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HSBC

The Hongkong and Shanghai Banking Corporation was founded in Hong Kong on March 3, 1865, and in Shanghai one month later. In 1980, HSBC acquired 51 per cent of Marine Midland Bank, buying the rest in 1987. HSBC Holdings was established in Britain in 1991 as the parent of The Hongkong and Shanghai Banking Corporation ahead of its purchase of the UK-based Midland Bank and the impending 1997 transfer of sovereignty of Hong Kong from Britain to China. 

 
Dhanin Chearavanont

Ping An, HSBC shares set to take off

Shares of HSBC and Ping An Insurance are expected to rise today on the back of bullish equity market sentiment, and news that mainland regulators have approved HSBC's US$7.4 billion sale of its Ping An stake to Thailand's Charoen Pokphand.