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Breakingviews - Ping An's HSBC campaign fails the financial test

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Breakingviews - Ping An's HSBC campaign fails the financial test

It's nice to dream of a better world, but harder to make it happen. That's the challenge facing China's Ping An Insurance , . HSBC's , largest shareholder is pushing the global bank to spin off its Asian business. To make the separation worthwhile for investors, though, the carved-out unit would have to trade at an improbably high valuation.

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Breakingviews - Ping An's HSBC campaign fails the financial test

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