News Snapshot:
Home Latest News International Chinese insurer Ping An increases HSBC stake The news comes after, HSBC Holdings fell to a 25-year low last week amidst reports of growing tensions between the bank and China 8 SHARES In an indication that China’s stance to HSBC may be softening, Chinese insurer Ping An has increased its stake in the bank to 8%. According to a stock exchange filing the insurer increased its stake shares up from 7.95% – an additional 10.8 million shares, also further cementing its position as HSBC’s largest investor. According to the Sunday Times , a spokesperson for the...
