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☆ Hong Kong jails 45 democracy activists in landmark national security trial
▼ + stars: | 2024-11-19 | by ( ) www.cnbc.com time to read: +3 min

Police stand guard outside the West Kowloon Magistrates' Courts building before the sentencing against the 45 convicted pro-democracy activists charged under the national security law, in Hong Kong, China November 19, 2024. Hong Kong's High Court on Tuesday jailed 45 pro-democracy activists for up to 10 years following a landmark national security trial that has damaged the city's once feisty democracy movement and drawn criticism from the U.S. and other countries. A total of 47 pro-democracy activists were arrested and charged in 2021 with conspiracy to commit subversion under a Beijing-imposed national security law and had faced sentences of up to life in prison. The Chinese and Hong Kong governments say the national security laws were necessary to restore order after mass pro-democracy protests in 2019, and the democrats have been treated in accordance with local laws. Australia's Foreign Minister Penny Wong said she was "gravely concerned" about the sentence, and called on China to "cease suppression of freedoms of expression, assembly, media and civil society," in Hong Kong.

Persons: Benny Tai, Gordon Ng, Owen Chow, Penny Wong, Joshua Wong, Chow, Gwyneth Ho, Hendrick Lui, Elsa Wu Organizations: Hong, Authorities, Kowloon Magistrates Locations: Kowloon, Hong Kong, China, Hong Kong's, U.S, Beijing

☆ China policymakers' key challenge is presenting measures in a 'coordinated' way: Strategist
▼ + stars: | 2024-09-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina policymakers' key challenge is presenting measures in a 'coordinated' way: StrategistJason Lui, head of Asia-Pacific equity and derivative strategy at BNP Paribas, discusses the outlook for China's economy, saying policymakers' key challenge is presenting measures in a coordinated way so that the market gains more confidence.

Persons: Jason Lui Organizations: China, BNP Locations: Asia, Pacific

☆ World leaders are rallying behind Donald Trump after he survived an assassination attempt
▼ + stars: | 2024-07-14 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +7 min

Read previewLeaders across the world have come out in support of former President Donald Trump after he survived an assassination attempt at a rally in Pennsylvania on Saturday. AdvertisementIsraeli Prime Minister Benjamin NetanyahuIsrael's Prime Minister, Netanyahu, said that he and his wife were "shocked" by the incident and that they were praying for Trump's recovery. Advertisement"Although we don't yet know exactly what happened, we should all be relieved that former President Trump wasn't seriously hurt," he wrote on X. Indian Prime Minister Narendra ModiIndia's Prime Minister said he was concerned about the attack on his "friend" and strongly condemned the incident. Dutch Prime Minister Dick SchoofSchoof expressed relief that Trump's injuries were seemingly minor and wished him a quick recovery.

Persons: —, Donald Trump, Thomas Matthew Crooks, Crooks, Trump, Joe Biden, Barack Obama, Biden, Donald Trump’s, Jill, Kamala Harris Kamala Harris, Keir Starmer, Benjamin Netanyahu Israel's, Netanyahu, Sara, — Benjamin Netanyahu, בנימין, Justin Trudeau Canada's, Emmanuel Macron Macron, Volodymyr Zelenskyy Ukraine's, Barack Obama Obama, Trump wasn't, Trump wasn’t, … — Barack Obama, Olaf Scholz Olaf Scholz, Narendra Modi, Modi, Giorgia Meloni Meloni, il, degli, durante, pronta, …, Fumio Kishida Japan's Kishida, Shinzo Abe, Anthony Albanese Albanese, Albanese, Dick Schoof Schoof, Viktor Orbán Orbán Organizations: Service, FBI, Business, Secret, Trump, UK, Indian, Narendra Modi India's, Italian, Dutch Locations: Pennsylvania, Bethel Park , Pennsylvania, Canada, France, Israel, Ukraine, America, Germany, dalla Pennsylvania, Mar

☆ Next leg of China's stock market rally will be more 'gradual,' strategist says
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNext leg of China's stock market rally will be more 'gradual,' strategist saysJason Lui, head of Asia-Pacific equity and derivative strategy at BNP Paribas, says "there could be a little bit of profit-taking as we get into the second half of the year."

