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Our conduct "I see the debate about the banks' dividends as a very short one: regulator tells them what to do and they comply – end of story," said one London-based institutional investor.The bank's retail investors have a good chance of forcing the EGM to happen, said Ed Firth, analyst at KBW in London.

Shareholders of a company with at least 5% of the total voting rights may require it to convene an EGM, according to Hong Kong laws.

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