SINGAPORE : Bosses of HSBC will meet retail investors on Tuesday in Hong Kong, the biggest market for Europe's largest lender, as they seek to convince shareholders that their strategy to operate as a global bank is vital to boosting growth.
The informal meeting, held to discuss earnings and strategy, comes a day after HSBC rejected the break-up call, reported forecast-beating profit and promised chunkier dividends, sending its Hong Kong-listed shares to a one-month high. "Retail shareholders would welcome any proposals that change the status quo, or boost confidence of investors in management," said shareholder Ken Lui, founder of a HSBC shareholder group.
During the COVID-19 pandemic in 2020, the shareholder group urged HSBC to restore its dividend payment after cancelling it following a request to lenders by the Bank of England.
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