The previously announced sale by HSBC of Ping An Insurance of China for $9.385 billion appears to be in jeopardy.
There are reports that the China Development Bank has declined to provide the expected financing.
Ping An is China's second largest insurance company.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].