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flag HSBC is reviewing the sale of its Singapore life insurance unit as part of a global simplification effort.

flag HSBC is conducting a strategic review of its HSBC Life Singapore insurance business, evaluating all options including a potential sale, as part of a global effort to simplify operations under CEO Georges Elhedery. flag The review, announced January 16, 2026, does not include other operations and comes amid broader restructuring, including plans to privatize Hang Seng Bank in Hong Kong. flag While no decisions have been made, the bank reaffirmed Singapore as a key market, emphasizing continued growth in wealth and wholesale banking. flag The move reflects HSBC’s strategy to focus on high-growth areas in Asia and improve efficiency.

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