期货日报网讯（记者 刘威魁）汇丰集团近期面向全球企业的一项贸易前景调查显示，随着关税和贸易 政策的不确定性持续影响国际贸易，全球企业普遍面临成本攀升、收入下降等压力，并正调整贸易策略 积极应对。在此背景下，中国依然是全球企业计划增加贸易往来、加码生产制造的主要市场。与此同 时，中国企业以创新动力和全球布局为突破，对进一步提升国际业务保持乐观。 汇丰银行（中国）有限公司行长兼行政总裁王云峰表示："由关税干扰引发的全球贸易动荡无疑给商业 活动带来了巨大冲击，全球企业正在通过拓展新市场和提升供应链管理等多种方式积极应对挑战。我们 的调查进一步印证了亚洲市场间的经贸联系正在深化，同时亚洲与中东之间的贸易走廊也愈发活跃，而 中国依然是世界贸易版图的重心所在。我们坚信，未来中国市场将以科技创新的强大潜力，叠加市场规 模、产业链供应链等传统优势，继续为海内外企业提供增长'引擎力'。" 尽管面临贸易逆风，令人鼓舞的是，全球企业（89%）对未来两年内实现国际业务增长仍抱有信心，其 中也包括中国企业（90%）。具体来看，超八成（84%）中国受访企业将当下面临的压力视为创新的催 化剂，并促使他们积极寻求新机遇来应对挑战，包括开拓新 ...

Key Takeaways HSBC plans to inject $4B into HSBC AM's private credit funds to boost profitability. The move targets building a $50B credit fund by attracting more external capital. This aligns with HSBC's broader restructuring strategy to boost profitability through high-growth markets.HSBC Holdings PLC (HSBC) is set to deploy $4 billion into its private credit funds to drive profits higher. Nicolas Moreau, CEO of HSBC Asset Management (HSBC AM), revealed it in an interview with Reuters.Rationale Behind H ...

Core Viewpoint - HSBC Holdings PLC is exiting its Business Banking portfolio in the United States, affecting approximately 4,500 clients, as part of its strategic shift towards Asia and the Middle East and ongoing business simplification efforts [1][2][9]. Group 1: Business Strategy - The decision to close the Business Banking division follows a strategic review aimed at streamlining operations and enhancing focus on Asia [2][3]. - HSBC is merging its commercial banking division with its global banking and markets unit, which includes investment banking, under the leadership of CEO Georges Elhedery [4]. Group 2: Restructuring Efforts - The restructuring initiative includes reducing the bank's senior staff and cutting workforce in various regions, including a reported 10% reduction in France [5]. - HSBC has also announced plans to divest from several markets, including the sale of its private client trust business and retail banking operations in Bahrain [6]. Group 3: Organizational Changes - In October 2024, HSBC revealed plans to simplify its organizational structure into four distinct lines of business: Hong Kong, UK, Corporate & Institutional Banking, and International Wealth & Premier Banking [7]. - Leadership teams for these segments were appointed in December 2024 as part of the restructuring process [7]. Group 4: Market Performance - HSBC shares have increased by 24.9% over the past six months, outperforming the industry growth of 22.1% [8].

Group 1 - HSBC Holdings repurchased 2.6 million shares on May 30, costing HKD 243.4 million [1] - On the same day, HSBC also repurchased 2 million shares on other exchanges, costing GBP 17.1 million [1]

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6月2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 ...

Group 1 - HSBC is winding down its business banking unit in the U.S., laying off 40 employees and notifying 4,400 clients as it shifts focus to other markets [1] - The bank has been withdrawing from international markets, concentrating on Hong Kong, the U.K., and Asia since CEO Georges Elhedery took over [2] - HSBC previously sold its U.S. retail banking business in 2021 and Canadian operations in 2022, while maintaining a wealth division and a wholesale bank in the U.S. [3] Group 2 - CEO Georges Elhedery has a history of leading through change and driving growth, having been with HSBC since 2005 [4] - Elhedery expressed a commitment to delivering exceptional value to clients and investors through sustainable growth [5] - The restructuring announced in October aims to streamline decision-making and eliminate redundancies, allowing HSBC to focus on businesses with competitive advantages [6]

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5月30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 | | 庫存股份變動 | | | | | 事件 ...

