【导读】汇丰控股公告建议将恒生银行私有化，对价为每股155港元 中国基金报记者 张舟 香港金融市场迎来重磅消息！ 10月9日早间，汇丰控股及恒生银行联合发布重磅公告， 宣布汇丰亚太作为要约人，已要求 恒生银行董事会向计划股东提呈私有化建议，交易估值约为2903亿港元。 根据公告，此次私有化将根据公司条例第673条下的协议安排方式进行，若计划最终生效，恒 生银行计划股份将全部注销，股东每股可获155港元现金对价。 作为香港银行业的重要参与者，恒生银行此次私有化提议迅速引发市场广泛关注，两大金融 品牌的未来协同与独立运营规划成为焦点。 10月9日，港股恒生银行盘初一度飙涨41%。截至记者发稿，恒生银行涨26.3%，报150.3港 元/股，最新市值为2819亿港元。 汇丰亚太需支付现金约为1061.56亿港元 公告明确了此次私有化的核心交易条款。 根据公告细节，此次私有化对价定为每股155港元，较恒生银行前一交易日每股119港元的收 盘价溢价30.3%，隐含2025年上半年市账率1.8倍，显著高于香港同业水平。 若计划生效，汇丰亚太需向计划股东支付的现金总额约为1061.56亿港元。 值得注意的是，恒生银行2025 ...

Core Viewpoint - HSBC Holdings plans to privatize Hang Seng Bank and apply for the withdrawal of its listing status, offering a price per share at a premium of over 30% [1] Group 1: Company Actions - HSBC's privatization of Hang Seng Bank is seen as a proactive measure that should have been implemented earlier due to governance issues arising from both the parent and subsidiary being listed in Hong Kong [1] - The privatization will allow HSBC to continue serving the Hong Kong market under both the HSBC and Hang Seng brands [1] Group 2: Analyst Insights - Morningstar senior equity analyst Michael Makdad believes that while the privatization will require HSBC to pay a premium, it is not expected to have a positive impact on the fair value estimate [1] - Makdad anticipates that the move could lead to certain cost synergies for HSBC [1]

Core Viewpoint - HSBC Holdings plans to privatize Hang Seng Bank through an agreement, with a buyout price of HKD 155 per share, representing a 30% premium over the previous closing price [1] Group 1: Transaction Details - HSBC announced the privatization of Hang Seng Bank, intending to withdraw its listing status [1] - The proposed buyout price is set at HKD 155 per share, which is a 30% premium compared to Hang Seng Bank's last closing price [1] - HSBC has stated that the offered price will not be increased further [1] Group 2: Regulatory Response - The Hong Kong Monetary Authority (HKMA) acknowledged the plan and is in communication with the involved banks for regulatory approval [1] - HKMA emphasized that HSBC has indicated this transaction is a significant investment in Hong Kong [1] - Post-transaction, both HSBC and Hang Seng Bank will continue to operate as independent recognized financial institutions [1] Group 3: Market Implications - If completed, this transaction will mark a significant turning point for Hang Seng Bank in the Hong Kong capital market [1] - The deal is expected to further strengthen HSBC's business integration and development in Hong Kong and the Asia-Pacific region [1]

金管局强调，未来将继续与相关机构保持密切沟通，确保交易的顺利进行并维护香港金融市场的稳定。 此次交易若最终完成，将标志着恒生银行在香港资本市场的一个重要转折点，也将进一步强化汇丰控股 在香港及亚太地区的业务整合与发展。 10月9日，汇丰控股(00005)公布，计划以协议安排方式私有化恒生银行(00011)，并撤销恒生银行的上市 地位。根据汇控发布的声明，每股作价155港元，较恒生银行昨日收市价溢价30%。汇控还明确表示， 计划中的对价将不会进一步提高。 对此，香港金融管理局作出回应，表示已知悉有关计划，并且与相关银行保持沟通，按照既定的机制和 程序进行监管审批。金管局指出，汇丰控股已表明，此项交易是对香港的一项重大投资，交易完成后， 香港上海汇丰银行与恒生银行将继续作为两家独立的认可金融机构运营。 ...

格隆汇10月9日｜恒生银行(0011.HK)盘初飙升41%，报168港元，股价创历史新高。消息面上，恒生银 行在港交所公告，汇丰亚太作为要约人，已要求恒生银行董事会向计划股东提呈建议，根据公司条例第 673条以协议安排方式将恒生银行私有化。 倘若计划生效，计划股份将予以注销，以换取计划对价，即持有每股计划股份可获现金155.00港币。公 告称，汇丰十分尊重恒生银行的独特地位，计划继续透过汇丰及恒生银行两大品牌，服务香港市场。因 此，恒生银行将保留其根据香港银行业条例所独立获授的持牌银行认可，并维持独立的企业管治、品牌 形象、独特的市场定位，以及分行网络。 ...

