Ping An deal lends CDB a lesson

HSBC's high-profile, US$9.4 billion sale of its entire stake in mainland insurance giant Ping An has so far delivered only one thing for China Development Bank chairman Chen Yuan: a lesson that perhaps it is time for his bank to be more transparent following years of fast credit expansions, largely owing to Beijing's support.

via Business feed http://www.scmp.com/news/china/article/1132576/ping-deal-lends-cdb-lesson