HONG KONG--HSBC Holdings PLC (HBC) plans to sell its entire 15.6% stake in Ping An Insurance (Group) Co. of China Ltd. (2318.HK), the Chinese-language Hong Kong Economic Journal reported Monday, citing unnamed sources.

The report didn't provide any details of the planned sale, but said Charoen Pokphand Group, which is backed by Thai businessman Dhanin Chearavanont, may be one of the parties interested in buying HSBC's stake in Ping An.

HSBC first bought a stake in Shenzhen-based Ping An in 2002, two years before the insurer's listing in Hong Kong.

Newspaper website: http://www.hkej.com

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