FORM 6-K<\/p>\n
\u00a0<\/p>\n
SECURITIES AND EXCHANGE COMMISSION<\/p>\n
\u00a0<\/p>\n
Washington, D.C. 20549<\/p>\n
\u00a0<\/p>\n
\n\u00a0<\/p>\n
\u00a0<\/p>\n
Report of Foreign Private Issuer<\/p>\n
\u00a0<\/p>\n
Pursuant to Rule 13a – 16 or 15d – 16 of<\/p>\n
\u00a0<\/p>\n
the Securities Exchange Act of 1934<\/p>\n
\u00a0<\/p>\n
\n\u00a0<\/p>\n
\u00a0<\/p>\n
\nFor the
\nmonth of July<\/p>\n
\u00a0<\/p>\n
HSBC Holdings plc<\/p>\n
\u00a0<\/p>\n
\n8
\nCanada Square, London E14 5HQ, England<\/p>\n
\u00a0<\/p>\n
\n(Indicate
\nby check mark whether the registrant files or will file annual
\nreports under\u00a0cover of Form 20-F or
\nForm 40-F).<\/p>\n
\u00a0<\/p>\n
\nForm
\n20-F X Form 40-F \u00a0<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
\u00a0NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
\nPART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION
\nWHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
\nREGULATIONS OF SUCH JURISDICTION<\/p>\n
\u00a0<\/p>\n
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of
\nHong Kong Limited take no responsibility for the contents of this
\nannouncement, make no representation as to its accuracy or
\ncompleteness and expressly disclaim any liability whatsoever for
\nany loss howsoever arising from or in reliance upon the whole or
\nany part of the contents of this announcement.<\/p>\n
\u00a0\u00a0<\/p>\n
\u00a0\u00a0<\/p>\n
Hong Kong Stock Code: 5<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
24 July
\n2026\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
VOLUNTARY ANNOUNCEMENT<\/p>\n
\u00a0<\/p>\n
HSBC TO SELL ITS LIFE AND HEALTH INSURANCE BUSINESS IN SINGAPORE TO
\nALLIANZ<\/p>\n
\n\u00a0<\/p>\n
\u25cf\u00a0HSBC
\nGroup has agreed to sell HSBC Life (Singapore) Pte. Ltd. to Allianz
\nfor\u00a0a
\nconsideration of S$2.7\u00a0billion
\n(US$2.1 billion[1])
\nwith completion expected in the first half of 2027, subject to
\nregulatory approval.<\/p>\n
\u25cf\u00a0Disposal
\nexpected to generate a pre-tax gain of US$1.8billion and estimated
\nup to 15 basis-point increase to CET1 for the HSBC
\nGroup.\u00a0<\/p>\n
\u25cf\u00a0On
\ncompletion, HSBC and Allianz will enter an exclusive 15-year
\nbancassurance distribution agreement through which HSBC will
\ncontinue to distribute high quality insurance products to its
\ncustomers in Singapore. On entering the distribution agreement,
\nHSBC will receive a S$0.2bn (US$0.2bn[1])
\ninitial lump sum cash payment.<\/p>\n
\u25cf\u00a0HSBC
\nis committed to Singapore as an international wealth and wholesale
\nbanking hub. Singapore is crucial to HSBC’s strategy and is a key
\nfocus of investment and growth for the Group.<\/p>\n
\n\u00a0<\/p>\n
\nThis announcement is made by HSBC Holdings plc
\n(“HSBC
\nHoldings”, together with its
\nsubsidiaries, the “HSBC\u00a0Group”) on a voluntary basis.<\/p>\n
\u00a0<\/p>\n
THE DISPOSAL<\/p>\n
\u00a0<\/p>\n
\nHSBC Holdings announces that its indirect
\nwholly-owned subsidiary, HSBC\u00a0Insurance (Asia-Pacific)
\nHoldings Limited (the “Seller”), has today entered into a share purchase
\nagreement with\u00a0Allianz
\nAsia Holdings Pte. Ltd.\u00a0(the “Purchaser”)\u00a0for the sale of 100% of
\nthe\u00a0issued\u00a0share capital of HSBC
\nLife\u00a0(Singapore)\u00a0Pte. Ltd. (“HSBC Life SG”)\u00a0for a consideration of
\nS$2.7billion\u00a0(US$2.1
\nbillion[1])
\n(together, the “Disposal”).\u00a0HSBC Life SG is a leading insurance
\nbusiness in Singapore offering a broad range of life and health
\ninsurance products.<\/p>\n
\u00a0<\/p>\n
\nCompletion of the Disposal\u00a0is
\nexpected\u00a0in
\nthe first half of 2027,\u00a0subject
\nto obtaining the relevant approvals from the Monetary Authority of
\nSingapore. On completion of the Disposal, all employees will
\ncontinue to be employed by HSBC Life SG, which will be owned by the
\nPurchaser, and the parties will work closely together to enable a