Persons: Jason Lui Organizations: BNP Locations: Asia, Pacific

☆ Bubble tea: ChaPanda shares plunge in Hong Kong IPO
▼ + stars: | 2024-04-23 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

The company, also known as Chabaidao or ChaPanda, had priced its shares at $17.50 Hong Kong dollars ($2.23) apiece, but they plunged as low as $10.80 Hong Kong dollars ($1.38) in the first two hours of trading on the Hong Kong stock exchange. Bubble tea (also called “black pearl tea” or “boba tea”) originated in Taiwan in the 1980s, but has since found millions of devotees around the world. In January, two of China’s most popular bubble tea brands, Mixue Group and Guming Holdings, applied for IPOs on Hong Kong’s stock exchange. Another Chinese bubble tea maker, Nayuki, has lost 88% of its stock market value since going public in Hong Kong in 2021. “The overall turnover and valuation of the (Hong Kong) stock market, which depend on the market liquidity, i.e.

Persons: Baidao, Frost, Frost & Sullivan, Robert Lui, “, ”, Laura Organizations: London CNN —, Hong, Frost &, China, Franchise Association . Stock, Mixue, Guming Holdings, Deloitte Locations: Sichuan, Hong Kong, Chengdu, Taiwan, China, Hong, Dealogic, Shanghai, Shenzhen

☆ Ukraine's Zelenskiy Slaps Sanctions on 108 People, 37 Russian Groups
▼ + stars: | 2023-11-18 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +3 min

By Maria Starkova and Elaine MonaghanLVIV, Ukraine (Reuters) - President Volodymyr Zelenskiy has sanctioned 37 Russian groups and 108 people including a former prime minister and a former education minister and said he aimed to fight wartime abductions of children from Ukraine and other "Russian terror". Zelenskiy did not associate specific individuals or groups with particular wrongdoings. The decrees showed a range of 10-year penalties against individuals and five-year penalties against non-profit groups including one named in English as the "Russian Children's Foundation." Some of the newly-sanctioned people, which included many with Russian citizenship, had previously been punished with separate or similar penalties. The sanctioned Russian groups included several whose names or websites indicate they work with children.

Persons: Maria Starkova, Elaine Monaghan, Volodymyr Zelenskiy, Zelenskiy, Dmytro Tabachnyk, Mykola Azarov, Viktor Yanukovich, Azarov, Sergei Aksyonov, Leonid Pasechnik, Putin, Kvartal Lui, Maria Lvova, Vladimir Putin, Sofia Lvova, Alexander Lukashenko, Zelenskiy's, Franklin Paul Organizations: Reuters, Russian Children's Foundation, Russian, Kyiv, Criminal, Lvova, Yale University, State Department, National Security, Defence Council Locations: Elaine Monaghan LVIV, Ukraine, Russia, Kyiv, Russian, Crimea, Luhansk, Ukrainian, The Hague, Belarus, Putin, Washington

LVIV, Ukraine, Nov 19 (Reuters) - President Volodymyr Zelenskiy has sanctioned 37 Russian groups and 108 people including a former prime minister and a former education minister and said he aimed to fight wartime abductions of children from Ukraine and other "Russian terror". Zelenskiy did not associate specific individuals or groups with particular wrongdoings. The decrees showed a range of 10-year penalties against individuals and five-year penalties against non-profit groups including one named in English as the "Russian Children's Foundation." Some of the newly-sanctioned people, which included many with Russian citizenship, had previously been punished with separate or similar penalties. The sanctioned Russian groups included several whose names or websites indicate they work with children.

Persons: Volodymyr Zelenskiy, Zelenskiy, Dmytro Tabachnyk, Mykola Azarov, Viktor Yanukovich, Azarov, Sergei Aksyonov, Leonid Pasechnik, Putin, Kvartal Lui, Maria Lvova, Vladimir Putin, Sofia Lvova, Alexander Lukashenko, Zelenskiy's, Elaine Monaghan, Franklin Paul Organizations: Russian Children's Foundation, Russian, Kyiv, Criminal, Lvova, Yale University, State Department, National Security, Defence Council, Franklin Paul Our, Thomson Locations: LVIV, Ukraine, Russia, Kyiv, Russian, Crimea, Luhansk, Ukrainian, The Hague, Belarus, Putin, Washington

