June 22, 2024

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HSBC shares fell amid reports that largest shareholder Ping An may sell its shares

HSBC shares fell amid reports that largest shareholder Ping An may sell its shares

Customers use automated teller machines (ATMs) at a HSBC Holdings Plc bank branch at night in Hong Kong, China, on Saturday, February 16, 2019.

Anthony Cowan | Bloomberg | Getty Images

HSBC Holdings shares fell more than 3% in Hong Kong on Friday after reports that its largest shareholder Ping An Insurance may look to reduce its stake in the British bank.

Despite the decline, HSBC’s share price remains at its highest levels since August 2018, trading at around HK$68 per share.

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