汇丰控股(00005)发布公告，将于2025年12月18日派发2025年第三次股息每股0.777722港元。 ...

| 香港 | | | --- | --- | | 代扣所得稅信息 | | | 股息所涉及的代扣所得稅 | 不適用 | | 發行人所發行上市權證/可轉換債券的相關信息 | | | 發行人所發行上市權證/可轉換債券 | 不適用 | | 其他信息 | | | 滙豐控股有限公司董事會於2025年10月28日批准就截至2025年12月31日止財政年度派發第三次股息每股普通股0.1美元。此項股 | 息將於2025年12月18日派付予2025年11月7日名列英國主要股東名冊、香港海外股東分冊或百慕達海外股東分冊之股東。股息將 | | 以美元、英鎊或港元，或該三種貨幣組合之現金分派。 | | | 以港元或英鎊派發之現金股息，已按倫敦之英國滙豐銀行有限公司於2025年12月8日上午11時正或前後所報之遠期匯率（1美元 | | | =7.777220港元及1英鎊=1.331935美元），由美元兌換成有關貨幣。因此，將於2025年12月18日支付之現金股息為： | | | 每股普通股0.1美元； | | | 每股普通股約0.777722港元；或 | | | 每股普通股約0.075079英鎊。 | | | 美國預託股份（每一股代表五 ...

3 December 2025 Beyond the bubble Asset Allocation Further evidence of ROI from AI Reassessing the "AI bubble" narrative Fears of a trillion-dollar "AI bubble" are growing among investors. Critics claim that AI is overhyped, with unclear ROI, overheated investments, and limited commercial applications. As a result, some investors are concerned that we have already stepped into a bubble territory. We disagree. 95% – the dubious figure that started it all A report released by MIT NANDA in July contained a sta ...

Group 1 - Doubao mobile assistant faces login restrictions from Alibaba apps, including Taobao and Xianyu, due to security measures [3][4] - Doubao assistant claims it does not bypass authentication for sensitive operations and plans to adjust AI capabilities in certain scenarios [4][5] - The initial release of Doubao mobile assistant sold out quickly, with second-hand prices significantly higher than the official price, indicating strong market interest [5] Group 2 - The T800 humanoid robot from Zhongqing Robotics gained attention after a video showed it kicking the CEO, highlighting the robot's capabilities [6][9] - T800 is priced starting at 180,000 yuan and features advanced joint modules and sensory technology for various tasks [9] Group 3 - Jiuyue Automotive is undergoing bankruptcy restructuring, with plans to introduce new investors while Baidu seeks to exit its investment [10][11] - The restructuring faces challenges due to significant debt, estimated at 7 billion yuan, with major stakeholders like Geely and Baidu involved [11] Group 4 - Apple CEO Tim Cook reportedly experiences hand tremors, raising concerns among employees amid significant executive turnover at the company [12][13] Group 5 - New Oriental employee expresses dissatisfaction with the company's overtime culture, leading to internal repercussions [14][15] - The employee's complaints highlight issues with work-life balance and management practices within the company [14][15] Group 6 - Canon's Zhongshan factory announced generous severance packages for laid-off employees, with compensation reaching up to 400,000 yuan [16] - The factory's closure is part of a broader trend of production capacity shifting to Southeast Asia [16] Group 7 - A controversy arose when the chairman of Aibisen rejected the position due to dissatisfaction with a salary of 4.35 million yuan, which was later attributed to a clerical error [17] Group 8 - Meta's CEO Mark Zuckerberg plans to shift focus away from the metaverse, with the division having incurred losses exceeding 70 billion dollars [18][19] Group 9 - Microsoft denies reports of lowering AI sales targets, clarifying the distinction between growth goals and sales quotas [20][21] Group 10 - Nvidia launched the Alpamayo-R1 model, aimed at advancing autonomous driving technology through a new visual language model [28][29] Group 11 - Li Auto introduced its first AI smart glasses, Livis, with a starting price of 1,699 yuan after subsidies, aiming to integrate AI capabilities into daily life [30][31] Group 12 - MiHoYo's co-founder launched an AI chat model, AnuNeko, which aims to create interactive NPCs for gaming, reflecting a unique approach to AI integration in games [33][34] Group 13 - SenseTime released the NEO architecture for multimodal models, marking a significant advancement in AI capabilities [35]

Nations Trust Bank (NTB) has received the Central Bank of Sri Lanka (CBSL) approval for its previously announced acquisition of the Retail Banking operations of Hongkong and Shanghai Banking Corporation, Sri Lanka (HSBC Sri Lanka). In September this year, HSBC Sri Lanka signed a binding agreement to transfer its Retail Banking operations to NTB. The acquisition would provide NTB with around 200,000 HSBC Sri Lanka customer accounts, including premium banking clients, retail loans and credit cards. It is ...