☆ Why Napoleon Still Has Star Power
▼ + stars: | 2023-11-09 | by ( David A. Bell | ) www.wsj.com time to read: +1 min

Everywhere him!” When Victor Hugo published his poem “Him” (“Lui”) in 1827, no one could doubt the identity of the “him” in question. Six years after Napoleon Bonaparte ’s death, and just 12 after his final defeat at Waterloo, his presence still loomed massively over the Western world. When Hugo wrote his poem, and for decades afterward, opinions about Napoleon tended to divide along the lines first set during his rule. It could hardly have been otherwise, given his enormously disruptive impact on the Western world. Here was a man who in 1799, when just 30 years old, seized dictatorial power in a coup and five years later crowned himself emperor of the French.

Persons: “, Victor Hugo, “ Lui ”, Napoleon Bonaparte ’, Ridley, Napoleon, Joaquin Phoenix, Hugo Organizations: Waterloo Locations: ”

Hollywood jumped into planning mode Thursday at the news of a tentative agreement between striking actors and the major entertainment companies. Just hours after the tentative agreement was announced, “The Marvels” star Iman Vellani was already being offered to press for interviews. The Walt Disney Co. movie, which cost over $200 million to produce, opens this weekend with showtimes starting as early as Thursday afternoon. Searchlight Pictures also started actively planning things for Michael Fassbender, who stars in Taika Waititi's “Next Goal Wins,” out next week. Brunson’s writing team had already been back in the room, but the strike’s suspension clears the way for filming.

Persons: Hollywood, what's, Iman Vellani, Michael Fassbender, ”, Timothée Chalamet, Wonka ”, Jason Momoa, publicists, Joe Biden, ” Biden, “, they’ve, Gavin Newsom, Simu Liu, “ Barbie, ” Lui, “ Bravo, ” Albert Brooks, Rob Reiner, “ Albert Brooks, Max, ” Brooks, ” Octavia Spencer, ” “ Abbott, Quinta Brunson, “ we’re, Justine Bateman, Priscilla ”, “ Ferrari, Bradley Cooper’s Leonard Bernstein, “ Maestro, Carey Mulligan, Emma Stone, Mark Ruffalo, Jeffrey Wright, Ridley Scott’s “ Napoleon, Joaquin Phoenix, Martin Scorsese’s, Leonardo DiCaprio, Lily Gladstone, Robert DeNiro, Alexander Payne’s “, Paul Giamatti, Annette Bening, Jodie Foster Organizations: Walt Disney Co, showtimes, Searchlight Pictures, Screen Actors, American Federation of Television, Radio Artists, “ SAG, SAG, HBO Locations: California, Venice

☆ Opinion: My country abolished the death penalty. So can yours
▼ + stars: | 2023-10-29 | by ( Opinion Elbegdorj Tsakhia | ) edition.cnn.com time to read: +7 min

He is commissioner of the International Committee against Death Penalty (ICDP). When I entered office in 2009, I quickly came to realize that use of the death penalty in Mongolia had been arbitrary, secretive and cruel. By the end of 2022, more than two-thirds of the world’s nations had done away with the practice, according to the Washington, DC-based Death Penalty Information Center. Research from Amnesty International found no evidence that the death penalty deterred crime more than life imprisonment. When I became Mongolia’s president, five crimes were eligible for the death penalty: two forms of terrorist attacks, sabotage, rape and aggravated murder.

Persons: Tsakhia, Read, Tharman Shanmugaratnam, it’s, who’s, Elbegdorj, –, Lui Tuck Yew, Tharman Organizations: International, CNN, International Covenant, Civil, Political, Amnesty, Central African, Research, Amnesty International Locations: Mongolia, Singapore, Washington, DC, Kazakhstan, Papua New Guinea, Sierra Leone, Central African Republic, Iran, Saudi Arabia, China, Thailand, Malaysia, United States

☆ The culinary delights hidden inside Hong Kong’s markets
▼ + stars: | 2023-10-20 | by ( Maggie Wong | ) edition.cnn.com time to read: +11 min

Hong Kong CNN —Offering everything from Michelin-endorsed dim sum to juicy smoked goose served in a world-renowned restaurant, Hong Kong is home to some of the finest culinary experiences on the planet. But don’t fret – we have put together a list of eight top-quality Hong Kong markets along with some of the best dishes to try. Queen Street Cooked Food MarketQueen Street Market serves some of the most authentic Chiuchow -- a regional Cantonese cuisine -- dishes. Maggie Wong/CNNA foodie haven in the north of Hong Kong, Yuen Long is a hub for both modern and traditional eateries. The relatively run-down look of the Fa Yuen Street Cooked Food Market inside only adds to the charm.

