More than $1.3bn in paper profits rests on a decision from China’s insurance regulator today – and it is still a mystery to whom those profits belong.
HSBC’s $9.4bn sale of its stake in Ping An Insurance to Charoen Pokphand Group of Thailand is awaiting approval from the China Insurance Regulatory Commission ahead of a deadline of 11.59pm Hong Kong time tonight.
A collapse of the sale will put pressure on the shares of Ping An, China’s biggest private insurer, as investors worry about how or when the UK-based bank’s stake will hit the market, according to analysts.
您已閱讀15%(569字),剩餘85%(3278字)包含更多重要資訊,訂閱以繼續探索完整內容,並享受更多專屬服務。