Core Viewpoint - HSBC is expanding its presence in Hong Kong by leasing over 40,000 sq ft in Capitol Centre, indicating a trend of finance and banking firms increasing their commercial space in the city [1][7]. Group 1: Lease Details - HSBC signed a five-year lease starting May 18, 2026, for five levels of the Capitol Centre, totaling 42,000 sq ft [1][2]. - The lease includes an option for HSBC to renew for an additional five years [2]. Group 2: Historical Context - HSBC will be the first non-fashion long-term tenant in the prime retail space since 2008, when Giordano leased the same area [4]. - Previous tenants included Forever 21 and Victoria's Secret, with the latter paying an estimated HK$7 million monthly before closing due to social unrest and the pandemic [5][6]. Group 3: Market Trends - The leasing activity reflects a broader trend of banking and finance firms expanding in Hong Kong, exemplified by Jane Street's recent agreement for 223,437 sq ft of office space at HK$30.6 million per month [7].

Core Viewpoint - The implementation of the upgraded Free Trade Account (FTA) in the Shanghai Free Trade Zone aims to facilitate cross-border capital flow and support the development of an international financial and trade center in Shanghai [1] Group 1: Implementation Details - The upgraded FTA implementation measures were officially launched on December 5, with HSBC China and Citibank China being the first foreign banks to participate in the pilot program [1] - HSBC China successfully opened an upgraded FTA for a multinational enterprise in the Shanghai Free Trade Zone, while Citibank China opened upgraded FTAs for four corporate clients on the same day [1] Group 2: Objectives and Benefits - The pilot program aims to explore the realization of free cross-border capital payments, meeting the new development needs of real enterprises and deepening the management of cross-border capital flow in the Shanghai Free Trade Zone [1] - The upgraded FTA is expected to significantly enhance the convenience of capital project fund allocation for enterprises, promoting efficient settlement, financing, and circulation of domestic and foreign funds around the real economy [1] Group 3: Industry Perspectives - HSBC China's Global Payments Solutions Managing Director highlighted that the pilot policy represents a new high-level financial opening in China, which will bring a "multiplier effect" to the liberalization and facilitation of cross-border trade and investment [1] - Citibank China's President emphasized that the Shanghai Free Trade Zone has always been at the forefront of China's financial reform, and the upgraded FTA will further enhance the efficiency and convenience of cross-border financial services in the zone [1]

Earlier this week, HSBC finally appointed its chair, and it wasn't who we were expecting. The bank had narrowed down its list of candidates to two, but then decided in a lastminute decision to stick with its interim chair, Brendan Nelson. It capped off a chaotic process that the bank had led, which showed that it didn't really have any succession planning.Is Brendan Nelson the right man for the job. Well, he's been on the board since 2023 and he has extensive financial services experience, but he's never be ...

（来源：四大新鲜事儿） 来源：四大新鲜事儿 利伯特于2023年9月加入董事会，并自2025年10月1日起担任临时集团主席。他拥有丰富的金融服务行业 经验，包括在KPMG领导全球金融服务业务，为国际银行提供顾问及审计服务，以及在BP、苏格兰皇 家银行和汇丰董事会任职。 是项决定乃于综合考虑集团内外人选的严谨程序后作出。 港股上市公司汇丰控股(00005.HK)于2025年12月3日发布了《集团主席之继任》公告。公告显示，董事 会委任利伯特为集团主席。 领导该程序的高级独立董事高安贤表示：作为董事会代表，我很高兴利伯特获委任为集团主席。自出任 临时集团主席以来，利伯特凭借银行及管治范畴的深厚积累，展现了卓越的领导才能。 利伯特表示：能够担任汇丰集团主席，本人深感荣幸。我很期待继续与董事会、艾桥智和更广泛的管理 团队携手合作，达成集团的策略和财务目标。 利伯特将继续担任集团监察委员会主席一职，直至2026年2月发布2025年业绩之时。汇丰将于适当时候 公布此职务继任的最新情况。 详细如下： 根据汇丰控股2024年年报披露，利伯特（75岁）个人简历如下： 才能及经验：在英国及国际金融及审核方面拥有深厚的专业知识及丰富 ...

