Group 1 - HSBC Holdings announced a share buyback of approximately HKD 158 million for 1.48 million shares at a price range of HKD 106.4 to 106.9 per share on September 17 [1] - On the same day, HSBC repurchased about 2.19 million shares on the London Stock Exchange and other exchanges, spending approximately GBP 22.13 million at a price range of GBP 10.038 to 10.178 per share [1]

Group 1 - HSBC Holdings announced a share buyback of 1.48 million shares at a total cost of HKD 158 million [1] - The buyback price ranged from HKD 106.4 to HKD 106.9 per share [1]

Core Insights - The Hong Kong mutual fund market is experiencing a divergence in fund flows, with the number of inflows and outflows being nearly equal as of August 2025 [1] - After the relaxation of the sales cap for mutual funds in mainland China, sales of Hong Kong mutual funds surged, reaching a cumulative net outflow of over 150 billion RMB in March 2025, a historical high, but have since declined [1] - The decline in enthusiasm for overseas investments among mainland investors is attributed to the strong recovery of the A-share market [1] Fund Performance - The Morgan Asian Total Return Bond Fund attracted 975 million RMB in August, leading in net inflows and maintaining a top-three position for the year [2] - The fund employs a "best investment opportunity" strategy, focusing on Asian credit bonds, local currency bonds, and convertible bonds, outperforming domestic pure bond funds [2] - The Morgan Asian Dividend Fund continued its inflow trend from July, becoming the third most popular Hong Kong mutual fund in August [2] - Conversely, the Morgan International Bond Fund saw a net outflow of 894 million RMB in August, despite being the largest net inflow fund for the year [2] - The East Asia United Global Equity Fund faced significant outflows of 933 million RMB in August, ranking last in net inflows for the year [2] - Global equity funds in the Hong Kong mutual fund sector are generally experiencing large outflows due to weaker performance compared to Chinese and Asian stock markets [2] Company-Specific Insights - HSBC's Asian Bond Fund and related products have paused mainland subscriptions since reaching sales limits in March 2025, leading to a one-way exit for mainland investors [3] - East Asia United was the largest net inflow fund in July but faced substantial outflows in August, primarily due to the performance of the East Asia United Global Equity Fund [3] - Morgan and HSBC continue to dominate the Hong Kong mutual fund market, with asset management sizes of 77.08 billion RMB and 34.55 billion RMB respectively, together accounting for approximately 60% of the total market size [3]

Group 1 - HSBC Holdings announced a share buyback program costing approximately £22.1256 million to repurchase about 2.1871 million shares on the London Stock Exchange [1] - The company also repurchased 1.48 million shares at a cost of approximately HK$158 million on the Hong Kong Stock Exchange [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9月18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 ...

Core Viewpoint - The wealth management needs of high-net-worth individuals in China are undergoing a profound transformation, focusing on wealth preservation and inheritance, diversified asset allocation, customized services, and social impact considerations [1][2]. Group 1: Trends in Wealth Management - The asset allocation of high-net-worth individuals is becoming increasingly diversified, moving away from a heavy reliance on domestic real estate and A-shares to include cross-border investments such as foreign dollar bonds, Asia-Pacific REITs, and private equity funds in Europe and the U.S. [3] - Globalization is a significant trend, with clients seeking investment opportunities worldwide and reducing local asset allocations, indicating a shift from chasing high returns to pursuing stable growth and security [3][4]. - The investment needs of clients are becoming more complex and mature, particularly among entrepreneurs in mainland China, who require deeper insights and tailored products due to their experience with various economic cycles [4]. Group 2: Wealth Planning and Inheritance - Comprehensive wealth planning is increasingly important, with a focus on family welfare and long-term development strategies for wealth transfer [4][5]. - High-net-worth individuals are not only concerned with financial asset transfer but also with the transmission of values across generations, emphasizing a multi-generational perspective on family legacy [5]. Group 3: Integrated Services - There is a growing need for integrated solutions that consider personal, family, and business aspects, requiring service providers to act as strategic partners [7]. - HSBC Global Private Banking aims to go beyond traditional private banking by collaborating with corporate and institutional banking to support clients' business and personal wealth journeys [7][8]. Group 4: Hong Kong as a Wealth Management Hub - Hong Kong is increasingly favored by mainland high-net-worth individuals due to its unique geographical advantages, financial expertise, and robust legal framework, serving as a gateway to global markets [10]. - HSBC provides over 800 carefully selected local and global fund products to clients in mainland China, focusing on diversified asset allocation and tailored investment strategies [10].

Core Insights - The wealth management needs of China's high-net-worth individuals are undergoing a profound transformation, focusing not only on wealth growth but also on preservation and inheritance [2][3] - There is a shift from a single asset allocation strategy centered on "local currency + real estate" to a diversified approach involving "RMB + foreign currency + alternative assets" [2][3] - High-net-worth individuals are increasingly favoring customized, one-stop services over traditional product-pushing sales methods [2][3] - There is a growing emphasis on values such as charity, ESG (Environmental, Social, and Governance), and social impact, moving away from a purely profit-driven mindset [2][3] Wealth Management Trends - The asset allocation of high-net-worth clients is becoming more diversified, moving away from heavy investments in domestic real estate and A-shares [3] - There is a rapid increase in demand for cross-border asset allocation, with particular interest in overseas dollar bonds, Asia-Pacific REITs, and private equity funds in Europe and the U.S. [3] - Clients are now seeking stable value growth and security rather than just high returns, leading to the construction of defensive investment portfolios that can effectively hedge against systemic risks [3][4] Family Wealth Planning - There is a rising focus on comprehensive wealth planning, with an emphasis on family welfare and long-term development strategies [4][5] - High-net-worth individuals are increasingly viewing wealth transfer as a multi-generational endeavor rather than a short-term plan [5] Integrated Services - The integration of personal, family, and business wealth management is becoming essential, requiring a holistic approach that goes beyond financial product combinations [6] - HSBC Global Private Banking aims to act as a strategic partner, providing cross-border resource integration and top-level design for clients' wealth management needs [6][7] Hong Kong's Role - Hong Kong is increasingly favored by high-net-worth individuals from mainland China due to its unique geographical advantages, financial expertise, and robust legal framework [8][9] - The city serves as a gateway for mainland clients to access global markets, offering a blend of Eastern and Western perspectives in wealth management services [9] Investment Product Offerings - HSBC provides over 800 carefully selected local and global fund products to assist clients in global asset allocation [9] - The focus is on guiding clients towards diversified asset allocation and tailored risk-adjusted return solutions, including alternative strategies and wealth planning tools [9]

格隆汇9月17日丨汇丰控股(00005.HK)发布公告，2025年9月16日耗资1.60亿港元回购149.72万股，回购 价格每股106.7-107.5港元。 同日，公司耗资2196.54万英镑回购218.13万股，每股回购价9.997-10.146英镑。 ...

智通财经APP讯，汇丰控股(00005)发布公告，于2025年9月16日斥资2196.54万英镑回购218.13万股;斥资 1.6亿港元回购149.72万股。 ...

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 | | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | | 庫存股份數目 | 每股發行/出售價 (註4) | | 已發行股份總數 | | 於 ...