Silhouette of people descending the escalator at the HSBC headquarters in Central, Hong Kong. Photo: K.Y. Cheng Silhouette of people descending the escalator at the HSBC headquarters in Central, Hong Kong. Photo: K.Y. Cheng
Silhouette of people descending the escalator at the HSBC headquarters in Central, Hong Kong. Photo: K.Y. Cheng

China’s biggest insurer Ping An boosts HSBC stake with US$39.4 million purchase amid stock sell-off

  • Ping An bought 10.8 million shares on September 23 at an average price of HK$28.2859 each, before HSBC fell to a 1995 low
  • HSBC is a long-term investment, Ping An Insurance spokesman reiterates on Sunday

Topic |   HSBC: Latest news and updates
Silhouette of people descending the escalator at the HSBC headquarters in Central, Hong Kong. Photo: K.Y. Cheng Silhouette of people descending the escalator at the HSBC headquarters in Central, Hong Kong. Photo: K.Y. Cheng
Silhouette of people descending the escalator at the HSBC headquarters in Central, Hong Kong. Photo: K.Y. Cheng
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