HSBC's Top Shareholder Said to Support Breakup Push

The transcript discusses Pingfang's proposal to unlock value and address political issues by potentially restructuring HSBC. The proposal, driven by a major shareholder, could solve banking and political challenges but faces institutional resistance. Market reactions have been mixed, with comparisons drawn to Prudential PLC's similar strategy. The complexities of mergers and acquisitions, along with political implications for the UK and the City of London, are highlighted.

What example is given in the text to illustrate a similar situation to the Pingtan proposal?

What are some potential political considerations mentioned regarding the proposal?