Boost for HSBC as major Chinese investor Ping An increases stake


Source: theguardian.com theguardian.com

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Move halts slump in share price after money-laundering claims and US-China spat An HSBC branch in Shanghai. The bank is trying to balance doing significant amounts of business in the east and west. Photograph: Imaginechina Limited/Alamy Stock Photo An HSBC branch in Shanghai. The bank is trying to balance doing significant amounts of business in the east and west. Photograph: Imaginechina Limited/Alamy Stock Photo Mon 28 Sep 2020 18.36 BST Last modified on Mon 28 Sep 2020 18.50 BST HSBC has received a much-needed vote of confidence from its largest investor after China’s Ping An Asset Management increased its stake...