HSBC CEO Dismisses Plans to Divest Non-Core Assets of Hang Seng

HSBC has been streamlining its banking structure over the past few years, including selling its retail banking operations in France and the United States, as well as its life insurance business in the UK. According to Ming Pao, HSBC completed the privatization of Hang Seng Bank in January. When asked by reporters about the possibility of divesting some non-core assets or businesses of Hang Seng, HSBC CEO Noel Quinn stated that there are no plans to dispose of these assets. He emphasized that all parts of Hang Seng are valued and appreciated by HSBC, and there remains significant room for coordination between Hang Seng and HSBC in specific areas.