HSBC Overhaul 'Makes Sense,' Stock Remains a Sell: Citi's Ghose

The transcript discusses HSBC's restructuring plans focusing on Asia, particularly retail and wealth management. It highlights the challenges of deploying $100 billion in risk-weighted assets and the suspension of capital returns for 2020 and 2021. The market's concerns about the long-term profitability and the economic disruptions in Hong Kong and Greater China are addressed. The potential for future growth through organic investments and acquisitions in Asia, especially in the Pearl River Delta, is explored.

What has been the trend in HSBC's stock ownership since 2019?

What does the term 'pivoting back to Asia' imply for HSBC's future strategy?