HSBC in talks over sale of Ping An stake
November 19, 2012 -- Updated 0952 GMT (1752 HKT)
An HSBC bank branch is pictured in central London on August 1, 2011.
- The bank's stake in Ping An is worth $9.5bn, nearly triple the $3.5bn in savings that HSBC has targeted before 2014
- Thai billionaire Dhanin Chearavanont, who controls the Charoen Pokphand Group, is among the possible buyers
- HSBC has been the most active of the foreign banks in pursuing organic growth in China.
(Finacial Times) -- HSBC is considering selling its stake in Ping An Insurance, China's second-biggest insurer by assets, as part of its global drive to improve profitability.
The bank's 15.6 per cent stake in Ping An i