• HSBC Holdings agreed to sell HSBC Life (Singapore) to Allianz for SGD 2.7 billion (USD 2.1 billion), with completion expected in H1 2027.
• Deal expected to deliver a pre-tax gain of USD 1.8 billion, lifting the group’s CET1 ratio by up to 15 basis points.
• HSBC Bank Singapore to sign an exclusive 15-year bancassurance distribution agreement to sell the insurer’s products to retail and wealth clients.
• HSBC to receive an initial SGD 0.2 billion (USD 0.2 billion) lump-sum payment tied to the distribution agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HSBC Holdings plc published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260724-12254881), on July 23, 2026, and is solely responsible for the information contained therein.