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10月6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 - Goldman Sachs reports that HSBC Holdings (00005) is expected to announce its Q3 results on October 28, with a projected pre-tax profit of $8.5 billion, a 3% year-on-year decline, and revenue remaining flat compared to the previous year [1] Group 1: Financial Performance - The bank's net interest income is anticipated to reach $10.6 billion for Q3, up from a previous estimate of $10.2 billion, due to a rebound in Hong Kong Interbank Offered Rate (HIBOR) since August 2025 [1] - Management previously indicated that if HIBOR remained around 1%, net interest income would be negatively impacted by approximately $100 million per month; however, the one-month HIBOR has risen to about 3.5% [1] - Despite the increase in net interest income, the bank has slightly lowered its projections for net interest income for FY2026 and beyond, reflecting reduced yields on structural hedging reinvestments [1] Group 2: Revenue and Profit Growth - HSBC's total revenue growth is expected to slow from mid-single digits in H1 2025 to 1% by Q3 2025, with an estimated revenue growth of about 3% from FY2025 to FY2027 [1] - The bank aims to achieve a compound annual growth rate (CAGR) of approximately 3% in pre-tax profit through strict cost control [1] - Share buyback programs are expected to continue, with projected repurchases of $10 billion, $8 billion, and $6 billion for FY2025, FY2026, and FY2027 respectively, which will reduce the number of shares outstanding [1] - The CAGR for basic earnings per share is expected to reach approximately 8% over the next three years [1]

Core Viewpoint - Goldman Sachs has released a report indicating that HSBC Holdings (00005) is expected to announce its third-quarter results on October 28, with a projected pre-tax profit of $8.5 billion, a year-on-year decline of 3%, and revenue remaining flat compared to the previous year [1] Financial Performance - The bank's net interest income is anticipated to reach $10.6 billion for the third quarter, an increase from the previous forecast of $10.2 billion, due to a rebound in Hong Kong Interbank Offered Rate (HIBOR) since August 2025 [1] - Management previously indicated that if HIBOR remained around 1%, the bank would face a monthly negative impact of approximately $100 million on net interest income; however, the one-month HIBOR has risen to about 3.5% [1] Revenue and Profit Growth - Total revenue growth for HSBC is expected to slow from mid-single digits in the first half of 2025 to 1% in the third quarter of 2025 [1] - Revenue growth is projected to be around 3% from fiscal years 2025 to 2027, with a compound annual growth rate (CAGR) of approximately 3% for pre-tax profit driven by strict cost control [1] Share Buyback and Earnings Per Share - The share repurchase program is expected to continue, with anticipated buybacks of $10 billion, $8 billion, and $6 billion for fiscal years 2025, 2026, and 2027, respectively, which will reduce the number of shares outstanding [1] - The CAGR for basic earnings per share is projected to reach approximately 8% over these three years [1]

Group 1 - The A-share market is currently a focal point of tension between foreign capital and the Chinese market, with mixed sentiments among investors [1] - Major international financial institutions like Goldman Sachs, HSBC, and UBS have recently shown a unified bullish stance on Chinese assets, indicating a significant shift in foreign investment sentiment [1][6] - By the end of Q2 2025, the market value of northbound funds reached 2.29 trillion yuan, reflecting a 2% increase from the previous quarter, demonstrating a clear trend of capital inflow [1] Group 2 - In the first half of 2025, foreign capital net increased by 10.1 billion USD in domestic stocks and funds, with a notable 18.8 billion USD added in May and June alone, highlighting a growing interest in Chinese equities [1] - The Chinese investment confidence has been recovering, with a rising interest from overseas investors in non-USD assets, particularly in Chinese markets [1][6] Group 3 - Domestic liquidity has improved due to favorable policies, with increased participation from insurance, pension funds, and public funds in emerging markets and Asia-Pacific mutual funds [2][4] - The China Securities Regulatory Commission (CSRC) has been actively promoting capital market openness, with measures like QFII system optimization aimed at attracting more global capital [4][8] Group 4 - The ongoing capital market reforms and policy releases are expected to enhance foreign investment willingness, with a general consensus that a new wave of capital market reform is accelerating [8] - The current liquidity in the A-share market is attributed to a combination of domestic and foreign capital interactions, which is expected to continue as the USD weakens [6][10] Group 5 - The market dynamics are influenced by multiple factors, including macroeconomic fundamentals, policy support, and market sentiment, all contributing to expectations and trust in China's future [10] - The sustainability of foreign enthusiasm and the performance of the A-share market remain uncertain, with upcoming developments likely to influence investor decisions [11]

Core Viewpoint - HSBC Bank suggests that due to geopolitical risks, fiscal uncertainties, and threats to the independence of the Federal Reserve, gold prices may potentially exceed $4000 per ounce in the short term [1] Group 1 - Geopolitical risks are contributing to the potential rise in gold prices [1] - Fiscal uncertainties are impacting market stability and investor confidence [1] - Concerns regarding the independence of the Federal Reserve are influencing gold market dynamics [1]

HSBC's head of equity capital markets for Central and Eastern Europe, Middle East and Africa is set to leave, the latest departure as the lender undergoes a sweeping overhaul https://t.co/rfwUvkioYa ...

Group 1 - HSBC Holdings announced a share buyback on October 2, spending £9.148 million to repurchase 866,000 shares [1] - On the same day, the company also repurchased 1.648 billion HKD worth of 1.488 million H-shares [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10月3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 ...

Core Insights - HSBC Holdings is restructuring its operations to enhance efficiency and focus on high-growth businesses [1] Cost-Saving Initiatives - HSBC announced a $1.5 billion cost-saving plan aimed at organizational simplification, to be achieved by 2026, with expected total severance and upfront charges of $1.8 billion by the end of next year [2] - The company plans to redeploy an additional $1.5 billion from non-strategic activities into its core strategy [2] Operational Focus - HSBC is winding down non-core operations in the U.K., Europe, and the U.S., while maintaining a focused presence in Asia and the Middle East [3] - The bank has completed divestments in multiple countries, including the U.S., Canada, and Argentina, among others [3] Asia Pivot Strategy - HSBC is strengthening its performance in Asia, focusing on high-net-worth clients, with over 50% of its business centered in the region [4] - In mainland China, HSBC is growing its wealth business through lifestyle-focused centers and acquisitions, including Citigroup's retail wealth arm [4] Expansion in India - HSBC is expanding in India with plans to open 20 new branches, enhancing its presence through Global Private Banking and acquisitions [5]

Core Insights - Hong Kong banks are implementing various incentives to attract wealthy mainland customers during the "golden week" holiday, including exclusive events and investment seminars [1][2][4] Group 1: Visitor Statistics - Hong Kong authorities estimate that approximately 1.54 million mainland visitors, including 1,200 tour groups, will cross the border during the eight-day "golden week" holiday [2] - The holiday coincides with China's National Day and the Mid-Autumn Festival, creating a peak travel period [2] Group 2: Client Engagement Strategies - Standard Chartered Bank provided about 400 clients with a "front row" view of the fireworks from its wealth centres in Tsim Sha Tsui and Causeway Bay, enhancing client experience [3][4] - The bank's affluent segment head noted a 30% increase in branch traffic during the golden week, indicating a significant opportunity for customer acquisition [4] Group 3: Competitive Offerings - HSBC, the largest lender in Hong Kong, organized events for its wealthy clients, including a viewing of the National Day fireworks from its new wealth centre on the 99th floor of ICC [5] - HSBC also hosted a cocktail reception featuring renowned actor Tony Leung as part of a bank card product launch, further appealing to high-net-worth individuals [6]