Investment Rating - The report assigns an "OUTPERFORM" rating with a target price of 53.12, while the current price is 49.4 [3]. Core Insights - The report indicates that revenue and profit missed expectations primarily due to a decline in net interest margin (NIM), which decreased by 18 basis points to 1.52%, below the Bloomberg consensus forecast of 1.69% [12][36]. - Total revenue decreased by 10.6% year-over-year, which is lower than the Bloomberg consensus forecast of a 7.0% decline [18][36]. - Pre-tax profit saw a significant drop of 80.6% year-over-year, also falling short of the expected 5.9% decline [18][36]. - Net profit attributable to common shareholders decreased by 103.3% year-over-year, compared to the expected decline of 26.8% [18][36]. Revenue Breakdown - Wealth and Personal Banking revenue fell by 39.1% year-over-year, underperforming against the Bloomberg consensus forecast of a 33.1% decline [37]. - Commercial Banking revenue increased by 11.9% year-over-year, but this was below the expected growth of 14.4% [37]. - Global Banking and Markets revenue grew by 7.7% year-over-year, exceeding the Bloomberg consensus forecast of 5.1% [37][41]. Financial Metrics - Net interest income decreased by 7.8% year-over-year, contrasting with the Bloomberg consensus forecast of a 1.4% increase [12][36]. - Non-interest income fell by 15.1% year-over-year, which was better than the expected decline of 20.4% [12][36]. - The cost-to-income ratio increased by 6.4 percentage points to 66.4%, worse than the expected 60.3% [36]. - The Common Equity Tier 1 (CET1) ratio rose by 0.6 percentage points to 14.8%, surpassing the expected 14.6% [19][36]. Loan and Deposit Growth - Total loans to customers increased by 1.6% year-over-year, exceeding the Bloomberg consensus forecast of 0.8% [12]. - Total deposits grew by 2.6% year-over-year, also outperforming the expected decline of 0.4% [12]. Conclusion - The report highlights significant challenges faced by the company, particularly in terms of net interest income and overall profitability, while also noting areas of growth in loans and deposits [36][41].

2023 年 10 月 30 日 代表 滙豐控股有限公司 HSBC Holdings plc 滙豐控股有限公司 註冊辦事處及集團總管理處： 8 Canada Square, London E14 5HQ, United Kingdom 網站：www.hsbc.com 英格蘭註冊有限公司。英格蘭註冊編號：617987 「我們已連續三季取得強勁的財務表現，正逐步實現2023年有形股本回報率約達15%的⽬標。受利率環境⽀持，集團於所有業務和地區廣泛錄得良 好增⻑。財富管理業務亦進⼀步受到認可，季內吸引新增投資資產淨額340億美元，財富管理⾦額較去年增⻑12%。我們很⾼興能夠再次回饋股 東。⾃2023年以來，我們已三度宣布回購股份，總額達70億美元，並已宣派三次季度股息，總計每股達0.3美元。這凸顯集團在持續投資於業務增 ⻑之餘，亦擁有雄厚的分派能⼒。」 – 除稅前利潤增加174億美元，達到294億美元，反映業績因利率上升⽽持續受惠。增幅部分是因2022年⾸九個⽉錄得減值23億美元，與計劃出 售法國零售銀⾏業務相關，⽽當中21億美元已於2023年⾸九個⽉撥回，原因是出售變得較不明朗。此外，2023年⾸九個⽉亦就收購英 ...