每经AI快讯，10月9日，港股恒生银行盘初一度飙升41％，报168港元，股价创历史新高。 （文章来源：每日经济新闻） ...

在接获建议后，恒生董事会已即时成立独立董事委员会，由五位无利害关系的独立非执行董事组成，负 责审议该建议的条款是否属公平及合理，并向股东提供推荐建议。董事会将于获独立董事委员会批准 后，委任独立财务顾问，就该建议向独立董事委员会提供专业意见。该建议仍须符合若干先决条件，包 括但不限于恒生法院会议及股东大会上获批准，以及获香港高等法院批准该协议安排。 消息面上，恒生银行今早发布公告称，汇丰亚太作为要约人，已要求恒生银行董事会向计划股东提呈建 议，根据公司条例第673条以协议安排方式将恒生银行私有化。据该建议，若协议安排获批准并生效， 恒生的计划股份将被注销，其股东可就每股计划股份收取现金155港元(须扣除股息调整金额，如有)。 恒生确认，2025年第三次中期股息将如期派发予股东，且不会从上述计划对价中扣除。然而，于该公告 日期后宣派、且记录日期在计划生效日期前的所有其他股息，将从每股对价中相应扣除。 恒生银行(00011)高开近15%，截至发稿，涨14.96%，报136.8港元，成交额4450.1万港元。 ...

Core Insights - The Hang Seng Index opened up by 0.12%, while the Hang Seng Tech Index increased by 0.41% [1] - Pharmaceutical stocks are gaining momentum, with Innovent Biologics rising nearly 3% after reaching a licensing agreement worth over $2 billion with Zenas [1] - Technology stocks remain active, with NIO increasing by nearly 2% [1] - Precious metals and related industries saw a slight pullback, with Chifeng Jilong Gold Mining dropping over 3% [1] - Hang Seng Bank experienced a significant jump of 15% following HSBC's proposal to privatize the bank, with a transaction value of approximately HKD 290.7 billion [1][2] Market Performance - The Hang Seng Index stands at 26,862.03, reflecting an increase of 32.57 points or 0.12% [2] - The Hang Seng Tech Index is at 6,540.81, showing an increase of 26.62 points or 0.41% [2]

Group 1 - The core point of the news is that local bank stocks in Hong Kong have collectively risen, driven by a significant increase in Hang Seng Bank's share price, which surged nearly 15% following a privatization proposal [1] - Hang Seng Bank announced that HSBC Asia Pacific, as the offeror, has requested the board to present a proposal to shareholders for privatization under section 673 of the Companies Ordinance [1] Group 2 - Hang Seng Bank's stock rose by 14.96%, reaching a latest price of 136.800, with a total market capitalization of 256.01 billion and a year-to-date increase of 52.42% [2] - East Asia Bank's shares increased by 8.02%, with a latest price of 13.200 and a market cap of 34.805 billion, reflecting a year-to-date rise of 45.21% [2] - Dah Sing Banking Group's stock rose by 7.18%, with a latest price of 10.600 and a market cap of 14.901 billion, showing a year-to-date increase of 41.33% [2] - Bank of China Hong Kong's shares increased by 2.15%, with a latest price of 37.000 and a market cap of 391.193 billion, marking a year-to-date rise of 61.21% [2] - Standard Chartered Group's stock saw a modest increase of 0.65%, with a latest price of 154.000 and a market cap of 353.058 billion, reflecting a year-to-date increase of 66.64% [2]

Group 1 - The Hang Seng Index opened up 0.12%, and the Hang Seng Tech Index rose by 0.41%, with New Oriental, Meituan, and JD Group all increasing by over 1%. Hang Seng Bank surged nearly 15% following HSBC's suggestion to privatize the bank [1] - Guotai Junan Securities noted that the Federal Reserve's increasingly dovish stance is likely to improve overseas liquidity, contributing to the recent rise in Hong Kong stocks despite earnings downgrades in August and September. The firm raised its 2025 target for the Hang Seng Index to 29,000 points based on a weighted risk premium assessment [1] - Zheshang International observed that the Hong Kong stock market has shown a strong upward trend over the past five months, although the overall fundamentals remain weak. The firm maintains a cautiously optimistic outlook for the market, particularly favoring sectors like automobiles, new consumption, innovative pharmaceuticals, and technology that are expected to benefit from policy support [1] Group 2 - According to CMB International, the Hong Kong stock market continued its upward trend in September, driven by the resumption of US-China negotiations and expectations of overseas interest rate cuts. The technology sector's rotation has also provided significant support to the market [2] - The external environment remains favorable with the resumption of US-China trade talks, which has led to increased market expectations regarding progress on key issues such as tariff reductions and export controls. However, the market may enter a "quiet season" due to the National Day and Mid-Autumn Festival holidays, along with uncertainties surrounding the US government's short-term financing bill [2] - There are still divergences in market expectations regarding the timing and extent of potential interest rate cuts by the Federal Reserve, which may lead to market volatility in the short term [2]