Hang Seng Bank (HK:0011) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Hang Seng Bank has entered into a 15-year Exclusive Distribution Agreement with HSBC Life, making HSBC Life the sole provider of medical insurance products to Hang Seng Bank’s customers in Hong Kong. The deal, which includes commissions and other payments within set annual caps, does not require independent shareholder approval as it falls within specific reporting and review guidelines. This strategic partnership leverages Hang Seng Bank’s distribution channels to enhance its insurance offerings.
For further insights into HK:0011 stock, check out TipRanks’ Stock Analysis page.