HSBC issues statement re Ping An Insurance

There has been speculation about a possible sale.

HSBC said in a statement:

HSBC Holdings plc notes the recent press speculation about a possible sale of its 15.57% shareholding in Ping An Insurance (Group) Co. of China Limited.

HSBC has from time to time received approaches regarding its shareholding and confirms that it is in discussions which may or may not lead to the sale of the shares.

A further announcement will be made if or when appropriate.