Persons: ”, Lui Ka Chun, Kongers, Lui, “, Wai Kee, Maggie Wong, Kau Kee, ngau, jyu beng, Kan, Hong Kong’s, Lok Yuen, yuen yeung, Tsang Kee, Chan Chun Kee, suckling, Tai Po Hui, Lam Kee, Tung Kee, Ping Kee, Ng Zai Kee, Bon, Tsun, CNN Kwun, Long, Tim Kee, Yuen Long, it’s, Kee’s, Fa, Mui Kee Congee, Shau Kee Wan Organizations: CNN, Hong Kong CNN, Michelin, Lok, Market, Queen, Thai &, Thai & Vietnam Cuisine, ABC, Tai Po Hui, Food, hawker, Hong Kong’s, Fa Yuen, Kitchen Locations: Hong Kong, Hong, hawker, Kong’s, Kan Kee, Kowloon City, Kowloon Walled City, Lok, Beijing, Thai, Thai & Vietnam, Tai Po, New Territories, Shanghai, Kwun Tong, CNN Kwun Tong, Kowloon, Sichuan, Yuen, Mong Kok, Aldrich, Aldrich Bay, Shau

☆ What Happens When an Artist’s Technology Becomes Obsolete?
▼ + stars: | 2023-10-17 | by ( Evan Moffitt | Daniel Terna | ) www.nytimes.com time to read: +2 min

Many of CTL’s clients are museums looking to restore works by a single artist, the video art pioneer Nam June Paik, who died in 2006. Known for his sculptures and room-size installations of flickering CRT monitors, Paik began visiting the shop in the 1970s on breaks from his studio in nearby SoHo. Paik’s work was on view, along with video works from dozens of other artists, in “Signals,” a sweeping exhibition at the Museum of Modern Art in New York earlier this year. Many pieces in the show, such as those in the video collectives section, played on boxy Sony CRT monitors, long favored by artists for their austere, stackable design, and which stopped being produced in the 2000s. “I had to tell security, ‘Pretend these are Donald Judds,’ because they’re basically priceless at this point.”

Persons: Tien Lui, Lui, Nam, Paik, ”, Stuart Comer, “, Donald Judds Organizations: CTL Electronics, Museum of Modern Art, eBay, MoMA Locations: Lower Manhattan, Taiwan, SoHo, New York

☆ Eggplant Extravaganza
▼ + stars: | 2023-08-17 | by ( Tanya Sichynsky | ) www.nytimes.com time to read: +2 min

has a bumper crop!” — AmyIf you find eggplant inedible, either because of its texture or taste, you want recipes that use up as much produce as possible while making it largely undetectable. In Kay Chun’s eggplant and bean chili, eggplant is simmered in a garlicky tomato sauce until it collapses into a chile-spiced ragù. Pairing stewed eggplant with aromatics and protein-packed legumes is a solid strategy: Kay does it again in her recipe for eggplant dal, in which cumin, coriander, garlic, ginger and fresh chile season lentils and eggplant. Bitter eggplant is often undercooked eggplant. And if you’re frustrated with the results of sautéing and baking, try steaming: In about 10 minutes, strips of eggplant are rendered silky in Hetty Lui McKinnon’s recipe for liang ban qie zi, eggplant with garlic, ginger and scallions.

Persons: I’ve, Amy, Kay, — Kay, you’re, Hetty Lui McKinnon’s

☆ Crispy Rice, Spicy Tuna, Easy Dinner
▼ + stars: | 2023-08-16 | by ( Mia Leimkuhler | ) www.nytimes.com time to read: +2 min

Speaking of smashing things (and having rough days) — here’s Hetty Lui McKinnon’s recipe for crispy potato tacos. Also comforting — in that it’s built on a pantry staple and comes together in a half-hour — is Kay Chun’s linguine and clams with fresh red sauce. It’s the base for all sorts of easy desserts and beverages, like blueberry cream Popsicles and no-churn olive oil ice cream, Brazilian lemonade and Thai iced tea. And if I’ve sold you on the virtues of a rice cooker, here’s Wirecutter’s guide to the best rice cookers out there. My Zojirushi model has been going strong for over a decade; it sings “Twinkle, Twinkle Little Star” when it’s done doing its thing.

