HSBC aims to pacify Hong Kong investors after rejecting break-up call from Ping An

Hong Kong/SINGAPORE :HSBC's bosses will meet retail investors on Tuesday in Hong Kong, the biggest market for Europe's largest lender, seeking to convince them their strategy to operate as a global bank is vital to boosting growth.

The informal meeting, which will 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.The lender's shares dipped 0.2 per cent in early trading on Tuesday ahead of the meeting, in a broader Hong Kong market that was down 3.0 per cent.

"Retail shareholders would welcome any proposals that change the status quo, or boost confidence of investors in management," said shareholder Ken Lui, founder of an HSBC shareholder group. A Hong Kong politician has also urged HSBC to appoint Ping An's representatives to its board, and move headquarters back to Hong Kong.

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