Tuesday, 4 December 2012

Yahoo! Philippines News - Latest Philippines News & International News Headlines: HSBC to sell stake in China insurer Ping An for $9.4 bn

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HSBC to sell stake in China insurer Ping An for $9.4 bn
Dec 5th 2012, 03:57

China's Ping An Insurance Group has recently been hit by controversyBritain's HSBC said it would sell its stake in China's second largest life insurer Ping An for $9.4 billion, as it looks to shift its focus back towards its traditional banking business.


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