Diversity and Inclusion - As of the end of the first half of 2023, the proportion of women in senior leadership positions at HSBC has increased to 33.6%, with a target of reaching 35% by the end of 2025[1]. - The company is committed to fostering an inclusive work environment to attract and retain diverse talent[1]. Climate and Sustainability Initiatives - HSBC has invested $30 million in climate technology risk capital strategies to support innovations in key areas such as electric vehicle routing and technology[1]. - The company aims to achieve net-zero carbon emissions for its own operations and supply chain by 2030, and for its financed projects by 2050[1]. - HSBC is expanding the number of industries covered by its 2030 financing emissions targets, including shipping, agriculture, commercial real estate, and residential properties[1]. - HSBC's revised energy policy, released in December 2022, now encompasses a broader range of energy sectors, including upstream oil and gas, hydrogen, and renewable energy[1]. - HSBC has launched a sustainable development academy in 2022 to enhance employee skills in support of the net-zero carbon emissions goal[1]. - The group is committed to managing climate risks across all businesses and integrating climate factors into existing risk categories, with detailed disclosures available in the 2022 Annual Report[11]. Financial Performance - Net interest income for the first half of 2023 was $18.3 billion, an increase of $4.9 billion or 36% compared to the same period in 2022[25]. - The total pre-tax profit for the first half of 2023 was $21.657 billion, significantly higher than $8.780 billion in the same period of 2022[21]. - The bank's business net interest income for the first half of 2023 was $21.9 billion, up from $13.6 billion in the same period of 2022, reflecting a growth of 61%[23]. - The effective tax rate for the first half of 2023 was 16.6%, with a decrease of 1.9 percentage points attributed to non-taxable gains from the acquisition of the UK Silicon Valley Bank[33]. - The profit attributable to ordinary shareholders for the six months ended June 30, 2023, was $16,966 million, compared to $7,966 million for the same period in 2022, representing a 113% increase[97]. Risk Management - The company is committed to addressing environmental, social, and governance (ESG) risks, which have increased due to global regulatory developments and stakeholder expectations[15]. - The company continues to monitor evolving regulatory environments, especially following recent bank failures that may lead to changes in overall regulatory scrutiny[15]. - The company is actively managing model risk as regulatory requirements evolve, particularly concerning capital models and the use of artificial intelligence[15]. - The group is closely monitoring credit quality changes and potential risks of defaults in various sectors[117]. - The company continues to enhance risk management frameworks, particularly in third-party risk policies and climate risk assessments[113]. Economic Outlook - The economic outlook remains uncertain, particularly in the UK, which may adversely affect profitability and growth prospects in that market[117]. - The risk of economic recession persists, with mixed signals from the commercial property market in mainland China[117]. - The anticipated credit losses and other credit impairment provisions were impacted by global inflation and rising interest rates in the first half of 2023[117]. - The unemployment rate in the UK is expected to rise to 4.2% in 2023, with a gradual increase from 2022 levels, while China and Hong Kong are anticipated to see a decrease in unemployment rates as the economy recovers[149]. - The overall economic outlook reflects a significant risk of recession, with potential increases in unemployment and declines in asset prices[163]. Customer Engagement and Technology - The company is focused on enhancing digital technology to innovate and improve customer service, while also managing associated risks[15]. - The company is actively simplifying banking procedures and providing tools to help customers manage their finances effectively[1]. - HSBC plans to continue expanding its market presence and investing in new technologies to enhance customer experience[79]. Credit Losses and Provisions - Expected credit losses and other credit impairment charges amounted to $1.3 billion in the first half of 2023, including $1.1 billion in stage three provisions, with $300 million related to the commercial property sector in mainland China[29]. - The expected credit loss provision as of June 30, 2023, is $12.8 billion, an increase of $0.2 billion from December 31, 2022, including $1 billion from adverse foreign exchange movements[123]. - The expected credit loss for retail loans increased by $100 million compared to December 31, 2022, while wholesale loans saw a decrease of $400 million[192]. Strategic Transactions - The acquisition gain recognized from the purchase of the UK Silicon Valley Bank was $1.5 billion, contributing positively to the financial results[28]. - The company recognized a temporary gain of $1,500 million related to the acquisition of Silicon Valley Bank in the UK[81]. Workforce and Employee Engagement - A 2022 reward survey indicated a 9 percentage point increase in employees who believe their compensation is fair[1]. - Employee turnover rates have eased, but inflation remains high in certain regions, impacting talent retention and recruitment efforts[15]. - The number of employees as of June 30, 2023, was 221,764, an increase of 2,565 from December 31, 2022, indicating growth in workforce[33].

| --- | --- | --- | |----------------------------------------------|---------------------------------|--------------------------------| | | 於下列⽇期 \n2023年 \n6⽉30⽇ | 1 \n2022年 \n12⽉31⽇ 百萬美元 | | | 百萬美元 | | | 資產 | | | | 現⾦及於中央銀⾏之結餘 | 307,733 | 327,002 | | 向其他銀⾏託收中之項⽬ 香港政府負債證明書 | 10,649 42,407 | 7,297 43,787 | | 交易⽤途資產 | 255,387 | 218,093 | | | | | | 指定及其他強制性按公允值計入損益賬之⾦融資產 | 104,303 | 100,101 | | 衍⽣⼯具 | 272,595 | 284,159 | | 同業貸款 | 100,921 | 104,475 | | 客⼾貸款 | 959,558 | 923,561 | | | | | | 反向回購協議 – 非交易⽤途 | 258,0 ...

