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HSBC faces pay pressure and dividend fears from investors

Investor advisory firm urges shareholders to reject HSBC's pay plans, oppose chairman's re-election

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Shareholders, reeling from a 25 per cent fall in HSBC's share price over the last year, have given a proposal to buy back shares a lukewarm reception on fears that the bank's management has run out of ideas to support short-term growth.

London

PAY is not the only thing HSBC investors will challenge executives over at Friday's annual meeting in London. Calls for reassurance on dividends, Chinese expansion and succession planning are all set to feature.

Concerns about moving to Asia, which dominated last year's