股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年11月30日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | HSBC Holdings plc 滙豐控股有限公司 (「本公司」) | | | 呈交日期: | 2025年12月4日 | | | I. 法定/註冊股本變動 | 不適用 | | | 備註： | | | | | 由2009年10月1日起，英國《2006年公司法》已廢撤法定股本的概念。組織章程細則經已修訂，以刪去提及法定股本的條文。 | | FF301 第 1 頁 共 14 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 III.已發行股份及/或庫存股份變動詳情 (A). 股份期權（根據發行人的股份期權計劃） 1. 股份分類 普通股 股份類別 不適用 於香港聯交所上市 (註1) 是 證券代號(如上市) 00005 說明 普通股(每股0.50美元) 股份期權計劃詳情 上月底結存的股份期權數 目 本月內變動 本月底結存的股份期權數 目 本月內因此 ...

HSBC has named Emanuele Vignoli to head the private bank’s continental Europe business, the latest change to the leadership of the lender’s wealth arm. https://t.co/jhgUJq8eO6 ...

Core Insights - HSBC Global Private Banking anticipates that 2026 will be influenced by resilient credit markets, accelerating innovation in Asia, and an expanding global AI infrastructure while advising investors to maintain diversification and prepare for volatility [1] Credit Market Outlook - Despite concerns regarding potential "credit stress," data indicates a more favorable scenario with bank loan provisioning remaining stable or even decreasing in some US banks, attributed to interest rate cuts and a resilient economy [2] - HSBC is underweight on high-yield bonds, preferring investment-grade bonds and showing increased optimism towards emerging-market debt, particularly local-currency bonds to diversify US-dollar exposure [3] Asian Market Dynamics - Asia is positioned as a global technology and AI hub, with countries like South Korea, Singapore, China, Japan, and Hong Kong ranking high in the 2025 Global Innovation Index [4] - HSBC employs a "barbell strategy" in Asia, focusing on innovation leaders and income-generating assets [4] AI Infrastructure Growth - The growth of AI-driven infrastructure in Asia is projected at 13% annually through 2030, surpassing growth rates in the US (9%) and Europe (5%), driven by government support, competitive electricity prices, and proximity to manufacturing [5] - Corporate governance reforms in Japan and South Korea are enhancing shareholder returns through increased buybacks and dividends, with emerging Asia expected to achieve 20% earnings growth in 2026 [5]

Core Viewpoint - HSBC has appointed Libert as the new Group Chairman, effective from October 1, 2025, following a rigorous selection process that considered both internal and external candidates [1][2]. Group 1: Leadership Changes - Libert has extensive experience in the financial services industry, having led KPMG's global financial services business and served on the boards of BP, Royal Bank of Scotland, and HSBC [2]. - Libert will continue to serve as the Chairman of the Group Audit Committee until February 2026, when the 2025 results are announced [4]. - The previous Chairman, Mark Tucker, announced his intention to step down by the end of 2025 after serving since October 1, 2017 [4][5]. Group 2: Organizational Restructuring - HSBC is undergoing significant organizational changes, with a simplified structure consisting of four main business areas to accelerate strategic implementation [6][7]. - The four business areas include Hong Kong, UK, Corporate and Institutional Banking, and International Wealth Management, effective from January 1, 2025 [6]. - The restructuring aims to create a more agile organization focused on areas with competitive advantages and growth opportunities [7]. Group 3: Strategic Investments in China - HSBC is increasing its investment in China, with plans to invest over RMB 30 billion from 2020 to 2025 [8]. - The bank has launched "HSBC Innovation Finance," the first financial service brand focused on serving technology innovation enterprises in China, with a total of $1.5 billion in credit support [8]. - HSBC's commitment to the Chinese market is underscored by its belief in the long-term positive trend of the Chinese economy [8].

12月3日，汇丰控股（0005.HK）发布公告称，汇丰控股有限公司董事会委任利伯特为集团主席。这项 决定是综合考虑集团内外人选的严谨程序后作出。 12月3日，汇丰控股（0005.HK）发布公告称，汇丰控股有限公司董事会委任利伯特为集团主席。这项 决定是综合考虑集团内外人选的严谨程序后作出。 截至智通财经发稿，汇丰控股报111.5港元/股，股价上涨了0.45%。 截至智通财经发稿，汇丰控股报111.5港元/股，股价上涨了0.45%。 利伯特于2023年9月加入汇丰董事会，并自2025年10月1日起担任临时集团主席。汇丰控股表示，利伯特 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。 5月2日，汇丰控股公告了集团主席继任程序的消息：于2017年9月1日加入董事会，并自2017年10月1日 起出任集团主席的杜嘉祺已知会董事会，拟于2025年底前退任集团主席职位。 汇丰控股成立于1991年，总部位于英国伦敦，前身是1865年在香港开业的香港上海汇丰银行，目前是全 球资产规模最大的银行之一，截至2025年6月末集团总资产约3. ...

