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Chinese regulators are reportedly set to reject HSBC's (HBC) deal to sell a 15.7% stake in Ping...

Chinese regulators are reportedly set to reject HSBC's (HBC) deal to sell a 15.7% stake in Ping An Insurance for $9.39B because the funding for the sale isn't yet in place. The sale would have allowed HSBC to book a massive gain on the insurer ahead of tougher capital rules.
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