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Banking giant HSBC is under pressure to split into two operations – one Asian and one European – from its largest shareholder, Chinese insurance company Ping An, reports the Financial Times. The paper says the conflict represents a worsening of HSBC’s geopolitical problems, with the bank “increasingly torn between China and the west”.

Financial Times Front Page 22nd of April 2025

China has cautioned that it will respond forcefully against any government deepening ties with the US, insisting its own strategic interests must be safeguarded and hinting at countermeasures should isolationist policies prevail, while the PM stays firmly set on cooperation with Western partners.

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