Persons: —, Hetty Lui McKinnon’s, Kay Chun’s, Dee, they’ll, Melissa, I’ve, it’s Organizations: New York Times

☆ 4 Easy Dishes That Embrace Everyday Vegetables
▼ + stars: | 2023-07-14 | by ( Hetty Lui Mckinnon | ) www.nytimes.com time to read: +1 min

It is impossible to separate vegetables from seasonality — especially at the height of summer — but you can be liberated from the anxiety of cooking certain vegetables at specific times of the year. There are enough causes of angst in the world; finding vegetables should not be one of them. These recipes are built on the hardworking, dependable vegetables we turn to most in daily cooking — the everyday produce that’s accessible, versatile, adaptable and practical. For vegetarian recipes like these, the presence of umami, or “deliciousness” as it roughly translates to from Japanese, is paramount. Umami is ultimately the difference between a dish that is good and one that is delicious — and these are undoubtedly delicious.

☆ Version française: 4e nuit de violences avant les obsèques de Nahel
▼ + stars: | 2023-07-01 | by ( ) www.reuters.com time to read: +4 min

Le ministère de l'Intérieur a annoncé que 1.311 personnes avaient été interpelées, un chiffre en forte hausse par rapport aux 875 de la nuit précédente, mais souligné sur Twitter que "les violences commises cette nuit ont été d'une plus faible intensité en comparaison à la nuit précédente". "Nous appartenons à la même communauté de foi", a ajouté une femme. Reuters a également pu constater que les accès au cimetière seraient bloqués pendant l'inhumation de Nahel. Jeudi, une marche blanche en la mémoire du jeune homme avait réuni plusieurs milliers de personnes. Reportage Gilles Guillaume, avec Noemie Olive et Tassilo Hummel à Nanterre et Marc Leras à MarseilleOur Standards: The Thomson Reuters Trust Principles.

☆ By recreating old photos, these children of immigrants step into their parents’ shoes
▼ + stars: | 2023-05-19 | by ( Jessie Yeung | ) edition.cnn.com time to read: +9 min

Visually recreating the archival photos allowed the subjects to step into their parents’ shoes — sometimes helping to mend fractures in those relationships, Lui said. Kyle Lui The series includes written reflections by participants that explore themes such as family, identity, race and nationality. Kyle Lui Some photos are taken in exactly the same place as the old ones, while others require a bit more creativity. Kyle Lui Alan's late father, pictured in front of an apartment building in New York's Chinatown. Kyle Lui Akil's father, pictured in a similar stance and setting — but with posters of reggae legend Bob Marley.

☆ HSBC shareholders to vote on whether to spin off Asia business at Friday's annual meeting
▼ + stars: | 2023-05-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

HSBC's senior executives faced its Hong Kong shareholders from retirees to taxi drivers as the lender seeks to fend off a push in Asia to split the bank. Last month, HSBC said spinning off its Asian business "would result in material loss of value for HSBC shareholders." "It's just a bank that has some great operations [in] Hong Kong, and other places. Shares of HSBC in Hong Kong were trading 0.6% lower on Friday. The annual meeting is scheduled to begin at 6 p.m. Hong Kong time.

☆ Activist shareholder Ken Lui on HSBC spin-off resolutions
▼ + stars: | 2023-05-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHSBC spin-off: Even if you don't support it, you shouldn't vote against it, says Ken LuiHSBC activist shareholder Ken Lui says he's confident that Resolutions 17 and 18 will be passed because they can stimulate the bank's share price.

☆ Hong Kong's IPO market expected to rebound in 2023, but the biggest one so far flopped in its debut
▼ + stars: | 2023-05-05 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Hong Kong's largest IPO so far this year flopped last week suggesting the market still needs time to rebound, despite positive signs pointing to a recovery. "The sentiment in the IPO markets has not built up yet," Ringo Choi, Asia-Pacific IPO leader at EY, told CNBC. We still need some time," said Robert Lui, Hong Kong offering leader of Deloitte China's Capital Market Services Group. Hong Kong's stock market was among the worst-performing last year, shedding 15% in 2022 for its third-straight year of declines. Chinese companies tend to launch secondary listings in Hong Kong as another venue to access investors and capital.

