_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 grand masti bank scene Video Screenshot Preview")
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✓ Published: 18-May-2024
👁 View: 60K times
✓ Published: 18-May-2024
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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.
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![Ant and Dec surprised pupils and staff at a primary school - in recognition of leading the charge in teaching financial education. <br/><br/>The TV duo began their day at St Michael's Primary School in Southfields, south London, by delivering breakfast baskets to the staff room. <br/><br/>The surprises continued as they popped into a year five classroom during a financial education lesson, sparking excitement among the students. <br/><br/>Ant and Dec, who are Santander ambassadors, engaged the class with lively questions and even started a humorous debate about who the better saver was. <br/><br/>The visit culminated in an energetic interruption of the school assembly, attended by over 400 pupils and staff members. <br/><br/>Alongside Ant and Dec, Mike Regnier, Santander UK's CEO, commended the school's commitment to financial literacy, emphasising its importance. <br/><br/>The day ended on a high note with the presenting pair capturing a memorable selfie with the entire school.<br/><br/>And the event marked the one-year anniversary of the Financial Education Recognition Scheme [www.twinkl.co.uk/recognition] launched by the bank in partnership with educational publisher, Twinkl. <br/><br/>St Michael’s was one of the first schools to sign up to the scheme, which calls on schools to commit to teaching pupils a minimum of six hours of financial education each academic year - to help them grow into financially confident adults and ease anxiety about money. <br/><br/>Over 200 schools and educators have already signed up to the scheme. <br/><br/>Ant said: “Today was a lot of fun. 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