The Zhitong Finance App learned that HSBC Holdings (00005.HK) continues to streamline its business structure. On July 24, HSBC Holdings announced that it agreed to sell all of HSBC Life Singapore's issued share capital to Allianz for 2.7 billion Singapore dollars (approximately HK$16.376 billion). The deal is expected to be completed in the first half of 2027, after approval by Singapore regulators. At that time, the buyer will take over the company and retain all employees to ensure a smooth transition for the business and customers.

The Zhitong Finance App learned that HSBC Holdings (00005.HK) continues to streamline its business structure. On July 24, HSBC Holdings announced that it agreed to sell all of HSBC Life Singapore's issued share capital to Allianz for 2.7 billion Singapore dollars (approximately HK$16.376 billion). The deal is expected to be completed in the first half of 2027, after approval by Singapore regulators. At that time, the buyer will take over the company and retain all employees to ensure a smooth transition for the business and customers.