It is important to note Ping An Group may appear to be a local Chinese insurer, they are partially owned by HSBC. In fact, HSBC acquired 48.22% of H shares through different subsidiaries, and the financial institute has an overall 16.8% stake in Ping An Group, which makes HSBC the biggest shareholder. Given their involvement in the R3 blockchain consortium, it sort of makes sense to see Ping An join as well.
https://news.bitcoin.com/r3-blockchain-consortium-chinese-partner/
Topic: [2016-05-24] R3 Blockchain Consortium Adds First Chinese Partner (Read 216 times)
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