Growth Strategy - HSBC aims to double its assets under management (AUM) for wealthy individuals in the UK [1] - HSBC is accelerating growth plans for its UK wealth-management operations [1] Industry Focus - The wealth-management sector in the UK is a key area of focus for HSBC [1]

Core Insights - The article discusses the author's background and experience in journalism and the financial sector, emphasizing a decade of reporting experience and a focus on economic issues [3]. Group 1 - The author has a diploma in journalism from Lethbridge College and has over ten years of reporting experience [3]. - The author has covered territorial and federal politics in Nunavut, Canada, showcasing a diverse reporting background [3]. - Since 2007, the author has worked exclusively within the financial sector, starting with the Canadian Economic Press [3].

Core Points - The Chuanghua Trading Service CSI Hong Kong-Shanghai-Shenzhen 300 Index (CES300) experienced a slight decline of 0.03%, closing at 4805.98 points with a trading volume of 316.49 billion [1] - Over the past month, the CES300 has increased by 2.04%, by 1.97% over the last three months, and has risen by 8.51% year-to-date [1] - The CES300 Index is designed to reflect the overall performance of eligible securities under the "Shanghai-Hong Kong Stock Connect" and "Shenzhen-Hong Kong Stock Connect" programs [1] Index Holdings - The top ten holdings of the CES300 Index include Tencent Holdings (7.95%), Alibaba-W (5.0%), HSBC Holdings (4.1%), Xiaomi Group-W (2.6%), China Construction Bank (2.42%), Kweichow Moutai (2.41%), AIA Group (1.9%), CATL (1.88%), Meituan-W (1.85%), and Ping An Insurance (1.62%) [2] - The market share of the CES300 Index holdings is composed of 51.42% from the Hong Kong Stock Exchange, 29.97% from the Shanghai Stock Exchange, and 18.61% from the Shenzhen Stock Exchange [2] - The industry composition of the CES300 Index holdings includes Financials (30.94%), Consumer Discretionary (15.48%), Communication Services (12.86%), Information Technology (9.27%), Industrials (8.87%), Consumer Staples (6.30%), Health Care (4.71%), Materials (3.61%), Utilities (2.96%), Energy (2.88%), and Real Estate (2.13%) [2] Fund Tracking - Public funds tracking the CES300 include Dachen Chuanghua Hong Kong-Shanghai-Shenzhen 300C and Dachen Chuanghua Hong Kong-Shanghai-Shenzhen 300A [3]

法巴银行：夯实欧洲资产托管市场地位 近日，法国巴黎银行（BNP Paribas，以下简称"法巴银行"）与汇丰集团（HSBC）达成一项协议，前者将收 购汇丰欧洲大陆机构（HSBC Continental Europe）在德国的托管和存管银行业务（Custody and Depository Bank Business）。 根据协议条款，汇丰在德分支机构目前提供的账户托管等服务，未来将逐步迁移至法巴银行位于德国的证券服 务部门。 该交易预计于2026年初启动分阶段客户迁移，以确保业务平稳过渡。 目前，双方暂未披露具体交易金额。不过，此次收购完成后，将进一步巩固法巴银行作为欧洲最大本土托管行 的地位，帮助其深耕欧洲市场，提高用户黏性。 券商中国记者从业内了解到，法巴银行全球托管行按在托资产计为全球第五大托管行，而这一项下全球排名前 四的皆为美资银行。 据了解，托管（Custody）和存管（Depository）银行业务是金融机构为资产管理公司、保险公司、养老金、主 权财富基金等机构投资者提供的核心后台服务，主要涉及资产保管、交易结算、公司行动处理、报告和风险管 理等，是机构投资者和资产管理公司运营的核心支撑。 该业 ...

Chesnara agrees to buy HSBC’s life insurance business in the UK, creating an entity with a combined £18 billion of assets under administration https://t.co/mNK6ShI04v ...

智通财经7月3日电，汇丰银行将欧洲汽车制造集团STELLANTIS目标股价从9欧元上调至9.5欧元。 ...

金十数据7月3日讯，汇丰全球研究说，随着亚洲对美出口产品的关税迅速到来，未来几个月的出货量可 能会下降，企业可能会在不确定性的情况下抑制投资。中东的紧张局势可能导致石油价格飙升，这又增 加了另一个风险。亚洲需要大量进口石油。在政策正常化仍是目标的日本以外，预计亚洲各国央行将在 美元走软的帮助下进一步降息。随着外部不利因素的增强，所有人都在关注亚洲购物者能否为增长提供 支撑。希望仍然存在，那就是家庭（消费支出）可以弥补部分疲软。 汇丰：关税背景下聚焦亚洲消费者提振经济增长 ...

