HSBC (HBC) is in talks to sell its 15.6% holding in Ping An Insurance, China's second-largest...

|About: HSBC Holdings PLC (HSBC)|By:, SA News Editor

HSBC (HBC) is in talks to sell its 15.6% holding in Ping An Insurance, China's second-largest insurer, as the U.K. bank continues its strategy of selling non-core assets. Chinese analyst Wilson Li says HSBC can reinvest the proceeds in its organic business in China and generate a better return than the Ping An stake, which is worth $9.19B.