格隆汇8月11日丨汇丰控股(00005.HK)发布公告，2025年8月8日耗资1.19亿港元回购121.88万股，回购价 格每股97.6-98.4港元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： HSBC Holdings plc 滙豐控股有限公司 呈交日期： 2025年8月11日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00005 | 說明 | 普通股(每股0.50美元) | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股 ...

从中证香港300价值指数持仓的市场板块来看，香港证券交易所占比100.00%。 金融界8月11日消息，上证指数上涨0.34%，中证香港300价值指数 (HK300V，H11172)报3196.70点。 数据统计显示，中证香港300价值指数近一个月上涨3.30%，近三个月上涨15.76%，年至今上涨 21.22%。 据了解，中证香港300风格指数系列由中证香港300成长指数、中证香港300价值指数、中证香港300相对 成长指数以及中证香港300相对价值指数4条指数构成，以反映基于中证香港300指数样本的不同风格证 券的整体表现。该指数以2004年12月31日为基日，以1000.0点为基点。 从指数持仓来看，中证香港300价值指数十大权重分别为：建设银行（9.89%）、汇丰控股（9.7%）、 中国移动（7.3%）、工商银行（7.27%）、中国平安（5.5%）、中国银行（5.19%）、中国海洋石油 （4.53%）、招商银行（3.14%）、中国人寿（2.27%）、农业银行（2.25%）。 本文源自：金融界 作者：行情君 从中证香港300价值指数持仓样本的行业来看，金融占比58.55%、通信服务占比11.14%、能源占 ...

金融界8月11日消息，上证指数上涨0.34%，中证香港300相对价值指数 (HK300RV，H11174)报2170.66 点。 数据统计显示，中证香港300相对价值指数近一个月上涨3.55%，近三个月上涨13.46%，年至今上涨 25.49%。 据了解，中证香港300风格指数系列由中证香港300成长指数、中证香港300价值指数、中证香港300相对 成长指数以及中证香港300相对价值指数4条指数构成，以反映基于中证香港300指数样本的不同风格证 券的整体表现。该指数以2004年12月31日为基日，以1000.0点为基点。 从指数持仓来看，中证香港300相对价值指数十大权重分别为：汇丰控股（15.63%）、建设银行 （8.67%）、阿里巴巴-W（5.04%）、中国移动（4.88%）、工商银行（4.86%）、中国平安 （3.68%）、中国银行（3.47%）、中国海洋石油（2.27%）、小米集团-W（2.11%）、招商银行 （2.1%）。 从中证香港300相对价值指数持仓的市场板块来看，香港证券交易所占比100.00%。 从中证香港300相对价值指数持仓样本的行业来看，金融占比51.84%、通信服务占比8.80%、 ...

该银行目前预计，2025年白银平均价格为每盎司35.14美元，高于此前预测的30.28美元；2026年为每盎 司33.96美元，此前预测为26.95美元；2027年为每盎司31.79美元，此前预测为28.30美元。 尽管白银价格大幅上涨，但汇丰银行提醒称，本轮涨势"更多是由于白银与黄金的关系，而非基本面驱 动"，创纪录的高金价对白银产生了"强大的引力效应"。 汇丰银行表示，在经历了四年创纪录增长后，今年工业对白银的需求或小幅下降，但跌幅可能有限。该 银行称，在光伏产业和电子行业等关键领域的推动下，需求有望在2026年复苏。 【环球网财经综合报道】据路透社报道，汇丰银行上调了对2025年、2026年和2027年白银价格的预测， 理由是面对地缘政治和经济不确定性，高金价和避险需求为白银提供了强劲支撑。 汇丰银行称，在供应方面，银矿产量继续以温和的速度增长。该银行的供需模型预测，2025年白银缺口 为2.06亿盎司，较2024年1.67亿盎司的缺口有所扩大。预计2026年缺口将收窄至1.26亿盎司。 汇丰银行还表示，根据该行研究预测，今年美元走弱对白银来说是利好因素，而围绕美联储降息和央行 政策的持续辩论可能会对未 ...

