智通财经获悉，汇丰控股(00005)早盘涨近3%，截至发稿，涨2.6%，报114.6港元，成交额5.21亿港元。 据了解，"Cum‑Cum" 与 "Cum‑Ex" 均为欧洲市场曾出现的股息相关逃税操作，其中 "Cum‑Cum" 主要利 用跨境税收差异套利，而 "Cum‑Ex" 更侧重通过高频交易制造股权归属模糊以骗取多重退税。汇丰作为 欧洲大型金融机构，被指在2000年代末至2010年代初深度参与此类交易，尤其在德国、法国等市场较为 活跃。 本文源自：智通财经网 消息面上，据12月10日市场消息，有知情人士透露，汇丰控股准备支付约3亿美元，以了结一起法国刑 事案件，该案涉及汇丰在所谓"Cum-Cum"股息逃税丑闻中涉嫌扮演的角色。这起丑闻也牵扯到法国一 些最大的银行。所谓Cum-Cum交易背后的逻辑，是让持有法国股票的外国股东在分红季期间将证券借 给免税实体，例如当地银行，来避免预扣税款。汇丰、法国国家金融检察院和法国税务官员均不予评 论。 ...

每经AI快讯，汇丰控股(00005.HK)早盘涨近3%，截至发稿，涨2.6%，报114.6港元，成交额5.21亿港 元。 （文章来源：每日经济新闻） ...

消息面上，据12月10日市场消息，有知情人士透露，汇丰控股准备支付约3亿美元，以了结一起法国刑 事案件，该案涉及汇丰在所谓"Cum-Cum"股息逃税丑闻中涉嫌扮演的角色。这起丑闻也牵扯到法国一 些最大的银行。所谓Cum-Cum交易背后的逻辑，是让持有法国股票的外国股东在分红季期间将证券借 给免税实体，例如当地银行，来避免预扣税款。汇丰、法国国家金融检察院和法国税务官员均不予评 论。 智通财经APP获悉，汇丰控股(00005)早盘涨近3%，截至发稿，涨2.6%，报114.6港元，成交额5.21亿港 元。 据了解，"Cum‑Cum" 与 "Cum‑Ex" 均为欧洲市场曾出现的股息相关逃税操作，其中 "Cum‑Cum" 主要利 用跨境税收差异套利，而 "Cum‑Ex" 更侧重通过高频交易制造股权归属模糊以骗取多重退税。汇丰作为 欧洲大型金融机构，被指在2000年代末至2010年代初深度参与此类交易，尤其在德国、法国等市场较为 活跃。 ...

汇丰控股(00005)早盘涨近3%，截至发稿，涨2.6%，报114.6港元，成交额5.21亿港元。 消息面上，据12月10日市场消息，有知情人士透露，汇丰控股准备支付约3亿美元，以了结一起法国刑 事案件，该案涉及汇丰在所谓"Cum-Cum"股息逃税丑闻中涉嫌扮演的角色。这起丑闻也牵扯到法国一 些最大的银行。所谓Cum-Cum交易背后的逻辑，是让持有法国股票的外国股东在分红季期间将证券借 给免税实体，例如当地银行，来避免预扣税款。汇丰、法国国家金融检察院和法国税务官员均不予评 论。 据了解，"Cum Cum"与"Cum Ex"均为欧洲市场曾出现的股息相关逃税操作，其中"Cum Cum"主要利用 跨境税收差异套利，而"Cum Ex"更侧重通过高频交易制造股权归属模糊以骗取多重退税。汇丰作为欧 洲大型金融机构，被指在2000年代末至2010年代初深度参与此类交易，尤其在德国、法国等市场较为活 跃。 ...