\nsmooth transition for colleagues and customers.<\/p>\n
\u00a0<\/p>\n
\nOn completion of the Disposal, HSBC Holdings’
\nindirect wholly-owned subsidiary, HSBC Bank (Singapore) Limited
\n(“HSBC Bank
\nSG”), and HSBC Life SG (which
\nwill then be wholly-owned by the Purchaser and renamed following
\ncompletion) will enter into an exclusive 15-year bancassurance
\ndistribution agreement (the “Distribution
\nAgreement”, together with the
\nDisposal, the “Transaction”). Pursuant to the Distribution Agreement, HSBC
\nBank SG will distribute HSBC Life SG’s insurance products on an
\nexclusive basis to its retail banking and wealth customers in
\nSingapore. Upon entering into the Distribution
\nAgreement,\u00a0HSBC
\nwill receive an initial S$0.2 billion (US$0.2
\nbillion[1])
\nlump sum cash payment from Allianz reflecting the exclusive terms
\nof the agreement. This will be recognised in the income statement
\nover the term of the Distribution Agreement, along with the
\ncontractual variable additional consideration for performance under
\nthe agreement.<\/p>\n
\u00a0<\/p>\n
FINANCIAL IMPACT OF THE DISPOSAL<\/p>\n
\u00a0<\/p>\n
\nThe Disposal is expected to generate a pre-tax
\ngain on disposal of US$1.8 billion at the HSBC Group consolidated
\nlevel[2],
\nto be recognised largely upon completion and classified as a
\nmaterial notable item[3].
\nThe Disposal would not be subject to tax and is expected to
\ngenerate an estimated up to 15 basis-point increase to the HSBC
\nGroup’s consolidated Common Equity Tier 1 ratio[4],
\nupon subsequent upstreaming of the distributable gain on sale as
\nrecognised in HSBC Insurance (Asia-Pacific) Holdings
\nLimited.<\/p>\n
\u00a0<\/p>\n
REASONS FOR AND BENEFITS OF THE TRANSACTION<\/p>\n
\u00a0<\/p>\n
\nThe
\ntransaction follows the strategic review of HSBC Life SG, which
\nconcluded that a sale would be the best outcome for all parties.
\nThe Transaction forms part of the ongoing simplification of the
\nHSBC Group as it focuses on increasing leadership and market share
\nin the areas where it has a clear competitive advantage and the
\ngreatest opportunities to grow and support its
\nclients.<\/p>\n
\u00a0<\/p>\n
\nHSBC
\nis committed to Singapore as an international wealth and wholesale
\nbanking hub. Singapore is crucial to HSBC’s strategy and is a key
\nfocus of investment and growth for the Group.<\/p>\n
\u00a0<\/p>\n
INFORMATION ON THE PARTIES<\/p>\n
\u00a0<\/p>\n
A.\u00a0\u00a0 Information on HSBC Holdings and HSBC Life
\nSG<\/p>\n
\u00a0<\/p>\n
\nHSBC
\nHoldings, the parent company of the HSBC Group, is headquartered in
\nLondon. The HSBC Group serves customers worldwide and operates in
\n56 markets across Europe, the Asia-Pacific region, North and Latin
\nAmerica, the Middle East and Africa.<\/p>\n
\u00a0<\/p>\n
\nHSBC
\nLife SG is an indirect wholly-owned subsidiary of HSBC Holdings as
\nat the date of this announcement. Its principal business activity
\nis the underwriting and distribution of life insurance and
\ninvestment-linked products in Singapore. HSBC Life SG reported PBT
\nof S$118m in 2025.<\/p>\n
\u00a0<\/p>\n
\nB.\u00a0\u00a0 Information
\non\u00a0the
\nPurchaser<\/p>\n
\u00a0<\/p>\n
\nThe Purchaser\u00a0is a company incorporated under
\nthe laws of\u00a0Singapore. To the best of the directors’
\nknowledge, information and belief, having made all reasonable
\nenquiries, the Purchaser and its ultimate beneficial owners are
\nthird parties independent of HSBC Holdings and its connected
\npersons (as defined under the Rules Governing the Listing of
\nSecurities on The Stock Exchange of Hong Kong Limited (the
\n“Hong Kong
\nListing Rules”).<\/p>\n
\u00a0<\/p>\n
IMPLICATIONS UNDER THE HONG KONG LISTING RULES AND THE UK LISTING
\nRULES<\/p>\n
\u00a0<\/p>\n
\nAs
\nall the applicable percentage ratios (as defined in Rule 14.07 of
