HSBC reported a 61 per cent jump in second-quarter net profit to US$5.49 billion. Photo: Sam Tsang
HSBC reported a 61 per cent jump in second-quarter net profit to US$5.49 billion. Photo: Sam Tsang

HSBC has overstated the challenges and risks involved in proposed spin-off, says source

  • A break-up of London-headquartered HSBC will generate US$25 billion to US$35 billion of value, says source familiar with Ping An’s thinking
  • Ping An believes the lender can find a solution to overcome the challenges relating to the spin-off

HSBC reported a 61 per cent jump in second-quarter net profit to US$5.49 billion. Photo: Sam Tsang
HSBC reported a 61 per cent jump in second-quarter net profit to US$5.49 billion. Photo: Sam Tsang
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