Wind数据显示，截至8月8日，南向资金持股数量达5320.77亿股，持仓市值超过5.6万亿港元。行业方 面，南向资金对金融、信息技术、可选消费行业持仓市值居前，分别为14326.87亿港元、11124.43亿港 元、7334.03亿港元。此外，南向资金对医疗保健行业持仓市值超5300亿港元，对通讯服务行业持仓市 值超5100亿港元。个股方面，南向资金持仓腾讯控股超过5600亿港元，持仓建设银行、中国移动、小米 集团-W、工商银行均超2000亿港元，持仓阿里巴巴-W、中国海洋石油、汇丰控股、中芯国际、美团- W、中国银行均超1100亿港元。 今年以来，南向资金持续加仓港股市场，是港股市场今年以来最大的增量资金来源。 Wind数据显示，截至8月8日，今年以来南向资金累计净流入9008亿港元，创年度净流入额历史新高， 为历史上首次突破9000亿港元。在今年以来的143个交易日中，南向资金出现净流入的交易日有121个。 近一个月，南向资金加仓金融、信息技术、医疗保健行业金额居前，净买入金额分别为522.43亿港元、 233.32亿港元、219.32亿港元。个股方面，近一个月南向资金加仓阿里巴巴-W、美团-W、建设银 ...

Core Viewpoint - Foreign banks in China are rapidly adjusting their retail business strategies, focusing on high-end retail and cross-border wealth management as new growth engines while closing numerous traditional branches [3][4][8]. Group 1: Structural Adjustments - Over 10 foreign banks have closed branches in mainland China since the beginning of 2025, indicating a trend of reducing physical network presence [4][5]. - HSBC and Standard Chartered have opened flagship branches and private wealth management centers in major cities, emphasizing high-net-worth clients and wealth management as primary business directions [5][6]. - The shift from standard branches to flagship outlets highlights a focus on privacy, professionalism, and brand representation, which are crucial for building competitive advantages in the Chinese market [5][6]. Group 2: Market Opportunities - The wealth management market in China is experiencing structural growth, driven by the expansion of the middle-income group and increasing demand for diversified financial services [8][9]. - The total scale of entrusted assets in various financial products reached 154 trillion yuan by 2024, with an annual growth rate of approximately 10.4% [8]. - Foreign banks are capitalizing on the growing demand for comprehensive wealth management services, including family trusts and global asset allocation [8][9]. Group 3: Competitive Landscape - Despite the potential in the wealth management market, foreign banks face significant competition from domestic banks, which have extensive networks and customer bases [11][12]. - As of the end of 2023, there were only 888 operational foreign bank branches in China, limiting their brand recognition and market coverage [11]. - Some foreign banks, like Dah Sing Bank and Citibank, have divested their personal banking operations, focusing instead on corporate and cross-border services [11][12]. Group 4: Future Outlook - The future growth of foreign banks in China’s wealth management sector is expected to be characterized by differentiation and specialization, focusing on high-end and cross-border services [12]. - Digital transformation is a priority, with foreign banks leveraging technology to enhance service efficiency and compensate for the reduction in physical branches [12]. - The ongoing structural changes in the Chinese financial market are prompting foreign banks to adapt by concentrating on their strengths and transitioning from broad coverage to deep specialization [12].

