HSBC jumps the most since 2009 after Ping An ups its stake
HSBC shares jumped after Ping An Asset Management in China, its largest shareholder, upped its stake in the Hong-Kong and London-listed bank. IGTV’s Victoria Scholar takes a look at the chart.
Ping An bought more shares so that it now owns 8% of HSBC, up from 7.95% in a vote of confidence for the company
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