HSBC HOLDINGS(00005) 证券时报网·2024-10-30 02:03Core Viewpoint - HSBC Holdings reported a strong performance for the first three quarters of 2023, with revenue and profits showing positive growth, driven by wealth management and personal banking, as well as global banking and capital markets [1][2]. Financial Performance - For the first nine months of 2023, HSBC's revenue increased to 1.3 billion or 2% compared to the same period in 2022 [1]. - The pre-tax profit rose by 30 billion, while the post-tax profit reached 100 million [1]. - In Q3 2023, revenue grew to 800 million or 5% year-on-year [1]. - The pre-tax profit for Q3 was 800 million, and the post-tax profit was 500 million [1]. Dividend and Share Buyback - HSBC's board approved a third interim dividend of 3 billion, expected to be completed within four months [2]. Organizational Restructuring - HSBC is simplifying its organizational structure into four main business segments: "Hong Kong," "UK," "Corporate and Institutional Banking," and "International Wealth Management and Premier" [2][4]. - The restructuring aims to enhance strategic execution efficiency and is not intended as a prelude to business separation [2][3]. - A new Group Operations Committee will be established, replacing the existing Group Executive Committee, to streamline decision-making [4]. Cost Management and Future Guidance - The management plans to reduce overlapping roles and simplify high-level positions, with potential layoffs in the coming months, although no specific targets have been set [4]. - HSBC maintains its guidance for the next two years, targeting a return on tangible equity (ROTE) of 14% to 16% and a net interest income of approximately $43 billion for fiscal year 2024 [5].