_hsbc-shares-drop-3-in-hong-kong-amid-reports-of-ping-an-insurance-considering-stake-reduction.jpg "HSBC Shares Drop 3% in Hong Kong Amid Reports of Ping An Insurance Considering Stake Reduction from newspapers sales Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:39
👁 View: 255K times
✓ Published: 18-May-2024
👁 View: 255K times
✓ Published: 18-May-2024
Description:
Shares of HSBC fell over 3% in Hong Kong after reports that its top shareholder, Ping An Insurance, may look to reduce its stake in the bank. Citing unnamed sources, Bloomberg reported Ping An is considering options to trim its $13.3 billion position in HSBC, including further share sales. Last week, Ping An disclosed the sale of HSBC shares, reducing its stake slightly from just over 8% to about 7.9%. Ping An was previously at odds with HSBC management, supporting a 2023 shareholder motion to spin off Asia operations.
Shares of HSBC fell over 3% in Hong Kong after reports that its top shareholder, Ping An Insurance, may look to reduce its stake in the bank. Citing unnamed sources, Bloomberg reported Ping An is considering options to trim its $13.3 billion position in HSBC, including further share sales. Last week, Ping An disclosed the sale of HSBC shares, reducing its stake slightly from just over 8% to about 7.9%. Ping An was previously at odds with HSBC management, supporting a 2023 shareholder motion to spin off Asia operations.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
_sky-news-press-preview-124-18-may.webp "Sky News")
_honda39s-3665-billion-investment-to-challenge-tesla-and-byd-with-seven-new-ev-models.webp "Honda plans to invest $65 billion through 2030 to build seven new EV models as part of a strategy to stay competitive against Tesla and BYD. The investment is double Honda's previous EV budget and aims to slash costs and establish battery and supply chain infrastructure. Honda will introduce 10 new EVs in China by 2027, representing 100% of auto sales there by 2035, targeting the market with its new \")
_how-the-times-newspaper-is-made.webp "Times Radio")
_apple-iphone-sales-fall-in-nearly-all-countries-124-bbc-news.webp "BBC News")
_guyana-for-sale-official-clip-124-vice-124-season-3.webp "VICE News")
_watch-sky-news.webp "Sky News")
_what-walmart39s-q1-earnings-are-revealing-about-us-consumers.webp "#walmart #earnings #consumer<br/>#walmart #earnings #consumer #yahoofinance <br/><br/>Walmart (WMT) posted its first-quarter earnings report revealing revenue that beat expectations and showed a growth in its e-commerce arm. Comparable sales and transactions rose 3.8% in the US, while the average ticket price was flat. Walmart CFO John David Rainey joined Yahoo Finance to give insight into the state of the consumer from Walmart's perspective, claiming consumers' wallets are \")
_do-newspapers-matter-in-the-digital-age-124-lisa-desisto-124-tedxdirigo.webp "TEDx Talks")
_sky-news-press-preview-124-18-may.jpg)
_honda39s-3665-billion-investment-to-challenge-tesla-and-byd-with-seven-new-ev-models.jpg)
_how-the-times-newspaper-is-made.jpg)
_apple-iphone-sales-fall-in-nearly-all-countries-124-bbc-news.jpg)
_guyana-for-sale-official-clip-124-vice-124-season-3.jpg)
_watch-sky-news.jpg)
_what-walmart39s-q1-earnings-are-revealing-about-us-consumers.jpg)
_do-newspapers-matter-in-the-digital-age-124-lisa-desisto-124-tedxdirigo.jpg)
![[+]](/images/menu.gif){kind=small}