Market Overview - The Hang Seng Index opened up by 0.66% at 25,710.61 points, while the Hang Seng Tech Index rose by 0.55% to 5,611.93 points [1][2]. Sector Performance - The Hang Seng Biotechnology Index increased by 0.44% to 15,159.39 points, and the Hang Seng China Enterprises Index gained 0.58% to 9,006.27 points [2]. - The Hang Seng Composite Index saw a rise of 0.71%, reaching 3,940.90 points [2]. Notable Stocks - Stocks such as Pop Mart, Zijin Mining, and HSBC opened with gains exceeding 2% [2]. - Tech stocks showed strength, with companies like NetEase, Alibaba, and Bilibili all rising over 1% [3]. Individual Stock Movements - Kingdee International rose by 2.00% to 14.250, while Midea Group increased by 1.63% to 90.450 [4]. - Alibaba's stock price reached 155.000, reflecting a 1.17% increase, and NetEase rose to 213.200, up by 1.14% [4]. - Other notable movements included Tencent Holdings at 609.000 (+1.00%) and BYD Company at 98.400 (+0.66%) [4].

Group 1 - The top short-selling ratios are led by China Resources Beer (80291), AIA Insurance (81299), and Anta Sports (82020), all at 100.00% [1][2] - The highest short-selling amounts are recorded for Alibaba (09988) at 1.485 billion, Tencent Holdings (00700) at 1.163 billion, and China Construction Bank (00939) at 921 million [1][2] - The highest deviation values are for China Resources Beer (80291) at 37.08%, AIA Insurance (81299) at 34.84%, and Spring Health (01858) at 34.29% [1][2] Group 2 - The top ten short-selling ratios include JD Health (86618) at 100.00%, SenseTime (80020) at 89.60%, and Lenovo Group (80992) at 87.78% [2] - The top ten short-selling amounts also feature Xiaomi Group (01810) at 914 million and Pop Mart (09992) at 826 million [2] - The top ten short-selling deviation values include Baidu Group (89888) at 32.64% and Yum China (09987) at 29.58% [2]

Group 1 - HSBC Holdings saw a more than 4% increase in intra-day trading after BofA Securities upgraded the stock to Buy from Neutral, highlighting significant upside potential linked to growth in Hong Kong deposits and Asia-based wealth management [1] - BofA Securities noted that HSBC has competitive advantages in both Hong Kong deposits and wealth management, with management committing to additional investments in these areas [1] - The forecast from BofA indicates that increased resource allocation will enhance HSBC's market positioning and drive share gains [1] Group 2 - BofA's EPS estimates for HSBC in 2026 and 2027 are projected to be 7% to 9% above consensus, driven by higher revenue expectations and an anticipated increase in share repurchases [2] - The expected share repurchase run-rate is projected to return to $2–3 billion per quarter starting in the second quarter [2]

Core Viewpoint - HSBC Holdings is preparing to pay approximately $300 million to resolve a French criminal investigation related to its involvement in the "Cum-Cum" tax scandal [1] Group 1 - The settlement amount of around $300 million indicates the financial implications of the ongoing legal issues faced by HSBC [1] - The investigation pertains to allegations of HSBC's role in a tax evasion scheme known as the "Cum-Cum" scandal, which has significant legal and reputational consequences for the company [1]

格隆汇12月10日｜汇丰控股CEO艾桥智表示，在他15个月前对该行进行重组前，很多高层主管并未对其 管辖的业务负起全部责任。他接管汇丰后，几乎将营运委员会的规模减半，并取消他认为会令主管逃避 决策责任的共同管理职位。他提到，要令汇丰成为一家更精简的银行，仍有更多工作需要完成。他亦持 续推动该行转型，包括裁减数千个职位、关闭多项业务及合并其他业务。精简业务的过程中，艾桥智致 力将AI整合到营运中，目前该行已为约17万名员工提供AI工具。他认为，使用AI无可避免的，是员工 在未来5年内保持职场竞争力的关键。 ...

（来源：吴说） 来源：市场资讯 汇丰最新报告称，美国围绕"美国股票代币化"监管的争论加速升级，传统金融机构与加密行业在是否应 将 DeFi 交易基础设施视作传统交易所上立场对立。报告指出，Citadel Securities 向 SEC 递交 13 页文 件，主张多数 DeFi 协议应按交易所监管，否则将导致监管套利与更弱的"影子市场"。加密行业则以 Coinbase 全球监管政策副总裁 Scott Bauguess 为代表，呼吁制定更符合去中心化模型的规则。汇丰表 示，SEC 最终取向仍不明确，但预计不会允许面向美国用户的链上股票市场享有明显低于传统交易所 的监管强度，监管沙盒或成为可行方案。(CoinDesk) ...