11:46 PM EST, 11/11/2026 (MT Newswires) -- HSBC Holdings (HSBA.L) is reportedly exploring options to strengthen its Singapore operations under an initiative named Project Sirena, Bloomberg News reported Thursday, citing people familiar with the matter. The initiative aims to reduce the London-listed lender's dependence on China, including Hong Kong, and de-risk its Asian business, the report added. HSBC intends to integrate its major Singapore banking services under one entity over the next few years and group other regional operations under the Singapore unit to establish a second regional base alongside Hong Kong. HSBC did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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