Macau

It has applied a 25% dividend payout ratio since 2023.

It is a multi-year lease for a 64,000 sq ft space.

Discussions included topics such as the sale of life insurance products to MCVs.

The plan extends to home contents and the personal effects of domestic helpers.

Its parent company is viewed as essential to the subsidiary, leading to a one-notch uplift to its standalone credit quality.

This is HSBC’s first-ever insurance planning centre.

The insurer's annual growth rate hit 214% in 2022, making them Macau's top insurer.