% of total earnings