HSBC proposes to privatize subsidiary Hang Seng Bank, valuing it at over $37 billion
Two HSBC bank logos are displayed on an office building in Mexico City, Mexico, July 25, 2025. Henry Romero | Reuters HSBC on Thursday announced it has proposed to privatize Hang Seng Bank, in which it holds a controlling stake, valuing the bank at more than 290 billion Hong Kong dollars ($37 billion). HSBC has…