HSBC's Ping An stake sale approved by regulator
China’s regulator has approved HSBC’s sale of its 15.6% stake in Ping An Insurance to Thai billionaire Dhanin Chearavanont for $7.4bn.
The China Insurance Regulatory Commission gave its permission for the transfer of 976.1 million Hong Kong-traded shares to Dhanin's Charoen Pokphand Group Co., Ping An said in a statement to the
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