时至年中，外资金融巨头陆续发布有关下半年的全球经济展望以及经济观察。 汇丰环球投资研究最新展望指出，国际局势风云变幻，全球经济或将面临更多下行压力。汇丰预计，2025年的 全球货物和服务贸易出口量增速可能下滑至同比1.8%，同期全球经济增速或放缓至2.5%。 "在尚不明朗的关税前景下，亚洲地区的出口及投资将双双承压，但区内众多经济体仍可采用扩张性宏观政策 来对冲部分影响。"汇丰称。 与此同时，汇丰认为，中国经济韧性依旧，"新一轮全球产业链重塑过程中，中国制造业将继续向'微笑曲 线'两端延伸，中国企业积极出海、获取更高附加值并深度嵌入全球产业链。" 多重不确定性延续 汇丰环球投资研究首席亚洲经济学家兼亚洲联席主管范力民（Frederic Neumann）表示，回顾上半年，受益 于"抢出口"效应的支撑，包括欧盟和中国在内的非美主要经济体今年一季度的经济增速超过了年初的市场预 期。 比如，中国最大的出口目的地从美国变成了东盟，而墨西哥则取代中国成为美国最大的进口来源国。对美国出 口增长迅速的国家，尤其是墨西哥和越南，过去几年间也吸收了大量的FDI（外商直接投资），与中资企业的 全球产业链布局息息相关。 刘晶还指出， ...

【外资金融巨头汇丰发布下半年全球展望，揭示走势与中国机遇】时至年中，外资金融巨头纷纷发布下 半年全球展望与观察。汇丰环球投资研究最新展望显示，国际局势多变，全球或面临更多下行压力。 汇丰预计，2025年全球货物和服务贸易出口量增速或降至同比1.8%，同期全球增速或放缓至2.5%。在 关税前景不明下，亚洲出口及投资承压，但区内可采用扩张性宏观政策对冲部分影响。 回顾上半年， 非美主要体一季度增速超预期，得益于"抢出口"效应。后续，关税政策和宏观政策不确定，全球下行压 力增大。 汇丰预计，2025年和2026年全球货物和服务贸易出口量增速或分别下滑至同比1.8%和0.6%， 同期全球增速或放缓至2.5%及2.3%（2026年）。 美国通胀将保持黏性，预计在2026年年底前维持高于 美联储2%通胀目标水平，美联储或仅累计下调政策利率75个基点。 因关税前景不明，企业延迟投资决 策，拖累增速。亚洲可采用扩张性宏观政策，增长或更依赖私人消费复苏。 尽管国际局势多变，中国 韧性依旧。在复杂格局下，中国施策倾向"行稳致远"。 汇丰关注"十五五"规划，以洞悉结构改革方 向。短期关税影响贸易，中长期引发产业链重塑。 中国最大出 ...

Core Viewpoint - Gold prices have seen a significant pullback after reaching a historical high of $3,500 per ounce on April 22, 2025, with geopolitical factors and central bank purchases continuing to support gold, but prices may be nearing a peak due to weakening physical demand, increased supply, and a slower-than-expected rate cut by the Federal Reserve [1][6][12]. Group 1: Supply and Demand Dynamics - Total gold supply is projected to increase from 4,950 tonnes in 2023 to 5,190 tonnes in 2025, driven by mine production and old gold scrap recovery [2]. - Jewelry demand, which constitutes about half of global gold consumption, is expected to decline significantly, with a 21% year-on-year drop in Q1 2025 to 380.3 tonnes [21]. - Investment demand remains strong, with gold ETFs seeing a net increase of 7.94 million ounces in 2023, reaching 90.79 million ounces [14]. Group 2: Geopolitical and Economic Factors - Geopolitical risks have historically supported gold prices, but the market's response may have reached saturation, as evidenced by the failure to surpass the April high following tensions with Iran [6]. - The Federal Reserve's anticipated rate cuts are expected to be less aggressive than previously thought, which could negatively impact gold prices [12]. - Global trade growth is projected to slow, with only a 1.8% increase expected in 2025, which typically supports gold prices [9]. Group 3: Central Bank Purchases and Future Projections - Central bank demand for gold remains robust, with purchases expected to total 955 tonnes in 2025, although this is lower than previous years [28]. - HSBC has raised its average gold price forecast for 2025 to $3,215 per ounce, with a trading range of $3,100 to $3,600 per ounce [2]. - The forecast for gold prices in 2026 is set at $3,125 per ounce, indicating a potential decline in price momentum [2].