Ping An Insurance increases stake in HSBC

  • Dec 8, 2017

Ping An Insurance is the second largest shareholder in HSBC Holdings as holding reaches 5%.

According to the statement lodged with the Hong Kong Stock Exchange, Ping An’s asset management arm has purchased more than 1 billion of HSBC’s Hong Kong listed shares as of 15 December.  Ping An has built up its share holding via the stock connect programme that links the Hong Kong and mainland exchanges.

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