HSBC in talks to sell Ping An stake

HSBC is considering selling its $9 billion stake in Ping An Insurance.

HSBC in talks to sell Ping An stake
HSBC has been invested in Ping An since 2002

HSBC is considering selling its stake in Ping An Insurance, the bank’s second-biggest investment in China.

The British bank’s 15.57% stake in China’s second-biggest insurer is valued at more than $9 billion almost three times the $3.5 billion that HSBC is aiming to save by 2014.

It has been widely speculated that the bank plans to sell all of its 40% stake in Ping An’s Hong Kong-listed shares, which represents 15% of...

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