HSBC considering sale of Ping An stake

Global banking titan HSBC confirmed press speculation on Monday morning, saying that it is mulling a sale of its minority stake in Chinese insurance giant Ping An Insurance.

Global banking titan HSBC confirmed press speculation on Monday morning, saying that it is mulling a sale of its minority stake in Chinese insurance giant Ping An Insurance.

HSBC holds a 15.57% stake in Ping An, China's second-largest insurance firm by assets, which is worth an estimated $9.5bn.

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