Top HSBC shareholder Ping An likely to retain investment in bank amid sale talks

Top HSBC shareholder Ping An likely to retain investment in bank amid sale talks

HSBC Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration

Ping An Asset Management, HSBC Holdings PLC’s largest shareholder, will continue to hold its investment in the Asia-focussed lender, a source close to the Chinese fund manager said on Friday, after reports it was considering selling more shares.