HSBC to Sell $9.4B Ping An Stake

HSBC to Sell $9.4B Ping An Stake Play

HSBC Holdings Plc agreed to sell its stake in China’s Ping An Insurance (Group) Co. to Thai billionaire Dhanin Chearavanont for $9.4 billion as Europe’s biggest bank by market value moves to revive profit and boost capital.

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