参考来源：FT中文
汇丰(HSBC)的最大股东(8.4%股份)中国平安(Ping An)加大力度要求汇丰进行分拆。平安主张，将汇丰的亚洲业务分拆出来，可将使其利润丰厚的香港业务摆脱全球其他地区的拖累，并创造250亿至350亿美元的额外市值。
HSBC’s largest shareholder Ping An, which owns 8.4 per cent of the stock of HSBC has doubled down on its campaign to break the bank up. Ping An clams that a spin-off of its Asian business would create between $25bn and $35bn of additional market value by releasing its lucrative Hong Kong operations from other areas.
要求汇丰进行分拆的主要原因是汇丰多年业绩不佳，以及在疫情期间暂停派息，平安感到失望并认为，随着美中地缘政治和贸易紧张升级，汇丰横跨东西方的立场是不可持续的。
Years of underperformance and the cancellation of its dividend during the coronavirus pandemic is where the agitation for a break-up starts. It has argued that HSBC’s position straddling east and west is unsustainable as US-China geopolitical and trade tensions escalate.
汇丰税前利润已超出分析师预期，汇丰预计，随着全球利率继续上升，未来18个月将出现60亿美元的利润。
Pre-tax profit beat analysts’ estimates and executives predicted a $6bn earnings windfall over the next 18 months as global interest rates continue to rise.
如果汇丰将亚洲业务的总部搬至香港，它可能失去美元清算牌照。自2000年以来，汇丰一直是香港唯一一家可以进行美元清算的结算机构，也是全球前五大跨境交易清算所之一。
HSBC would potentially lose of its US dollar clearing licence if it moved its Asian headquarters to Hong Kong. HSBC has been the sole settlement institution for dollar clearing in the city since 2000 and is one of the top five clearers of cross-border transactions globally.
然而，平安认为，汇丰近期的营收增长几乎全都依赖“阶段性、短暂且无法控制的大幅加息周期”，而且其“业绩欠佳的问题还未从根本上得到应对，急需激进改变”。
Ping An told management that almost all of its recent revenue growth was dependent on a “phased, shortlived and uncontrollable interest rate hike cycle” and that its “underperformance has not yet been fundamentally addressed and it is in urgent need of radical change”.
汇丰主席杜嘉祺(Mark Tucker)与持有该公司约三分之一股票的散户股东会面，认为“我行现有的结构是最好的结构”。并主张，分拆将是一项“极其复杂的操作”，以及对香港作为一个充满活力的国际金融中心也会产生负面影响。
Chair Mark Tucker met retail shareholders — which own about a third of the stock that a break-up would be a “hugely complex exercise” that would “negatively impact the ability of Hong Kong to remain a vibrant dynamic international financial centre”.
Brief
汇丰观点：能失去直接接触美元清算业务的资格，而且很难得到新的牌照
Potential loss of direct access to US dollar clearing and difficulty in securing a new licence
平安观点：分拆可能使汇丰摆脱对所谓的全球系统性重要银行(G-SIBs)施加的80亿美元额外资本金要求。
Could release the lender from $8bn in additional capital requirements imposed on so-called global systemically important banks (G-SIBs).
至于事件会如何发展，我们继续密切观察平安和HSBC之间的对话。