Core Viewpoint - HSBC Holdings announced the appointment of Sun Wei as an independent non-executive director and member of the Group Risk Management Committee and the Nomination and Corporate Governance Committee, effective January 1, 2026 [1] Group 1: Appointment Details - Sun Wei, aged 69, retired from Morgan Stanley in 2022 and has since served as a senior advisor for the company [1] - Prior to his retirement, Sun Wei held the position of Co-CEO for Morgan Stanley Asia Pacific and served as CEO for Morgan Stanley China from 2006 to 2022 [1] Group 2: Previous Experience - Before joining Morgan Stanley, Sun Wei held several senior regulatory positions at the Hong Kong Securities and Futures Commission, where he contributed to establishing regulatory frameworks and facilitating the overseas listing of Chinese enterprises [1]

Core Viewpoint - HSBC Holdings has appointed Wei Sun Christianson, aged 69, as an independent non-executive director, effective January 1, 2026 [1] Group 1 - Wei Sun Christianson will also serve as a member of the Group Risk Management Committee and the Nomination and Corporate Governance Committee [1]

Group 1 - HSBC Holdings has appointed Wei Sun Christianson, aged 69, as an independent non-executive director [1] - Wei Sun Christianson will also serve as a member of the Group Risk Management Committee and the Nomination and Corporate Governance Committee [1] - The appointment will take effect from January 1, 2026 [1]

Core Viewpoint - HSBC Holdings has appointed Wei Sun Christianson, aged 69, as an independent non-executive director and a member of the Group Risk Management Committee and the Nomination and Corporate Governance Committee, effective from January 1, 2026 [1] Group 1 - The appointment of Wei Sun Christianson is part of HSBC's strategy to enhance its governance and risk management frameworks [1] - Wei Sun Christianson brings extensive experience to the board, which may strengthen the company's oversight capabilities [1] - The effective date of the appointment is set for January 1, 2026, indicating a planned transition [1]

(香港股份代號 : 5) HSBC Holdings plc 滙豐控股有限公司 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。 2025 年 11 月 11 日 董事會及下設委員會成員變動 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 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：利伯特*、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†及張瑞蓮†。 * 獨立非執行主席 † 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 英格蘭及威爾斯註冊有限公司。註冊編號 617987 2025 年 11 月 11 日 HSBC ...

Market Outlook - HSBC chief multi-asset strategist Max Kettner discusses market outlooks [1] Expert Analysis - Max Kettner from HSBC provides insights on market trends [1]

Economic Outlook - GDP growth expectations for Q4 are projected at 1%, with Q1 at 1.3% [2] - Earnings growth expectations for Q4 are flat quarter over quarter, with eight of the eleven S&P sectors expected to show sequential negative earnings growth [2][4] Sector Analysis - The technology sector is expected to see sequential positive earnings growth due to seasonal factors, while most other sectors are anticipated to post negative earnings growth [4] - There has been a noticeable shift in investor sentiment regarding the labor market, AI bubble, and private credit concerns over the past few weeks [6][7] Investment Sentiment - Investor positioning has shifted from being underinvested and ready to buy dips to expressing significant concerns about market risks [6] - The potential cliff event for AI capital expenditures is anticipated between 2026 and 2027, suggesting a borrowing of growth into 2026 that may impact future growth [9]

Group 1: Event Overview - The 8th China International Import Expo (CIIE) opened in Shanghai on November 5, showcasing global cutting-edge technologies and products, highlighting China's market attractiveness and commitment to sharing development opportunities with the world [1] Group 2: Procter & Gamble - Procter & Gamble (P&G) participated for the seventh consecutive year, presenting nearly 100 high-end products across nine categories, including innovative items like OLAY's Super Red Bottle and Head & Shoulders' first selenium-based anti-dandruff shampoo [2] - P&G's CEO for Greater China emphasized the importance of connecting with consumers through technological innovation and local insights, aiming to create valuable and warm living experiences [2] - P&G made significant progress in sustainability, introducing solutions like heat pump technology and eco-friendly packaging, which could reduce plastic usage by several tons annually [2] Group 3: YK Life - YK Life, a health brand under Haier Group, showcased over 60% of its products as first-time exhibits, focusing on AI-driven healthcare solutions [3] - The brand introduced innovative products in various scenarios, including a high-speed centrifuge for life sciences and AI-powered hospital solutions, enhancing medical service efficiency [3] - YK Life is promoting cross-industry collaboration in healthcare, integrating resources from life sciences, clinical medicine, and biotechnology to create intelligent management solutions [3] Group 4: Samsung - Samsung displayed cutting-edge products in AI, display technology, semiconductors, and smart home appliances, including the Micro RGB TV and the lightweight W26 foldable phone [4] - The company introduced the AI Home ecosystem, aiming to create more convenient, efficient, and safe daily living environments [4] Group 5: HSBC - HSBC highlighted its global business advantages at the expo, reaffirming its long-term commitment to the Chinese market and its intention to contribute to China's prosperous development [5] - The event generated significant social media engagement, with a high interaction efficiency score, indicating strong user participation and content quality [5] - The expo reflects China's ongoing commitment to high-level openness and quality development, providing new opportunities for the global economy [5]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1][2]. Company Overview: HSBC - HSBC currently holds a Momentum Style Score of B, indicating a favorable momentum outlook [3]. - The bank has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [4]. Performance Metrics - Over the past week, HSBC shares increased by 4.58%, outperforming the Zacks Banks - Foreign industry, which rose by 1.44% [6]. - In the last month, HSBC's stock price changed by 6.95%, compared to the industry's 3.63% [6]. - Over the past quarter, HSBC shares have risen by 9.49%, and over the last year, they have gained 52.05%, while the S&P 500 increased by 6.25% and 14.72%, respectively [7]. Trading Volume - HSBC's average 20-day trading volume is 1,841,628 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the last two months, three earnings estimates for HSBC have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $6.89 to $7.27 [10]. - For the next fiscal year, three estimates have also moved higher, indicating positive sentiment regarding future earnings [10]. Conclusion - Given the positive performance metrics and earnings outlook, HSBC is positioned as a strong buy with a Momentum Score of B, making it a compelling option for investors seeking short-term gains [11][12].

Core Viewpoint - HSBC has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in stock price movements [4]. HSBC's Earnings Outlook - HSBC is projected to earn $7.27 per share for the fiscal year ending December 2025, with no year-over-year change expected [8]. - Over the past three months, the Zacks Consensus Estimate for HSBC has increased by 4.2%, reflecting a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of HSBC to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].