HONG KONG (Reuters) – China's insurance regulator is expected to refuse HSBC's sale of its $ 9.4 billion (5.8 billion pounds) stake inside Ping An Insurance to Thai conglomerate CP Group, media reports mentioned about Wednesday. The failure of the deal will be a blow to HSBC plus an embarrassment to the different parties included inside a business deal that has been set to be Asia's second-largest last year. The China Insurance Regulatory Commission (CIRC) is probably to veto the deal due to a deficiency of funding, the South China Morning Post plus The Wall Street Journal both mentioned about Wednesday. …
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