The Charoen Pokphand Group, which bought HSBC's 15.6 per cent stake in Ping An Insurance, is a newcomer to the insurance business. It is better known for its chicken meat and animal feed.
The Hongkong and Shanghai Banking Corporation is one of Hong Kong's biggest banks. It was founded in Hong Kong on March 3, 1865, and in Shanghai one month later. Its headquarters are located in London, England.