Financial Performance - In Q1 2023, HSBC reported a significant impairment reversal of $2.1 billion related to the planned sale of its French retail banking business, which was previously classified as held for sale[9]. - The acquisition of Silicon Valley Bank UK in March 2023 resulted in a preliminary acquisition gain of $1.511 billion, with HSBC UK providing $2.8 billion in funding for the acquisition[9]. - The earnings per share for Q1 2023 included an impact of $0.08 from the acquisition of Silicon Valley Bank UK and a $0.08 reversal related to the French retail banking impairment[10]. - The bank's net interest income for Q1 2023 was reported at $21.16 billion, reflecting a stable performance despite market fluctuations[10]. - Operating profit for Q1 2023 reached $12,153 million, significantly higher than $4,356 million in Q1 2022[14]. - The basic earnings per share for Q1 2023 was $0.52, compared to $0.22 in Q1 2022[14]. - The return on average ordinary shareholders' equity for Q1 2023 was 25.5%, up from 11.3% in Q1 2022[14]. - The net interest margin for Q1 2023 was 1.69%, an increase of 50 basis points compared to Q1 2022[27]. - The total operating expenses (excluding goodwill and other intangible asset impairments) were $7,588 million, down from $8,717 million in Q1 2022[14]. - The company reported a gain from acquisitions of $1,511 million in Q1 2023[14]. - Pre-tax profit was $2 billion, an increase of $900 million or 86% compared to Q1 2022, driven by a $700 million increase in revenue, a 20% rise[36]. - Revenue for the capital markets and securities services business increased by $300 million, a 12% rise[36]. - The expected credit losses and other credit impairment charges were $(432) million, an improvement from $(1,430) million in Q1 2022[14]. - The average tangible equity return rate for Q1 2023 was 27.4%, compared to 12.3% in Q1 2022[14]. - The profit attributable to common shareholders for Q1 2023 was $10,327 million, a significant increase from $4,378 million in Q4 2022 and $2,755 million in Q1 2022[89]. - The adjusted profit before tax for Q1 2023 was $12.886 billion, a significant increase from $5.049 billion in Q1 2022, representing a growth of 155%[169]. - The adjusted profit after tax for Q1 2023 reached $11.026 billion, up from $4.661 billion in the same quarter last year, marking an increase of 136%[169]. Customer Loans and Accounts - HSBC's total customer loans classified as held for sale averaged $16 billion, excluding the impact of the impairment reversal related to the French retail banking business[10]. - Customer loans amounted to $1 trillion, with an increase of $40 billion, impacted by a negative currency translation effect of $8 billion and an increase of $7 billion due to the acquisition of UK Silicon Valley Bank[30]. - Customer accounts reached $1.6 trillion, increasing by $34 billion, affected by a negative currency translation effect of $12 billion and an increase of $8 billion from the acquisition of UK Silicon Valley Bank[30]. - The total amount of customer loans in personal loans reached $445 billion, an increase of $30.2 billion from December 31, 2022, driven by favorable foreign exchange movements of $4.6 billion and a reclassification of $22.6 billion in the French retail banking business[50]. - Customer loans (net) amounted to $963,394 million, up from $923,561 million in the previous year, reflecting a growth of 4%[111]. - Net customer loans reached $963,394 million, with Wealth Management and Personal Banking contributing $455,266 million, Commercial Banking $323,268 million, and Global Banking and Markets $184,492 million[112]. Expected Credit Losses - The expected credit losses for Q1 2023 were $32 million, compared to $300 million in Q1 2022, reflecting improved economic conditions[37]. - The expected credit loss sensitivity analysis indicates that the retail portfolio has not undergone significant changes, while the wholesale portfolio's downside risk has increased compared to December 31, 2022[49]. - The expected credit loss provisions for customer loans measured at amortized cost were $11,658 million, compared to $11,447 million at the end of 2022, indicating an increase of 1.8%[73]. - The expected credit loss provisions for financial assets measured at