HSBC to Meet Shareholders Amid Ping An's Push for Split

The video discusses the expectations for an HSBC meeting, highlighting the first face-to-face interaction with Hong Kong retail investors since 2019. It covers Ping An's push for a spin-off of HSBC's Asian business to be listed in Hong Kong, driven by the region's significant profit contribution. The video also reviews HSBC's strong financial performance in the second quarter, with rising interest rates and currency trading gains boosting profits. The restoration of quarterly dividends and a positive stock response are noted, along with CEO Noel Quinn's confidence in achieving a 12% return on tangible equity from 2023.

What are the expectations ahead of the HSBC meeting?

What significant shareholder movement is mentioned in relation to HSBC?

What was the outcome of the second quarter results for HSBC?

How has the stock performance of HSBC changed recently?

What is the projected return on tangible equity for HSBC from 2023 onwards?