HSBC eyes sell-off of other mainland China assets

Following HSBC's high-profile sale of its entire holding in Ping An, China's No 2 life insurer, Europe's biggest bank is expected to dump more non-core assets it holds on the mainland this year to raise capital.

Many analysts say HSBC's stake in Bank of Shanghai, a major second-tier lender, may be the next big asset to go on the block in a sale they say could bring in about US$800 million.

via Business feed http://www.scmp.com/business/banking-finance/article/1214581/hsbc-eyes-sell-other-mainland-china-assets