All posts tagged: hsbc holdings plc

Analysts expect ‘stabilization’ in U.S.-China ties as Trump-Xi meet

Analysts expect ‘stabilization’ in U.S.-China ties as Trump-Xi meet

U.S. President Donald Trump and Chinese President Xi Jinping attend a bilateral meeting at the Great Hall of the People on May 14, 2026 in Beijing, China. Alex Wong | Getty Images News | Getty Images As the world watches U.S. President Donald Trump and Chinese leader Xi Jinping’s historic summit, analysts suggest it could mark a reset in ties between the world’s top two economies. The two leaders are expected to discuss a slew of thorny issues, including Chinese purchases of American agricultural and industrial goods, tariffs, Taiwan, and rare earths, with the backdrop of the war in Iran.  After nine turbulent years, the summit could mark a “defining test” for the world’s G2 power dynamic, said Justin Feng, Asia economist at HSBC, pointing out that the U.S., China, and European Union now account for 60% of global GDP. The summit builds on Trump and Xi’s meeting late last year in South Korea that led to a thaw in the trade war between the two countries, with Trump referring them as G2, sparking hopes …

HSBC spinoff: Bank’s top execs face tense shareholders in Hong Kong calling for a breakup

HSBC spinoff: Bank’s top execs face tense shareholders in Hong Kong calling for a breakup

Hong Kong CNN  —  HSBC’s top brass defended their strategy Monday to frustrated shareholders in the lender’s largest market, as Europe’s biggest bank continued to face calls to be split up. At an informal shareholder meeting in Hong Kong, Chairman Mark Tucker and CEO Noel Quinn took questions from investors on issues ranging from how the bank was approaching demands for an overhaul of its business to its purchase of Silicon Valley Bank’s UK arm. In prepared remarks, Tucker and Quinn each reiterated the board’s recommendation that shareholders vote against a resolution on the docket for its annual general meeting in May that would force the bank to come up with a plan to spin off or reorganize its Asian business — the lender’s main source of profits. Tucker said the board was unanimous in its opposition to the resolution, stating plainly: “It would not be in your interest to split the bank.” He said the board had previously reviewed a range of options for restructuring the bank, and concluded that such alternatives would “materially …