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分 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 。 2025 年5月30日 （香港股份代號 : 5） HSBC Holdings plc 滙豐控股有限公司 發行永久後償或有可轉換證券 隨附之公告現正於若干 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 公司秘書長 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： 杜嘉祺爵士*、艾橋智、鮑哲鈺†、段小纓†、范貝恩女爵士†、傅偉思†、高安賢†、古肇華†、郭珮瑛、 麥浩智博士†、莫佩娜†、梅愛苓†、利伯特†及張瑞蓮†。 * 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 在英格蘭及威爾斯註冊成立之有限公司。註冊編號： 617987 非於美國發布或分發 ...

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5月29日 FF305 | 1). | 在英國購回以作註銷但尚未註銷之股份 | 716,413 0.004075 % | GBP | 8.6903 | | --- | --- | --- | --- | --- | | | 變動日期 2025年5月27日 | | | | | 2). | 在英國購回以作註銷但尚未註銷之股份 | 5,340,537 0.030378 % | GBP | 8.69 | | | 變動日期 2025年5月28日 | | | | | 3). | 在香港購回以作註銷但尚未註銷之股份 | 3,218,800 0.018309 % | HKD | 90.3594 | | | 變動日期 2025年5月15日 | | | | | 4). | 在香港購回以作註銷但尚未註銷之股份 | 2,241,600 0.012751 % | HKD | 90.8513 | | | 變動日 ...

Core Viewpoint - HSBC is focusing on an Asia-centric growth strategy while Santander is reinforcing its presence in Europe and the Americas, leading to a comparison of their investment opportunities [2][22]. HSBC Overview - HSBC is intensifying its Asia-focused strategy, aiming to become a leading wealth manager for high-net-worth clients in Asia, which constitutes over half of its operations [3]. - The bank is expanding its wealth business in mainland China by launching lifestyle-based wealth centers, acquiring Citigroup's retail wealth portfolio, and enhancing digital capabilities [3]. - In India, HSBC plans to open 20 new branches, expanding from 26 branches in 14 cities, to capture the projected 50% growth in the ultra-high-net-worth population by 2028 [4]. - HSBC announced a $1.5 billion cost-saving plan tied to organizational simplification, with upfront charges estimated at $1.8 billion by 2026 [5]. - The bank is divesting operations in several countries, including the U.S., Canada, and Argentina, to sharpen focus and improve returns [6]. - Revenue generation has been subdued due to a challenging macroeconomic environment, with weak loan demand impacting top-line growth [7]. Santander Overview - Santander is streamlining operations and reallocating resources to strengthen its presence in high-growth markets across Europe and the Americas [8]. - The bank sold a 49% stake in its Polish banking unit, expecting to temporarily exceed its CET1 capital ratio target of 12-13% and plans to reinvest strategically [8]. - Approximately €3.2 billion in capital released from the sale will be returned to shareholders through buybacks, supporting a €10 billion buyback target for 2025-2026 [9]. - Santander plans to close around 20 retail branches in the U.S. to align with the shift to digital banking, supporting the expansion of its digital platform, Openbank [10]. - The One Transformation program aims to drive digitalization and operational efficiency, keeping Santander on track to meet its 2025 targets of €62 billion in revenues [11]. Earnings Estimates Comparison - HSBC's earnings estimates for 2025 and 2026 indicate growth of 5.1% and 3%, respectively, with recent revisions showing mixed trends [12]. - In contrast, Santander's earnings estimates suggest increases of 15.7% for 2025 and 7% for 2026, with upward revisions over the past month [14]. Price Performance and Valuation - Year-to-date, Santander's shares have increased by 76.6% on the NYSE, while HSBC's shares have gained 19.6% [16]. - HSBC is trading at a price/tangible book (P/TB) of 1.06X, higher than its five-year median of 0.75X, while Santander is at 1.36X, above its five-year median of 0.71X [18]. - HSBC's return on equity (ROE) stands at 12.55%, slightly above Santander's 12.26%, indicating efficient use of shareholder funds [20]. Investment Outlook - Santander is viewed as the better investment opportunity due to its stronger near-term earnings outlook and superior stock performance [22]. - HSBC's pivot to Asia and wealth management could yield significant long-term returns, but current revenue growth and earnings performance raise concerns [26].