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HSBC

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.

Peter Ma Mingzhe, Chairman and CEO of Ping An Insurance (Group), attends a press conference of the company 2009 annual results in Hong Kong. Photo: SCMP

HSBC's Ping An stake sale unravels

The unraveling of HSBC's sale of its stake in Ping An reflects the big role that Chinese politics can play in such transactions, creating additional risk for minority investors.