HSBC Is in Talks to Sell $9 Billion Ping An Insurance Stake

HSBC Is in Talks to Sell $9 Billion Ping An Insurance Stake

Jerome Favre/Bloomberg

HSBC Holdings Plc is in talks to sell its $9 billion stake in Ping An Insurance (Group) Co., China’s second-largest insurer, as the U.K. bank sheds assets to revive profit growth.