☆ HSBC faces down protests on strategy, climate at annual meeting
▼ + stars: | 2023-05-05 | by ( Lawrence White | ) www.reuters.com time to read: +3 min

BIRMINGHAM, England, May 5 (Reuters) - HSBC (HSBA.L) faced down opposition to its strategy and climate policy at a fractious annual investor meeting in Birmingham in England on Friday, including a shareholder proposal to spin-off its lucrative Asia business backed by major investor Ping An. Shareholder Lui questioned HSBC's board directly at the meeting on Friday, prompting the bank's chairman Mark Tucker to say criticism of the bank's performance showed "a fundamental misunderstanding of HSBC's business." HSBC's Tucker told the meeting that any break-up of the bank would undermine its global strategy and dent its revenue, repeating the bank's argument that it would be risky and costly. "So it would not be in shareholders' interests to split the bank," Tucker said. Like Barclays' investor meeting earlier this week, HSBC's event was repeatedly interrupted by climate campaigners singing songs, while one protester stood up at the front of the hall with a banner reading 'No more dirty coal'.

☆ HSBC defeats Asia spin-off proposal at investor meeting
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +1 min

LONDON, May 5 (Reuters) - Europe's biggest bank HSBC (HSBA.L) defeated a resolution from Hong Kong-based shareholders and backed by major investor Ping An to potentially spin-off its lucrative Asia business, the bank's chairman Mark Tucker said on Friday. Tucker told investors at the end of the annual investor meeting held in Birmingham in England that shareholders had backed the board in all resolutions. The special resolutions submitted by individual investor Ken Lui recommending the bank boost dividends and review its strategy were both defeated, Tucker said. A HSBC spokesperson said that apart from Ping An, none of the bank's top 50 shareholders voted against the board and a "strong majority" of retail shareholders also backed the lender. "The overwhelming majority of shareholders, excluding Ping An, have voted to draw a line under the debate on the structure of the bank," the spokesperson added.

☆ HSBC poised to see off Asia spinoff threat at crunch shareholder vote
▼ + stars: | 2023-05-05 | by ( Lawrence White | ) www.reuters.com time to read: +2 min

BIRMINGHAM, England, May 5 (Reuters) - HSBC (HSBA.L) is expected on Friday to defeat a proposal by Hong Kong-based investors, backed by its biggest Asian investor Ping An, which calls for the lender to consider spinning off its Asia business. HSBC has asked investors to vote against the proposals, saying they would destroy shareholder value, and so far no other big institutional investors have signalled they are in favour. Lui said he was only able to disclose he had met with Ping An and that they were supportive. HSBC tripled its profit in the first quarter as rising interest rates boosted its income, paying its first quarterly dividend since 2019. Reporting By Lawrence White, Additional reporting by Iain Withers, Editing by Keith WeirOur Standards: The Thomson Reuters Trust Principles.

☆ HSBC: the global bank faces off with divided shareholders
▼ + stars: | 2023-05-05 | by ( Michelle Toh | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —HSBC shareholders are expected to vote Friday on demands for a radical overhaul of the bank. Canvassing for supportBut Ken Lui, an activist shareholder in Hong Kong spearheading the resolution, told CNN he was confident his proposal would pass. Ken Lui canvassing for votes in Hong Kong in April. Courtesy Ken LuiThese shareholders have been unhappy with the bank previously scrapping its dividend in 2020, at the request of British regulators. HSBC shares were down about half a percent in Hong Kong afternoon Friday.

HSBC should separate its Asia business into a Hong Kong-listed entity, top shareholder Ping An said in an update to proposals it began to push for last November. Glass Lewis said the strategic review proposal, filed by individual shareholder Ken Lui in Hong Kong and backed by Ping An, was "not in shareholders' interest". HSBC also denied a claim by Ping An that the bank had "refused to verbally engage in discussions on the proposals". The lender has had extensive discussions with Ping An on these topics, a spokesperson for HSBC said. London listed shares in HSBC were down 0.5% on Tuesday afternoon, against a broad-based 1.3% rally in the STOXX European banks index (.SX7P).

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