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10.03 - 11:27
Inside the rift between HSBC and its top shareholder
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For nearly a year, HSBC has openly come under pressure from its top shareholder, Ping An Insurance, in a standoff that pits Europe’s largest bank against China’s largest insurance company.
The source of the rift dates back years, interviews with people familiar with the matter, including people familiar with developments at both companies, suggest.
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