Ping An Insurance, China's second-largest insurer, is considering raising money in Hong Kong after plummeting Chinese share prices and government disapproval postponed the company's earlier plan to sell stock and convertible bonds worth more than $20bn.

"We are dual-listed in both Hong Kong and Shanghai. We are open to both markets," Louis Cheung, group president, told the Financial Times. "At the end of the day, our shareholder interests and market conditions will dictate what we should do."