\nthe Hong Kong Listing Rules) in respect of the Transaction are less
\nthan 5%, the Transaction does not constitute a notifiable
\ntransaction for HSBC Holdings under Chapter 14 of the Hong Kong
\nListing Rules. The entering into of the Distribution Agreement does
\nnot constitute a connected transaction of HSBC Holdings under
\nChapter 14A of the Hong Kong Listing Rules. As all the applicable
\npercentage ratios as a result of applying the class tests (as
\ndefined in UK Listing Rule 7 Annex 1) in respect of the Transaction
\nare less than 25%, the Transaction does not constitute a
\nsignificant transaction under UK Listing Rule 7.<\/p>\n
\u00a0<\/p>\n
\n\u00a0<\/p>\n
\nFor
\nand on behalf of<\/p>\n
HSBC Holdings plc<\/p>\n
\u00a0<\/p>\n
Angela McEntee<\/p>\n
\nGroup
\nCompany Secretary<\/p>\n
\u00a0<\/p>\n
\nThe\u00a0Board
\nof\u00a0Directors
\nof HSBC Holdings plc as at the date of this announcement comprises:
\nBrendan Robert Nelson*, Georges Bahjat Elhedery, Geraldine Joyce
\nBuckingham\u2020,
\nWei Sun Christianson\u2020,
\nRachel Duan\u2020,
\nDame Carolyn Julie Fairbairn\u2020,
\nJames Anthony Forese\u2020,
\nSteven Craig Guggenheimer\u2020,
\nManveen (Pam) Kaur, Dr Jos\u00e9 Antonio Meade
\nKuribre\u00f1a\u2020,
\nRichard Henry Meddings\u2020,
\nKalpana Jaisingh Morparia\u2020,
\nEileen K Murray\u2020\u00a0and
\nSwee Lian Teo\u2020.<\/p>\n
\u00a0<\/p>\n
\n*
\nIndependent non-executive Chairman<\/p>\n
\u00a0<\/p>\n
\n\u2020\u00a0Independent
\nnon-executive Director<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
Media enquiries to:<\/p>\n
\u00a0<\/p>\n
\npressoffice@hsbc.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n+44 (0) 20 7991 8096<\/p>\n
\n\u00a0<\/p>\n
\n\u00a0<\/p>\n
\n\u00a0<\/p>\n
\n\u00a0<\/p>\n
\n\u00a0<\/p>\n
\n\u00a0<\/p>\n
[1]\u00a0Converted
\nat a S$\/US$ exchange rate of 1.29.<\/p>\n
\n[2]\u00a0As
\nat 31 March 2026, inclusive of related transaction and migration
\ncosts, write-offs and recycling of reserves.<\/p>\n
[3]\u00a0Material
\nnotable items are excluded from our dividend payout ratio target
\nbasis calculation.<\/p>\n
\n[4]\u00a0As
\nat 31 March 2026.<\/p>\n
\u00a0<\/p>\n
\n\u00a0<\/p>\n
\u00a0<\/p>\n
SIGNATURE<\/p>\n
\u00a0<\/p>\n
\nPursuant
\nto the requirements of the Securities Exchange Act of 1934, the
\nregistrant has duly caused this report to be signed on its behalf
\nby the undersigned, thereunto duly authorized.<\/p>\n
\u00a0<\/p>\n
\n\u00a0<\/p>\n
\u00a0<\/p>\n
\nHSBC
\nHoldings plc<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
\nBy:<\/p>\n
\u00a0<\/p>\n
\nName:
\nAngela McEntee<\/p>\n
\u00a0<\/p>\n
\nTitle:
\nGroup Company Secretary<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
\nDate:
\n24 July 2026<\/p>\n","protected":false},"excerpt":{"rendered":"FORM 6-K \u00a0 SECURITIES AND EXCHANGE COMMISSION \u00a0 Washington, D.C. 20549 \u00a0 \u00a0 \u00a0 Report of Foreign Private…\n","protected":false},"author":2,"featured_media":62736,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20948],"tags":[20949,48197,48200,39544,25876,33034,48195,48199,48196,48198],"class_list":["post-62735","post","type-post","status-publish","format-standard","has-post-thumbnail","category-allianz","tag-allianz","tag-bancassurance-distribution-agreement","tag-cet1-ratio","tag-form-6-k","tag-hsbc","tag-hsbc-holdings","tag-hsbc-stock","tag-s2-7-billion-consideration","tag-singapore-life-insurance-sale","tag-us1-8-billion-gain"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/62735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=62735"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/62735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/62736"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=62735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=62735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=62735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}