Breakingviews - Ping An’s HSBC campaign fails the financial test
It’s nice to dream of a better world, but harder to make it happen. That’s the challenge facing China’s Ping An Insurance , . HSBC’s , largest shareholder is pushing the global bank to spin off its Asian business. To make the separation worthwhile for investors, though, the carved-out unit would have to trade at an improbably high valuation.
Breakingviews - Ping An’s HSBC campaign fails the financial test
It’s nice to dream of a better world, but harder to make it happen. That’s the challenge facing China’s Ping An Insurance , . HSBC’s , largest shareholder is pushing the global bank to spin off its Asian business. To make the separation worthwhile for investors, though, the carved-out unit would have to trade at an improbably high valuation.