HSBC shareholders dismiss call for strategy switch

HONG KONG: HSBC Holdings Plc shareholders voted to reject proposals to shake up the bank that were put forward by a group of Hong Kong-based investors.

Indicative results from last Friday’s annual meeting showed that about a fifth of voting investors backed the call for HSBC to report regularly on the possibility of carving out its Asian unit, while 19.2% supported lifting its dividend to its pre-pandemic level.