Page 4 - Ping An News Today

(Reuters) - HSBC Holdings Plc's biggest Asian investor, China's Ping An Insurance Group Co, voted against the reappointment of departing chief executive Noel Quinn as a director at the bank's shareholder meeting, Bloomberg News reported on Saturday...

Chinas Ping An Insurance Group Co the biggest Asian investor in HSBC PLC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a...

(Reuters) - HSBC Holdings Plc's biggest Asian investor, China's Ping An Insurance Group Co, voted against the reappointment of departing chief executive Noel Quinn as a director at the bank's shareholder meeting, Bloomberg News reported on Saturday...

Ticker

A dovish US Federal Reserve and a gigantic share buy-back programme from Apple lifted Hong Kong stocks with sentiment remaining upbeat after China’s top policymakers signalled further support to economic growth.

HSBC has paid out large amounts of cash to investors over the past year as its profits have soared on the back of higher interest rates.

CEO is making a surprise exit after successfully slimming down the global bank and winning over its tough chair

Banking and insurance stocks boosted the Hang Seng Index close to bull market territory with the overall sentiment remaining upbeat following Beijing’s recent efforts to prop up stocks.

Noel Quinn (pictured) has overseen a transformation of the lender that included cutting 35,000 jobs and propelling it to record profits last year.

HSBC chief exec Noel Quinn (pictured), having spent seven months auditioning for the top job, has decided to quit after less than five years.