From CNBC: 2024-05-17 00:59:24

HSBC Holdings saw shares drop 3% in Hong Kong after news that shareholder Ping An Insurance may reduce its stake in the bank. Despite the drop, shares traded at 68 HK dollars, their highest since August 2018. Ping An recently sold 391.49 million HK dollars’ worth of shares. Options for further reduction include additional share sales.

Read more: HSBC shares fall amid reports top shareholder Ping An may sell shares