--China's Ping An Insurance Group is looking at options to reduce its 8% stake in HSBC Holdings, Bloomberg reports, citing people familiar with the matter.

--The possibilities under consideration include share sales, a sovereign wealth fund or investors in the Middle East taking a sizable stake, according to Bloomberg.

--Ping An and HSBC didn't immediately respond to requests for comment.

Full story: https://shorturl.at/cjxyZ

Write to Mauro Orru at mauro.orru@wsj.com

(END) Dow Jones Newswires

05-16-24 1154ET