HSBC has appointed Brendan Nelson as its new chair or its next chair, replacing financier Mark Tucker, who has led Europe's largest lender for much of the last decade. He takes the reins as CEO George L. Henry pushes through a massive overhaul of HSBC that seen the bank reorganise into four new divisions.Let's get some perspective on what this means. Managing editor for India Finance Tom Metcalfe joins us on set right now. So what does this mean.Good morning, Tom. What does this mean that they've chosen thi ...

HSBC has appointed Brendan Nelson as its new chair or its next chair, replacing financier Mark Tucker, who has led Europe's largest lender for much of the last decade. He takes the reins as CEO George L. Henry pushes through a massive overhaul of HSBC that seen the bank reorganise into four new divisions.Let's get some perspective on what this means. Managing editor for India Finance Tom Metcalfe joins us on set right now. So what does this mean.Good morning, Tom. What does this mean that they've chosen thi ...

Group 1 - HSBC Holdings has officially appointed Brendan Nelson as the Group Chairman [2] - The appointment was confirmed by senior independent director, Gao Anxian, who acknowledged Nelson's exceptional leadership during his tenure as interim chairman [2] - Brendan Nelson expressed his honor in taking on the role and looks forward to collaborating with the board and management team to advance the group's strategic and financial goals [2] Group 2 - Brendan Nelson will continue to serve as the Chairman of the Group's Audit Committee until February 2026, when HSBC is set to release its 2025 results [2] - Further announcements regarding succession planning will be made in due course [2]

Group 1 - Morgan Stanley reaffirms a positive outlook on HSBC Holdings (00005) due to strong wealth growth and potential synergies with Hang Seng Bank (00011) observed during a recent financial tour in Hong Kong [1] - The operating environment in Hong Kong and the UK is improving, including a recovery in the Hong Kong residential market and consolidation in the UK market; slight improvement in Hong Kong commercial real estate conditions [1] - HSBC's target price for December 2026 is raised from HKD 132 to HKD 138, maintaining an "Overweight" rating [1] Group 2 - Concerns exist regarding risks in Chinese commercial real estate, but HSBC's exposure is only 0.7% of total loans, with a loan loss reserve (LLR) of 15%, indicating manageable profit risks [1] - Morgan Stanley believes that risks in Hong Kong commercial real estate may have peaked, with expected credit loss rates (ECL) in 2026 likely lower than in 2025; however, risks in Chinese commercial real estate are rising [1] - HSBC's earnings per share forecast for fiscal years 2026 to 2027 is raised by 3% to 4%, with an average tangible equity return forecast of 16.6% for fiscal year 2025, declining to 15.8% in 2026, and slightly recovering to 15.9% and 15.8% in 2027 and 2028 respectively [2]

Core Viewpoint - Morgan Stanley maintains a positive outlook on HSBC Holdings, citing strong wealth growth and potential synergies with Hang Seng Bank, alongside improving market conditions in Hong Kong and the UK [1][2] Group 1: HSBC Holdings Performance - HSBC's target price for December 2026 has been raised from HKD 132 to HKD 138 [1] - The bank's exposure to risks in Chinese commercial real estate is only 0.7% of its total loans, with a loan loss reserve ratio of 15%, indicating manageable profit risks [1] - Morgan Stanley has increased its earnings per share forecast for HSBC for the fiscal years 2026 to 2027 by 3% to 4% [2] Group 2: Market Conditions - The operating environment in Hong Kong is improving, with signs of recovery in the residential market and slight improvements in commercial real estate [1] - The expected credit loss rate for Hong Kong commercial real estate in 2026 is projected to be lower than in 2025, suggesting a potential peak in risks [1] Group 3: Financial Projections - Average tangible equity return rate is forecasted at 16.6% for fiscal year 2025, declining to 15.8% in 2026, with slight recoveries in 2027 and 2028 at 15.9% and 15.8% respectively [2] - There are perceived upward risks in the earnings forecasts, indicating potential for better-than-expected performance [2]