Core Insights - HSBC Holdings Plc has achieved a significant milestone in quantum computing with the first real-world trial in bond markets, showing up to a 34% improvement in predicting customer inquiry outcomes in the European corporate bond market [1][2][4] Group 1: Quantum Computing Breakthrough - The trial demonstrated the world's first-known quantum-enabled algorithmic trading in collaboration with IBM, utilizing both quantum and classical computing resources [2][4] - HSBC's group head of quantum technologies described the achievement as a "Sputnik moment," indicating a pivotal point for quantum technology in financial markets [4][9] - The trial's success suggests that quantum computing can solve practical financial problems, moving beyond theoretical applications [7] Group 2: Industry Implications - Other banks are also reporting advancements in quantum computing, indicating a growing interest and competition in the sector [6][8] - The trial's results could lead to increased activity in the financial sector as firms seek to leverage quantum technology for trading strategies [4][5] - JPMorgan has also made strides in quantum computing, generating truly random numbers for potential applications in encryption and trading [8] Group 3: Market Response - Quantum technology stocks, such as IonQ, D-Wave, and Rigetti, have seen significant gains this year, reflecting investor optimism despite warnings about the timeline for practical quantum computers [10] - The quantum computing market is expected to grow substantially, with projections indicating a total addressable market of US$8.95 billion by 2028 and US$1.3 trillion by 2040 [13]

Core Insights - The Risk Asia Awards 2025 recognize excellence in various categories related to risk management and financial services across Asia [1][2][3] Group 1: Derivatives Awards - Derivatives house of the year for Asia is awarded to UBS [1] - Other notable winners include Daiwa Securities for Japan, Crédit Agricole CIB for Hong Kong and South Korea, and OCBC Bank for Singapore [1] - The award for derivatives house of the year in China goes to Shenwan Hongyuan Securities, while CTBC Bank wins for Taiwan [1] Group 2: Specialized Awards - Standard Chartered is recognized as the interest rate derivatives house of the year [1] - BofA Securities wins the currency derivatives house of the year award [1] - UBS is awarded both equity and credit derivatives house of the year [1] Group 3: Technology and Risk Solutions - Murex is named technology vendor of the year and also wins for system support and implementation [2] - S&P Dow Jones Indices is recognized for quantitative investment solutions [2] - FactSet is awarded for risk solutions [2] Group 4: Compliance and Risk Management - The best AI solution for risk management is awarded to SAS Institute [2] - Wolters Kluwer receives multiple awards for various risk management solutions including IFRS 9 and credit risk management [2] - NICE Actimize is recognized for its AML solution of the year [2]

NEW YORK--(BUSINESS WIRE)--HSBC announced the appointment of Victor Matarranz as Head of International Wealth and Premier Banking (IWPB), Americas and Europe, effective October 1st. Victor will be responsible for expanding HSBC's wealth businesses across these regions, including the U.S, Mexico and Channel Islands and Isle of Man, and unlocking new opportunities in key global corridors. Victor joins HSBC from Banco Santander where he spent 13 years in senior leadership roles in Madrid and Londo. ...

Core Insights - HSBC and IBM have achieved a milestone in quantum computing applications in finance, indicating significant potential for improving trade execution efficiency on Wall Street [1] - The quantum tool tested by HSBC showed a 34% increase in efficiency for predicting trade execution probabilities compared to traditional methods, based on historical data from the European corporate bond market [1][2] - HSBC's quantum technology head emphasized that this is a tangible proof of the proximity to extracting value from quantum computing in financial services [1][2] Summary by Sections Quantum Tool Efficiency - The quantum computing tool developed by IBM has demonstrated a significant 34% improvement in predicting the likelihood of trade execution compared to conventional methods [1][2] - The analysis was based on over 1 million quote requests involving more than 5,000 bonds from September 2023 to October 2024 [2] - Quantum computing utilizes quantum bits (qubits) to process information in a broader and more dynamic space than classical systems [2] Competitive Landscape - Major technology companies, including IBM and Google, are competing for leadership in the quantum computing field, aiming to produce industrial-scale quantum computers by the end of the decade [2] - Quantum computing is expected to drive breakthroughs not only in finance but also in scientific research areas such as drug development [2] Risks and Considerations - While quantum computing presents opportunities for efficiency in financial transactions, it also poses risks to existing encryption technologies widely used for sensitive data, including those in financial institutions [3]

Core Insights - IBM's quantum processors are being integrated with classical computers to enhance the prediction of market behavior [1] Group 1 - The integration of quantum processors with classical systems aims to improve the accuracy of market predictions [1]

Group 1 - HSBC's Sri Lanka branch has signed a binding agreement to transfer its retail banking operations to Nations Trust Bank (NTB), affecting approximately 200,000 customers [1][2] - The deal includes retail deposit accounts, credit card portfolios, and consumer loans, with financial details not disclosed [1][2] - This divestment follows a strategic review by HSBC Group, which determined that exiting the retail unit was the preferred course of action [1][3] Group 2 - NTB will offer employment to staff currently engaged in HSBC Sri Lanka's retail activities, ensuring continuity for employees [2][3] - HSBC's corporate and institutional banking operations in Sri Lanka will remain unchanged, focusing on international corporate clients and cross-border trade [2][3] - The transaction is part of HSBC Group's simplification plan announced in October 2024, allowing the bank to concentrate on areas with competitive focus and growth prospects [2][3][4] Group 3 - The transaction is expected to produce an immaterial pre-tax gain for HSBC Group upon completion, anticipated in the first half of 2026, subject to regulatory clearances [4] - HSBC has previously announced its exit from International Wealth and Premier Banking operations in Bangladesh, following a comprehensive review of its market position [4]

Europe's largest bank, HSBC , hired Santander banker Victor Matarranz as Head of International Wealth and Premier Banking (IWPB) for the Americas and Europe, the bank said on Thursday. ...

Quantum Computing Innovation - HSBC achieved a world-first breakthrough in deploying quantum computing in financial markets [1] Industry News Source - Bloomberg Daybreak Europe Podcast provides news updates [1]

汇丰控股(00005)公布，2025年9月24日于伦敦证券交易所耗资约2235.92万英镑回购约216.23万股股份， 于港交所耗资约1.61亿港元回购149.36万股股份。 ...

智通财经APP讯，汇丰控股(00005)公布，2025年9月24日于伦敦证券交易所耗资约2235.92万英镑回购约 216.23万股股份，于港交所耗资约1.61亿港元回购149.36万股股份。 ...