Royal Bank of Scotland Group has started selling its entire 4.3% stake in Bank of China Tuesday, potentially raising up to $2.4bn (€1.8bn), people familiar with the matter told Dow Jones Newswires.

The 10.8 billion Hong Kong-listed H shares are being sold at HK$1.68-HK$1.71 each, a 7.6%-9.1% discount to their HK$1.85 closing price Tuesday.