amortized cost were $12,135 million as of March 31, 2023, compared to $12,009 million at the end of 2022, reflecting a rise of 1.0%[73]. - The expected credit losses decreased by $200 million to $400 million, reflecting improved economic conditions[140]. Operating Expenses - Operating expenses were $2.4 billion, an increase of $100 million or 2%, influenced by inflation but partially offset by cost management[37]. - The total operating expenses (excluding goodwill and other intangible asset impairments) were $7,588 million, down from $8,717 million in Q1 2022[14]. - Operating expenses for Q1 2023 were $1.7 billion, remaining stable compared to the previous year[67]. - Operating expenses decreased to $7.6 billion, a 7% decline, primarily due to cost-saving measures and restructuring efforts[140]. - The company recorded a decrease in operating expenses of $1.4 billion, a reduction of 15%, due to the end of cost-saving initiatives and a decline in performance-linked compensation[187]. Capital and Equity - The Common Equity Tier 1 (CET1) capital ratio improved to 14.7% as of March 31, 2023, up from 14.2% on December 31, 2022[84]. - The total equity attributable to ordinary shareholders increased to $170,703 million from $158,087 million year-over-year, marking a growth of 8%[108]. - The tangible common equity increased to $159,458 million, compared to $146,927 million in the same period last year, showing an increase of 8.5%[108]. - The total shareholder equity increased to $190.1 billion from $177.8 billion year-over-year[149]. - The common equity tier 1 capital ratio stood at 14.7%, up from 14.2% in the previous year[149]. Strategic Initiatives - HSBC plans to complete the sale of its Canadian banking business in Q1 2024, maintaining the business as held for sale until the transaction is finalized[9]. - HSBC is considering a special dividend of $0.21 per share as a priority use of proceeds from the Canadian banking sale, with remaining funds allocated to common equity tier 1 capital[5]. - The bank's strategy includes focusing on international clients while divesting non-core assets, such as the Canadian banking business[5]. - The company aims to enhance its sustainable financing capabilities and meet evolving regulatory expectations regarding climate-related products[109]. - The company is actively managing and monitoring risks associated with the transition from LIBOR, including regulatory compliance risks and market risks, which are gradually diminishing as existing contracts are transitioned[40]. Economic Outlook - The projected GDP growth rate for Hong Kong is expected to be 3.0% in 2023, with a forecast of 3.2% in 2024[76]. - The unemployment rate in Hong Kong is projected to be 3.4% in 2023, with a slight increase to 3.5% in 2024[76]. - The inflation rate in Hong Kong is anticipated to be 2.1% for the next five years, with a peak of 4.3% expected in the first quarter of 2024[76]. - The economic outlook for Q1 2023 has improved compared to December 31, 2022, although inflation and interest rate risks remain significant concerns for most markets[200]. Risks and Challenges - The company is facing challenges due to geopolitical tensions, including the ongoing Russia-Ukraine conflict, which may adversely affect its financial condition and operational performance[123]. - The geopolitical and economic impacts of the Russia-Ukraine conflict continue to be profound, with sanctions imposed by the US, UK, EU, and others against Russia, leading to potential regulatory and market risks for the group and its clients[200]. - The group is prepared to adjust expected credit losses to reflect ongoing uncertainties posed by inflation and interest rate risks across various sectors[200].

香港交易及結算所有限公司及香港聯合交易所有限公司對本文件的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本文件全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 2022 年 10 月 25 日 (香港股份代號 : 5) HSBC Holdings plc 滙豐控股有限公司 2022年第三季盈利公布 隨附之公告現正於 HSBC Holdings plc 滙豐控股有限公司上市之證券交易所發布。 代表 滙豐控股有限公司 集團公司秘書長及管治總監 戴愛蘭 於本公告發表之日，滙豐控股有限公司董事會成員包括：杜嘉祺*、祈耀年、鮑哲鈺†、段小纓†、 范貝恩†、傅偉思†、古肇華†、麥浩智†、梅愛苓†、聶德偉†、邵偉信及戴國良†。 * 集團非執行主席 † 獨立非執行董事 HSBC Holdings plc 滙豐控股有限公司 註冊辦事處及集團總管理處： 8 Canada Square, London E14 5HQ, United Kingdom 網站：www.hsbc.com 英格蘭註冊有限公司。英格蘭註冊編號：617987 2022年10⽉25⽇ HSBC Holdings ...

HSBC Holdings plc 滙豐控股有限公司 2022年中期業績報告 2022年上半年 2022年第二季 2021年下半年 2022年第一季 2021年上半年 2021年第二季 2021年第一季 概覽 2 4 8 摘要 集團行政總裁之回顧 集團策略 11 13 我們的業務經營方式 財務概覽 18 25 環球类務 風險概覽 中期管理報告 29 36 46 56 59 財務概要 環球業務 地區 替代表現衡量指標之對服 風險 – 2022年上半年的主要發展 – 特別提述部分 - 信貸風險 59 59 63 89 – 財資風險 97 -- 市場風險 99 – 制訂保險產品業務風險 102 董事之責任聲明 簡明中期財務報表 103 致滙豐控股有限公司之獨立審閱報告 104 簡明中期財務報表 110 簡明中期財務報表附註 補充資料 131 股東參考資料 137 前瞻性陳述 138 若干界定用語 139 簡稱 提示 我們以美元為列賬貨幣。 經調整衡量指標 我們以管理層內部使用的非IFRS衡量指標來補充IFRS數字,該等指標構成歐洲證券 及市場管理局指引下的替代表現衡量指標及根據美國證券交易委員會規則及規例界 定及呈 ...

早晨,我非常开心我们今天在香港做中期业绩的发布是自从新冠疫情打击全球之后的第一次今天我和Noel和Evan一起他们稍后会做他们的报告Noel会带领问答 除了今天的业绩之外我们也会给予很充足的时间跟我们的顾客和投资者面对面见面我也非常期待在明天跟我们香港的股东见面我们一直都非常重视他们的反馈和参与我们也很期待亲身跟他们见面在近月就有一些报告关于汇丰另类结构的想法 董事会全面投入去详细审视这些想法我们也会继续如此彻底的研究NO就会在稍后的报告中更详细地讨论这一点董事会坚定地相信正如我们这些业绩很清楚地展示汇丰的策略是有效的同时也期望在来年交付非常好的回报 已经是157年了我们都是跟随着贸易和投资的流动来支持我们的顾客就是当他们一直希望达成他们在财务上的雄心我们是利用我们很深的经验和很强的全球性的关系帮助我们的顾客在全球来经营的今天我们是继续坚定的聚焦在我们核心的目标就是希望打开一个充满机会的世界 我们的模式对于个人和公司也越来越相关无论这些公司是什么规模和他们财务上的野心是环跨很多个国家和区域我们的转型使得我们可以从疫情 再成为一个更强大的银行有很好的定位来使用我们现在或者利用到我们现在的利率周期很少的银行可以比 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本文件的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本文件全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 2022 年 4 月 26 日 (香港股份代號 : 5) HSBC Holdings plc 滙豐控股有限公司 2022年第一季盈利公布 隨附之公告現正於 HSBC Holdings plc 滙豐控股有限公司上市之證券交易所發布。 代表 滙豐控股有限公司 集團公司秘書長及管治總監 戴愛蘭 於本公告發表之日，滙豐控股有限公司董事會成員包括：杜嘉祺*、祈耀年、段小纓†、范貝恩†、傅偉思†、 古肇華†、利蘊蓮†、麥浩智†、梅愛苓†、聶德偉†、邵偉信、戴國良†及梅爾莫†。 * 集團非執行主席 † 獨立非執行董事 HSBC Holdings plc 滙豐控股有限公司 註冊辦事處及集團總管理處： 8 Canada Square, London E14 5HQ, United Kingdom 網站：www.hsbc.com 英格蘭註冊有限公司。英格蘭註冊編號：617987 2022年4⽉26⽇ HSBC Holdin ...

HSBC Holdings plc 滙豐控股有限公司 2021年報及賬目 HSBC Holdings plc 滙豐控股有限公司 2021年報及賬目 HSBC Holdings plc 滙豐控股有限公司 8 Canada Square London E14 5HQ United Kingdom 電話：+44 (0)20 7991 8888 www.hsbc.com 英格蘭註冊有限公司 註冊編號 617987 目錄 21123636-HSBC-AR(c).indb 2 1/3/2022 19:04:54 | --- | --- | |-------|------------------------------| | | | | | 策略報告 | | 2 | 摘要 | | | 4 集團簡介 | | 6 | 集團主席報告 | | | 8 集團行政總裁之回顧 | | 12 | 集團策略 | | 15 | 我們的業務經營方式 | | 21 | 董事會決策及與相關群體的互動 | | 25 | 薪酬 | | 26 | 財務概覽 | | 30 | 環球業務 | | 37 | 風險概覽 | | | 41 長期可行性及持續經營聲明 ...