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HSBC HOLDINGS Initiates Strategic Review of Insurance Biz in SG, to Consider All Options
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HSBC HOLDINGS (00005.HK) announced a strategic review of its insurance business in Singapore, as part of the Group's global business streamlining plan, according to Bloomberg. The review will cover HSBC Life Singapore and will consider 'all options,' but the Group has not yet made any decisions. Singapore remains a key market and it will continue to offer insurance products to local customers, the Group added. The Group aims to concentrate resources on areas with 'distinct competitive advantages' and the greatest growth potential to enhance market leadership and better serve clients. AASTOCKS Financial News Website: www.aastocks.com |
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