One of the largest shareholders of HSBC Holdings, it is now inclined to promote a gentle reorganization, rather than split this global bank giant.

According to the Wall Street Journal, Ping An of Ping An of China said on Tuesday (April 18) that it now believes that HSBC should not split its most profitable Asian business.In spin -off transactions, the shares of the subsidiary will be assigned to shareholders.Ping An of China is one of the world's largest insurance companies and the main shareholders of HSBC Holdings.

Huang Yong, chairman and CEO of Ping An Asset Management, said in a statement: "We recommend adjusting the original spin -off plan into a strategic reorganization plan." According to FactSet data, Ping An Asset ManagementThere are about 8.3%of HSBC.

This plan will allow HSBC Holdings to retain the controlling stake in a listed Hong Kong subsidiary.Ping An Asset Management said that this move can "completely solve HSBC's concerns, including but not limited to problems such as global value being damaged, operating costs soaring, and legal barriers."

For more than a year, Ping An of China has been urging HSBC Holdings to carry out thorough reform to boost the stock price. In recent years, the share of the stock has not been as good as many peers.

Huang Yong said: "We are extremely disappointed with HSBC management's consistent closed attitude towards all solutions."

HSBC's shareholders will be the annual shareholders of the year on May 5A vote on a motion at the conference, the shareholders' meeting will be held shortly after the bank announced the first fiscal quarter.The resolution requires HSBC Holdings to regularly promote structural reforms, including potential spin -off, and Ping An of Ping An expressed in principle to support the motion.

HSBC Holding Chairman Du Jiaqi urged investors to vote to oppose the motion earlier this month.HSBC Holdings said in a statement on Tuesday that the bank's leaders and external consultants agreed that "structural reforms will have a significant negative impact on value."

The bank said: "We still think that our current strategy is the fastest, the safest and most valuable way to achieve the current strategy."