Still too much murkiness around the details of the Ping An deal

So, the Thailand tycoon Dhanin Chearavanont has finally paid up for the Ping An Insurance stake and the mainland regulator has approved the sale.

Every party, in particular HSBC, may very well want this to be the end of the fiasco. Yet it is not.

The uncertainty over the deal has been removed but the murkiness remains.

Why? Read the following. In announcing the sale on December 5, HSBC said: "[The purchase price] will be financed in part in cash and in part under a facility with China Development Bank Corporation (CDB) Hong Kong branch."

via Business feed http://www.scmp.com/business/article/1146336/still-too-much-murkiness-around-details-ping-deal