HSBC wraps up $9.4bn stake sale in Ping An
HSBC completed the sale of its entire stake in China’s Ping An Insurance Group this week, after getting approval from China Insurance Regulatory Commission (Circ). The deal marks the latest in a string exits from businesses the bank does not consider core to its strategy, and netted HSBC a chunky profit in the process.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts