Market Overview - The three major U.S. stock indices all experienced declines on Wednesday, while the Hang Seng Index ADR rose, closing at 25,347.63 points, down 121.15 points or 0.48% compared to the Hong Kong close [1]. Hang Seng Index ADR Details - The Hang Seng Index ADR had a high of 25,539.75 and a low of 25,311.91, with a trading volume of 37.8613 million [2]. - The average price for the ADR was 25,425.83, with a previous close of 25,468.78 [2]. Major Blue-Chip Stocks Performance - HSBC Holdings closed at 118.414 HKD, up 0.78% compared to the Hong Kong close [3]. - Tencent Holdings closed at 595.34 HKD, down 1.6% compared to the Hong Kong close [3]. - Alibaba Group closed at 146.000 HKD, up 1.25%, while its ADR was 143.049 HKD, down 2.02% [4]. - Other notable stocks include AIA Group, which closed at 80.950 HKD, up 1.44%, and Xiaomi Group, which closed at 41.220 HKD, up 0.78% [4].

Core Viewpoint - HSBC's CEO, Noel Quinn, plans to work in Hong Kong during the first quarter of next year, returning to London headquarters only before summer, aiming to spend more time overseeing Asian operations and reducing travel costs for the group [1] Group 1 - The move would mark the first time in over a decade that an HSBC CEO has spent an extended period in Hong Kong since former CEO Michael Geoghegan in 2009 [1] - HSBC stated that the CEO, based in the UK, frequently spends time in various markets, including Hong Kong, to engage with clients and colleagues [1] - UK regulatory authorities typically require senior executives of locally registered banks to reside in the UK, but exemptions have been granted in the past [1]

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公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告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。 本公告僅供參考，並不構成收購、購買或認購滙豐控股、滙豐亞太或恒生銀行證券的邀請或要約或 該等邀請或要約的一部分，亦不在任何司法管轄區構成任何投票或批准的招攬，亦不構成於任何司 法管轄區內任何收購、購買或認購滙豐控股、滙豐亞太或恒生銀行證券的邀請、要約或招攬要約， 亦不得在任何司法管轄區內違反適用法律進行銷售、發行或轉讓滙豐控股、滙豐亞太或恒生銀行證 券。若構成違反任何司法管轄區的適用法律或法規，則本公告所載全部或部分資料不得於、向或從 該司法管轄區發佈、刊發或分發。 $$\bigotimes\bigotimes{\mathrm{H}}{\mathrm{SBC}}$$ 滙豐控股有限公司 （香港股份代號：5） 恒生銀行有限公司 （股份代號：11（港幣櫃台）及 80011（人民幣櫃台）） 聯合公告 (1) 香港上海滙豐銀行有限公司根據《公司條例》第673條 以協議安排方式將恒生銀行有限公司私有化之建議 及 ( ...

Core Viewpoint - The Hang Seng Index (HSI) showed a slight increase, closing at 25,318.08, up by 82.67 points or 0.33% from the previous day [1]. Group 1: Market Performance - The HSI closed at 25,318.08 with a trading volume of 32.39 million, reaching a high of 25,355.41 and a low of 25,238.64 during the session [1]. - The index has a 52-week high of 27,275.90 and a low of 18,856.77, indicating a volatility of 0.46% [1]. - Major blue-chip stocks mostly rose, with HSBC Holdings closing at 116.167 HKD, down 0.03% from the Hong Kong close, while Tencent Holdings rose by 0.4% to 598.882 HKD [2]. Group 2: Individual Stock Performance - Tencent Holdings (00700) saw a decrease of 6.500 HKD, or 1.08%, with an ADR price of 598.882 HKD, which is an increase of 2.382 HKD compared to its Hong Kong stock price [3]. - Alibaba Group (09988) dropped by 4.400 HKD, or 2.96%, with an ADR price of 145.179 HKD, up by 0.979 HKD from its Hong Kong price [3]. - HSBC Holdings (00005) remained unchanged at 116.200 HKD, with an ADR price of 116.167 HKD, down by 0.033 HKD [3]. - Other notable declines included China Construction Bank (00939) down 2.12%, Xiaomi Group (01810) down 2.25%, and AIA Group (01299) down 1.05% [3].

Market Performance - The Hang Seng Index fell by 393.47 points, a decrease of 1.54%, closing at 25,235.41 points [1] - The H-share Index dropped by 159.77 points, closing at 8,757.93 points, a decline of 1.79% [1] - The Hang Seng Tech Index decreased by 95.91 points, closing at 5,402.51 points, down by 1.74% [1] Blue Chip Stocks - Tencent Holdings decreased by 1.08%, closing at 596.5 HKD [1] - Hong Kong Exchanges and Clearing fell by 1.93%, closing at 396 HKD [1] - China Mobile declined by 0.94%, closing at 84.3 HKD [1] - HSBC Holdings remained unchanged, closing at 116.2 HKD [1] Local Hong Kong Stocks - Cheung Kong Holdings fell by 1.78%, closing at 38.7 HKD [1] - Sun Hung Kai Properties decreased by 2.23%, closing at 94.35 HKD [1] - Henderson Land Development rose by 0.34%, closing at 29.16 HKD [1] Chinese Financial Stocks - Bank of China fell by 1.82%, closing at 4.32 HKD [1] - China Construction Bank decreased by 2.12%, closing at 7.39 HKD [1] - Industrial and Commercial Bank of China dropped by 1.81%, closing at 5.98 HKD [1] - Ping An Insurance fell by 2.07%, closing at 63.9 HKD [1] - China Life Insurance decreased by 4.13%, closing at 27.38 HKD [1] Oil and Petrochemical Stocks - Sinopec fell by 1.13%, closing at 4.37 HKD [1] - PetroChina decreased by 1.35%, closing at 8.03 HKD [1] - CNOOC dropped by 2.32%, closing at 20.2 HKD [1]

Group 1 - A total of 47 Hong Kong stocks conducted share buybacks on December 15, with 8 stocks having buyback amounts exceeding 10 million HKD [1] - Tencent Holdings, Xiaomi Group-W, and China COSCO Shipping Holdings had the largest buyback amounts, with 636 million HKD, 302 million HKD, and 40.016 million HKD respectively [1] - Year-to-date, 261 Hong Kong stocks have conducted buybacks, with 68 stocks having cumulative buyback amounts exceeding 100 million HKD [1] Group 2 - The largest cumulative buyback amounts year-to-date were recorded by Tencent Holdings at 73.68 billion HKD, HSBC Holdings at 30.257 billion HKD, and AIA Group at 17.693 billion HKD [1]

Market Overview - The Hang Seng Index (HSI) closed at 25,577.23, down by 51.65 points or 0.20% from the previous close [1] - The index reached a high of 25,757.83 and a low of 25,577.23 during the trading session, with a trading volume of 35.27 million [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 117.167, up by 0.83% compared to the Hong Kong close [2] - Tencent Holdings closed at HKD 600.386, down by 0.43% compared to the Hong Kong close [2] Stock Price Movements - Tencent Holdings (00700) latest price is HKD 603.000, down by HKD 13.000 or 2.11% [3] - Alibaba Group (09988) latest price is HKD 148.600, down by HKD 5.500 or 3.57% [3] - HSBC Holdings (00005) latest price is HKD 116.200, down by HKD 1.100 or 0.94% [3] - AIA Group (01299) latest price is HKD 80.650, up by HKD 1.650 or 2.09% [3] - BYD Company (01211) latest price is HKD 96.000, down by HKD 2.500 or 2.54% [3] - Baidu Group (09888) latest price is HKD 118.700, down by HKD 7.300 or 5.79% [3] - JD.com (09618) latest price is HKD 113.500, down by HKD 2.100 or 1.82% [3]

Group 1 - iRobot has officially filed for bankruptcy protection in Delaware, with Shenzhen PICEA Robotics and its subsidiary acquiring all shares, leading to iRobot's delisting from NASDAQ and privatization [3] - Tesla has initiated Robotaxi road tests without human safety operators, with reports of at least one Model Y operating in Austin, Texas, without safety monitoring equipment [3] - Google has introduced its seventh-generation TPU using HBM3E8 chips from Samsung and SK Hynix, with plans to adopt HBM3E12 chips for enhanced performance [3] Group 2 - Luoyang Molybdenum has acquired four operating gold mines in Brazil, marking a significant step in its "copper-gold dual-pole" acquisition strategy to enhance its resource layout in South America [5] - Unisoc has established a central research institute to focus on developing new architectures for edge AI chips [5] Group 3 - Apple faces potential increases in hardware costs as DRAM long-term order agreements expire, with Samsung and SK Hynix planning price hikes starting January [7] - Ford plans to convert an electric vehicle battery plant in Kentucky to produce batteries for grid storage and announced the creation of thousands of new jobs across the U.S. [7] - Novo Nordisk Canada has received conditional marketing authorization from Health Canada for semaglutide injection (Wegovy) for treating certain patients with non-alcoholic steatohepatitis (NASH) [7] Group 4 - Samsung Electronics aims to expand HBM3E chip supply to become Broadcom's largest supplier and plans to exit the consumer electronics SSD market to focus on AI industry supply [9] - Toyota announced plans to build a manufacturing plant in the U.S. and issue bonds worth up to 5 billion Indian Rupees, while recalling nearly 100,000 vehicles due to safety issues [9] - SK Hynix has ordered a hot-press bonding machine from ASMPT for HBM4 production, anticipating DRAM shortages to persist until 2028 [9] Group 5 - Volkswagen Group announced the first closure of a domestic production line in Germany in 88 years, significantly reducing the budget for its battery subsidiary PowerCo [12] - Porsche is adjusting its 718 EV platform to accommodate internal combustion engines due to slowing demand for pure electric vehicles, incurring approximately £6.65 billion in conversion costs [12] - HSBC has sent privatization documents for Hang Seng Bank, with a court meeting and shareholder meeting scheduled for January 1, 2026 [12]

金吾财讯 | 汇丰控股旗下汇丰英国承诺，其327家分行至少营业至2027年，明年投资于发展分行网络的 投资额为5580万英镑，按年增长32.86%。该笔资金将用于翻新和现代化改造英国各地的分行。汇丰英 国表示，分行使用率维持强劲，每间分行平均每月有82.5万名客户到访，柜员机每月交易量逾200万 宗。汇丰银行英国分行网络主管Sally Williams表示，大力投资分行网络，以便能够继续为客户处理复杂 的服务，以及在有需要时与客户面对面交流。 金吾财讯 | 汇丰控股旗下汇丰英国承诺，其327家分行至少营业至2027年，明年投资于发展分行网络的 投资额为5580万英镑，按年增长32.86%。该笔资金将用于翻新和现代化改造英国各地的分行。汇丰英 国表示，分行使用率维持强劲，每间分行平均每月有82.5万名客户到访，柜员机每月交易量逾200万 宗。汇丰银行英国分行网络主管Sally Williams表示，大力投资分行网络，以便能够继续为客户处理复杂 的服务，以及在有需要时与客户面对面交流。 ...

都有成本。 钱转出去了，想转回来却成了难题。 王腾飞看着香港账户里的数字发呆，年初港股打新的盈利、加上多年的积蓄，足够付一套婚房的首付，但当他尝试将 资金转回内地时，却发现并不简单：这笔钱超过个人每年5万美元的换汇额度，需要分年操作；如果留在香港，当地 存款利率已不再具有优势。 "钱明明在那里，却不知道该怎么安全地拿回来。"他苦笑道。 抱着试试看的心态，卢元依照中介指引在线提交了材料，开设了一个境外虚拟账户。据对方介绍，这个账户具有与实 体银行卡相似的核心功能，全程在线即可完成开通。 过去几年，在内地居民资产配置多元化与跨境业务拓展的需求驱动下，赴境外尤其是香港开设银行账户一度蔚然成 风。境外账户似乎意味着更自由的资金流动，但实际操作中，从转入到转出，每一步都可能遇到意想不到的障碍。资 金损耗、地区规则差异，甚至账户冻结，形成了一张隐形的成本网。 与此同时，针对跨境资金流动的监管也进一步趋严。2026年1月1日起，针对跨境汇款业务，单笔人民币5000元或外币 等值1000美元以上汇款，需核实汇款人信息的准确性。近期，内地客户赴港开户难度也在增加，且部分银行针对2026 年非香港身份证新开户账户或将加收管理费。 ...