HSBC Sells Ping An Stake for $9.4 Billion

HSBC Holdings Plc, Europe’s biggest bank by market value, agreed to sell its stake in China’s Ping An Insurance (Group) Co. to Charoen Pokphand Group Co. for $9.4 billion in its biggest divestment in at least 17 years.

Most Recent Videos

Yuan Depreciation `Biggest Risk' Facing China: Shen
22:19 - Feb. 2 -- Shen Jianguang, chief Asia economist at Mizuho Securities Asia Ltd., talks about the outlook for China's economy, currency and government policies. He speaks with Yvonne Man on Bloomberg Television's "First Up."
  • Raising a Glass To Aberdeen's Oil Men
  • Australian PM Fights for Political Survival
  • China PMI Shows First Contraction in Two Years