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PRE-MARKET CHINESE STOCK NEWS: HSBC Holdings (5 HK) will sell its Singapore life and health insurance business to Allianz (ALV GY) for USD 2.1bln

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HSBC divests its Singapore insurance unit for $2.1B to focus on Asian wealth management, while major Chinese firms report strong H1 2026 earnings growth and retail sales recovery.

News detail

China Modern Dairy (1117 HK) - Co. guides H1 (CNY) pretax profit of at least 43mln (prev. loss 972mln Y/Y). (Newswires)Chow Tai Fook Jewellery Group (1929 HK) - Co. Q1 retail sales rose 15.1% Y/Y, with same-store sales in mainland China rising 19.6% and Hong Kong and Macau sales rising 41.7%. (Newswires)Dongfeng Automobile (600006 CN) - Co. guides H1 (CNY) net profit of 120mln-130mln, representing growth of 23.5%-33.7% Y/Y. (Newswires)Greentown China Holdings (3900 HK) - Co. says Chairman Liu Chengyun resigned with immediate effect from 23 July 2026. (Newswires)HSBC Holdings (5 HK) - Co. will sell its Singapore life and health insurance business to Allianz (ALV GY) for USD 2.1bln. (Newswires)Xinjiang Xinxin Mining Industry (3833 HK) - Co. H1 (CNY) net profit rose 259.4% Y/Y to 257.3mln and rev. rose 13.4% Y/Y to 1.27bln. (Newswires)

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