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8月20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 - European banks have reported lower-than-expected provisions for bad loans despite sluggish economic growth, primarily due to resilient labor market conditions offsetting pressures from economic weakness [1][4]. Group 1: Loan Provisions and Economic Impact - Analysts had anticipated that banks would signal deteriorating credit quality due to slowing economic growth, but strong employment data mitigated these expectations [4]. - In early 2023, banks like Barclays and Deutsche Bank had higher-than-expected provisions for bad loans, but they quickly adjusted their strategies [1]. - Overall loan loss provisions in the second quarter were 10% lower than expected, according to Keefe, Bruyette & Woods (KBW) [1]. Group 2: Asset Quality and Resilience - European banks have retained some of the provisions accumulated post-COVID, estimated at around €10 billion, to cushion against potential increases in bad loans [4]. - The European Central Bank's decision to lower deposit rates to 2% has also supported credit quality [4]. - Credit quality is expected to remain resilient unless there is significant economic turmoil and rising unemployment [4]. Group 3: Financial Performance - The MSCI Europe Financials sub-index saw a profit growth of 15% in the second quarter, significantly exceeding the expected 1.8%, marking the largest positive surprise among all sectors [7]. - The stability in credit quality, resilient net interest income, and steady growth in trading income have contributed to European banks outperforming other sectors during this earnings season [7]. Group 4: Loan Growth as a Catalyst - Loan growth is emerging as a new driver for European banks, with signs of recovery in loan demand being crucial for the banking sector and the overall economy [8]. - Despite uncertain economic prospects, European banks experienced a 2% increase in deposits and a 3% rise in loan growth in the second quarter, driven by improved loan demand [8]. - The growth in loan volumes is seen as a key factor not yet reflected in stock prices and valuation multiples [9].

Core Insights - Foreign banks in China are undergoing significant changes, with over 30 branches closed since early 2025, indicating a strategic shift in their operations [1][2] - The focus is moving from traditional retail banking to high-end wealth management services, with flagship branches and private wealth management centers being established in core cities [1][3] Branch Closure and Restructuring - In 2025, 34 foreign bank branches closed, with Standard Chartered and Citibank leading in closures, shutting down 7 branches each [2] - HSBC has closed 27 branches since 2022, with 4 closures in 2025 alone, reflecting a trend of reducing physical presence in developed economic areas [2][3] Market Competition and Digital Transformation - Increased competition from domestic banks in retail banking has pressured foreign banks, leading to a decline in their market share in traditional savings [3] - The digital transformation is changing customer behavior, with a significant shift towards online banking, reducing reliance on physical branches [3][7] Focus on Central and Western Regions - Foreign banks are shifting their focus to China's central and western regions, where economic growth is outpacing the east, particularly in sectors like semiconductors and high-end manufacturing [3][4] - Standard Chartered opened its Hefei branch in April 2025, marking its first new provincial branch in nearly nine years [4] Cost Efficiency and Operational Changes - HSBC's flagship store in Chengdu is four times larger than traditional branches but has reduced operational costs by 40% [4] - The restructuring includes significant layoffs, particularly in Citibank's technology department, as part of a strategy to streamline operations and reduce costs [5][6] Strategic Shift to Wealth Management - Foreign banks are focusing on high-net-worth clients, with HSBC's flagship store achieving asset scales three times that of traditional branches [7] - The growth of wealth management services is supported by government policies that facilitate foreign banks' expansion in this sector [7][8] Digital Innovation and Green Finance - Digital innovation is a core strategy for foreign banks, with HSBC aiming to increase blockchain trade financing coverage from 35% to 70% [8] - Green finance initiatives are also being prioritized, with HSBC supporting climate solutions and Standard Chartered aiming for 30% of its loans to be green by 2030 [9] Conclusion - The transformation of foreign banks in China reflects a broader trend of moving from extensive physical networks to focused, high-value services, leveraging digital tools and targeting emerging markets in the central and western regions [10]

Group 1 - HSBC Holdings announced a share buyback of approximately 2.68 billion HKD for about 2.7 million shares at a price range of 98.5 to 99.75 HKD per share on August 18 [1] - On the same day, HSBC repurchased approximately 2.88 million shares on the London Stock Exchange and other exchanges, spending around 26.92 million GBP at a price range of 9.281 to 9.375 GBP per share [1]

作为首批外资托管银行，汇丰银行积极参与中国期货市场开放，托管的QFI客户达276家，占全市场的 31%，完成首单QFI商品期货交易，也是首批参与QFI品种扩容交易的机构。 期货日报网讯（记者 吕双梅）8月19日，由郑州商品交易所、芝加哥商业交易所集团联合主办的2025中 国（郑州）国际期货论坛正式开启。在当日下午举行的对外开放论坛上，汇丰银行环球支付方案部产品 总监林达权深入剖析了托管行在期货市场对外开放进程中的关键角色与定位。 林达权表示，境外客户高度关注交易品种、开户效率、资金结算能力及服务水平。其中，产业客户侧重 所需套期保值的品种，投资类客户看重品种数量与覆盖面，QFI渠道因覆盖品种范围广较受青睐。同 时，开户周期、操作便利性以及银行全球化服务能力也是重要考量，境外客户习惯通过主办银行集中管 理资金，重视长期合作与服务响应速度。 林达权表示，未来汇丰银行将继续以市场服务提供者的身份，为境内外企业客户提供期货交易及日常支 付服务；持续深化与交易所合作，通过线上线下活动向境外推广中国期货市场。同时推进存管银行资格 申请，发挥全球网络优势，助力引入更多境外资金，为中国期货市场对外开放及长期发展贡献力量。 ...

格隆汇8月19日丨汇丰控股(00005.HK)发布公告，2025年8月18日耗资2.68亿港元回购270.12万股，回购 价格每股98.5-99.75港元。 ...

汇丰控股(00005)发布公告，于2025年8月18日，该公司斥资2.68亿港元回购270.12万股。 ...

智通财经APP讯，汇丰控股(00005)发布公告，于2025年8月18日，该公司斥资2.68亿港元回购270.12万 股。 ...

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8月19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 ...

Group 1 - The core viewpoint of the article is that Hong Kong's 1-month HIBOR has reached 2% for the first time since May, indicating a normalization trend in interest rates [1] - The average HIBOR from August to now is approximately 1.1%, with June and July averages at 0.7% and 1% respectively [1] - Goldman Sachs forecasts that the average HIBOR will rise to 1.3% and 1.6% in August and September, and to 1.3% and 2.3% in the third and fourth quarters, compared to 3.9% and 2% in the first and second quarters [1] Group 2 - The report suggests that the upward trend of HIBOR aligns with expectations, and the narrowing gap with US interest rates will lead to weaker net interest margins for local banks in the second half of the year [1] - Despite the decline in HIBOR since May affecting banks' net interest margins, Hong Kong bank stocks have shown resilience as the market has absorbed the positive factors of lower HIBOR, including increased fee income, reduced credit costs, and a recovery in loan demand [1] - Goldman Sachs maintains a selective strategy, giving a "Buy" rating to HSBC Holdings (00005) with a target price of HKD 110, while assigning a "Sell" rating to Bank of East Asia (00023) with a target price of HKD 10.5 [1]