Last checked at 
LONDON, Dec 10 (Reuters) - HSBC said on Tuesday ithad agreed to sell its 8 percent stake in Bank of Shanghai toBanco Santander, as part of its plan to sell offnon-core assets.
HSBC said it valued the shareholding at $468 million at theend of September. It added that China remained one of itspriority markets.
"Our priorities going forward will emphasise the growth ofour own operations in mainland China and our own partnershipwith Bank of Communications," said Peter Wong, chief executive of HSBC Asia Pacific.
The deal, subject to regulatory approvals, is expected tocomplete in the first half of 2014, HSBC said.
