HSBC to raise its stake in HSBC Life China to 100%

hsbcHSBC Insurance (Asia), a subsidiary of the British bank HSBC, has been granted approval by the Chinese supervisory authority CBIRC to acquire 50% of the capital of its joint venture HSBC Life China. This stake was previously held by National Trust.

HSBC Insurance (Asia) thus becomes the sole 100% shareholder of the life insurance company.

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