Report Information - The report is from Fubon Securities (Asia) and focuses on bond market information, with the date of December 2, 2025 [1] Key Information of Top 20 Active Bonds Oracle Corporation - Two bonds with coupon rates of 5.2% and 6.25%, issuance dates of September 24, 2025, and November 7, 2022, respectively, and maturities in 2035 and 2032. Another bond with a 3.25% coupon was issued on November 7, 2017, and matures in 2027. Market prices range from 97.494 - 98.096, 105.539 - 106.123, and 97.641 - 98.203. YTMs are 5.45%, 5.19%, and 4.22%, respectively. Issuance volumes are 4 billion, 2.25 billion, and 2.75 billion USD [4] Raytheon Technologies Corporation - A bond with a 5.75% coupon, issued on November 6, 2023, matures on November 8, 2026. Market price is 101.196 - 101.748, YTM is 3.82%, and issuance volume is 1.25 billion USD [4] Standard Chartered Group Limited - A perpetual bond with a 7% coupon, issued on November 4, 2025, with the next call date on November 14, 2035. Market price is 101.888 - 102.821, YTM is 7.33%, and issuance volume is 1 billion USD [4] Bangkok Bank Public Company Limited/Hong Kong - Two bonds with coupon rates of 5.082% and 4.507%, issued on November 19, 2025, maturing in 2035 and 2030. Market prices are 99.79 - 100.358 and 99.915 - 100.473. YTMs are 5.04% and 4.4%, respectively. Issuance volumes are 600 million and 500 million USD [4] HSBC Holdings plc - A bond with a 5.133% coupon, issued on October 30, 2025, matures on November 6, 2036. Market price is 100.138 - 100.704, YTM is 5.1%, and issuance volume is 2.25 billion USD [4] Amazon.com, Inc. - Two bonds with coupon rates of 4.65% and 4.35%, issued on November 17, 2025, maturing in 2035 and 2033. Market prices are 100.202 - 100.768 and 100.025 - 100.581. YTMs are 4.55% and 4.26%, respectively. Issuance volumes are 3.5 billion and 1.5 billion USD [4] Meta Platforms, Inc. - Two bonds with coupon rates of 4.6% and 4.875%, issued on October 30, 2025, maturing in 2032 and 2035. Market prices are 100.832 - 101.384 and 100.384 - 100.959. YTMs are 4.37% and 4.75%, respectively. Issuance volumes are 4 billion and 6.5 billion USD [4] Alphabet Inc. - A bond with a 4.7% coupon, issued on November 3, 2025, matures on November 15, 2035. Market price is 100.904 - 101.483, YTM is 4.51%, and issuance volume is 3.5 billion USD [4] Goldman Sachs Group, Inc. - A bond with a 3.5% coupon, issued on November 10, 2016, matures on November 16, 2026. Market price is 99.243 - 99.831, YTM is 3.68%, and issuance volume is 2.75 billion USD [4] Visa Inc. - A bond with a 4.15% coupon, issued on December 9, 2015, matures on December 14, 2035. Market price is 96.842 - 97.443, YTM is 4.47%, and issuance volume is 1.5 billion USD [4] Lloyds Banking Group plc - A perpetual bond with a 6.625% coupon, issued on October 27, 2025, with the next call date on September 27, 2035. Market price is 98.952 - 99.822, YTM is 7.35%, and issuance volume is 1 billion USD [4] Sumitomo Mitsui Aviation Capital Finance - A bond with a 5.25% coupon, issued on November 19, 2025, matures on November 26, 2035. Market price is 99.741 - 100.333, YTM is 5.21%, and issuance volume is 750 million USD [4] First Abu Dhabi Bank PJSC - A perpetual bond with a 5.875% coupon, issued on November 20, 2025, with the next call date on May 28, 2031. Market price is 100.494 - 101.237, YTM is 6.67%, and issuance volume is 1 billion USD [4] Vale Overseas Limited - A bond with a 6% coupon, issued on November 18, 2025, matures in 2056. Market price is 99.329 - 99.999, YTM is 7.15%, and issuance volume is 750 million USD [4] SoftBank Group Corp. - A perpetual bond with a 6.875% coupon, issued on July 12, 2017, with the next call date on July 19, 2027. Market price is 97.411 - 98.393, YTM is 9.09%, and issuance volume is 1.75 billion USD [4]