Core Viewpoint - HSBC is expanding its presence in Hong Kong by leasing over 40,000 sq ft in Capitol Centre, indicating a trend of finance and banking firms increasing their commercial space in the city [1][7]. Group 1: Lease Details - HSBC signed a five-year lease starting May 18, 2026, for five levels of the Capitol Centre, totaling 42,000 sq ft [1][2]. - The lease includes an option for HSBC to renew for an additional five years [2]. Group 2: Historical Context - HSBC will be the first non-fashion long-term tenant in the prime retail space since 2008, when Giordano leased the same area [4]. - Previous tenants included Forever 21 and Victoria's Secret, with the latter paying an estimated HK$7 million monthly before closing due to social unrest and the pandemic [5][6]. Group 3: Market Trends - The leasing activity reflects a broader trend of banking and finance firms expanding in Hong Kong, exemplified by Jane Street's recent agreement for 223,437 sq ft of office space at HK$30.6 million per month [7].