LONDON—For nearly a year, HSBC HSBA 0.47% Holdings PLC has openly come under pressure from its top shareholder, Ping An Insurance Co., 601318 0.04% in a standoff that pits Europe’s largest ...

Ping An supplied most of that, 422 million yuan, which was down 21% year-on-year. By comparison, the company’s 243 million yuan from other, non-related customers was down by a milder 14.8% year ...