HSBC bosses and Hong Kong shareholders are set to meet on August 2 for the first time in more than three years. The informal meeting comes amid calls to break up its Asian business. Chairman Mark Tucker and chief executive Noel Quinn will host the meeting at the Kowloon Bay International Trade & Exhibition Centre on the day following its interim results. The Asia-focused bank's influential retail investors in the financial hub own around one-third of its shares and have not been able to meet the executives in person since April 2019 due to the pandemic. HSBC has been caught in the crossfire of the tension between China and the west. British politicians had criticised HSBC after a report that a Chinese communist party committee was set up at its local investment banking arm in Qianhai.
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