NU Online News Service, March 8, 12:31 p.m. EST

AXA Group is looking to become the top provider of property and casualty insurance in Hong Kong with the purchase of a portion of HSBC's P&C business for about $494 million.

Meanwhile, QBE Group says it is looking to buy HSBC's Argentina Holdings and Hang Seng Bank Ltd. for about $420 million.

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