Core Insights - Foreign banks in China are rapidly adjusting their retail business strategies, closing over 10 branches while opening flagship branches and wealth management centers in major cities [1][2][4] - The shift towards high-end retail and cross-border wealth management is seen as a new growth engine for foreign banks amid increasing competition in the local market [1][4] Group 1: Branch Adjustments - More than 10 foreign banks have closed branches in mainland China since the beginning of the year, indicating a trend of continuous network contraction [2] - HSBC China has closed 9 branches this year, with over half located in Guangdong province, while Standard Chartered has also reduced its traditional physical branch scale [2][5] - In contrast, foreign banks are accelerating the establishment of flagship branches and private wealth management centers in core cities, focusing on high-net-worth clients [2][3] Group 2: Wealth Management Focus - Standard Chartered plans to invest $1.5 billion over the next five years to expand its wealth management services, targeting affluent clients' needs for diversified investments and wealth inheritance [3][5] - The wealth management market in China is experiencing structural growth, driven by the expansion of the middle-income group and increasing demand for wealth management services [4][5] - As of mid-2024, foreign banks in China had total assets of 3.87 trillion yuan, with a net profit of 14.9 billion yuan, reflecting a 28.4% year-on-year increase, largely driven by wealth management contributions [5] Group 3: Competitive Landscape - Despite the potential of the wealth management market, foreign banks face significant competition from local banks, which dominate basic services like savings and wealth management due to their extensive networks and customer bases [7] - As of the end of 2023, there were only 888 operating foreign banks in China, leading to limited brand recognition and coverage [7] - Some foreign banks have opted to shrink their personal business layouts, with examples including the transfer of personal business by Dah Sing Bank and Citibank's sale of its personal wealth management business to HSBC [7] Group 4: Future Outlook - The wealth management business of foreign banks in China is expected to continue growing, with a focus on differentiation and specialization [8] - Foreign banks will deepen their high-end and cross-border services, leveraging global networks to meet the complex needs of high-net-worth clients [8] - Digital transformation will be accelerated to enhance service efficiency and compensate for the limitations of physical branch networks [8]

Core Viewpoint - The article emphasizes the positive outlook on investment opportunities in China, particularly in the consumer sector and high-quality growth segments, driven by supportive monetary policies and structural changes in consumption patterns [2][3][5]. Monetary Policy and Investment Focus - The focus of monetary policy will be on enhancing policy transmission, reducing overall financing costs, and promoting the use of structural monetary policy tools [2]. - Increased funding is expected for sectors such as technology innovation, service consumption, and elderly care [2]. High-Quality Growth Segments - HSBC maintains a positive view on A-shares, particularly favoring high-quality growth segments [3]. - Companies involved in AI infrastructure, AI drivers, and AI applications are projected to see significant profit growth by 2025 [3]. Cloud Business and Capital Expenditure - The further popularization of AI and the trend of domestic substitution are expected to accelerate cloud business revenue growth [4]. - Major Chinese tech companies and telecom service providers have begun to increase capital expenditures, which is anticipated to enhance user data and boost industry investment confidence [4]. New Consumption Trends - Strong growth in retail sales has been observed in home appliances and furniture, with increases of 30.7% and 22.9% year-on-year, respectively, due to trade-in subsidy policies [5]. - New consumption trends, driven by demographic changes, are emerging, with Generation Z becoming a significant force in the market, contributing 40% of total consumption despite representing less than 20% of the population [5]. - By 2035, the overall consumption scale of Generation Z is expected to quadruple to 16 trillion yuan [5]. Outlook on Asian Markets - HSBC maintains an optimistic view on Asian markets, particularly in the healthcare sector, while advising caution due to global uncertainties [6][7]. - The valuation of the healthcare sector is considered attractive, and the outlook for this industry has been upgraded to positive [7]. Market Preferences - HSBC favors markets in China, India, and Singapore, while maintaining a neutral stance on Japan [8]. - The firm holds a positive view on the U.S. stock market, especially in the communication services, information technology, and financial sectors, while keeping a neutral outlook on U.S. bonds [8].

Market Overview - US stock indices rose on Friday, with the Hang Seng Index ADR up, closing at 24,915.87 points, an increase of 57.05 points or 0.23% compared to the Hong Kong close [1]. Major Blue-Chip Stocks - Most large-cap stocks saw gains, with HSBC Holdings closing at HKD 100.023, up 1.86% from the Hong Kong close; Tencent Holdings closed at HKD 562.679, up 0.30% [2]. Stock Performance Summary - Tencent Holdings (HKD 561.000) decreased by HKD 6.000 or 1.06%, while its ADR price was HKD 562.679, reflecting an increase of HKD 1.679 or 0.30% [3]. - Alibaba Group (HKD 116.300) fell by HKD 2.900 or 2.43%, with its ADR at HKD 118.101, up HKD 1.801 or 1.55% [3]. - HSBC Holdings (HKD 98.200) dropped by HKD 0.650 or 0.66%, while its ADR was HKD 100.023, up HKD 1.823 or 1.86% [3]. - Other notable declines included Meituan (HKD 120.800, down 0.98%) and Baidu Group (HKD 85.650, down 1.21%) [3].