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East-West relations are a growing problem for HSBC Holdings, the bank with feet planted equally in each hemisphere. US-China tensions have steadily ramped up, but while geopolitical discord threatens HSBC’s business, splitting the bank into a version of HSBC East and HSBC West as its largest shareholder, Shenzhen, China-based Ping An Insurance (Group), has proposed is no solution. It would only add costs or destroy revenue. HSBC had answered the break-up question before Ping An raised it, by revealing more detail about how much of its Asian revenue comes from Western clients. Many of them would be less able or

Hong kongPing anUnited statesUnited kingdomPeter maDonald trumpMark tuckerPaulj daviesPaulj davies bloombergMeng wanzhouHong kong national security lawPing an insurance groupChina based ping an insuranceNational security lawHuawei technologiesNorth america