HSBC HOLDINGS (HSBC) Company Report

Analyst Coverage

Research analysts who have asked questions during HSBC HOLDINGS earnings calls.

Gurpreet Singh Sahi

Goldman Sachs

4 questions for HSBC

Joseph Dickerson

Jefferies

4 questions for HSBC

Also covers: BARC.L, BCS, CRARY

Katherine Lei

JPMorgan Chase & Co.

4 questions for HSBC

Aman Rakkar

Barclays PLC

3 questions for HSBC

Also covers: LYG, NWG

Andrew Coombs

Citigroup

3 questions for HSBC

Also covers: ATMP, BCS, DB +3 more

Benjamin Toms

RBC Capital Markets

3 questions for HSBC

Also covers: BARC.L, BBVA, BCS +3 more

Jason Napier

UBS Group AG

3 questions for HSBC

Also covers: BCS, LYG, NWG

Kian Abouhossein

JPMorgan Chase & Co.

3 questions for HSBC

Also covers: DB, JBAXY, UBS

Kunpeng Ma

China Securities

3 questions for HSBC

Kendra Yan

China International Capital Corporation (CICC)

2 questions for HSBC

Raul Sinha

JPMorgan Chase & Co.

2 questions for HSBC

Also covers: NWG

Amit Goel

Mediobanca S.p.A.

1 question for HSBC

Also covers: BCS, JBAXY, LYG +2 more

Edward Hugo Firth

Stifel

1 question for HSBC

Also covers: BARC.L, LYG, NWG

Ian Zhou Yu

CICC

1 question for HSBC

Jeremy Hugh

CICC

1 question for HSBC

Manus Costello

Autonomous

1 question for HSBC

Perlie Mong

KBW

1 question for HSBC

Also covers: ATMP, BCS

Robert Noble

Deutsche Bank AG

1 question for HSBC

Also covers: BCS, NWG

Latest news

Recent press releases and 8-K filings for HSBC.

HSBC Holdings announces privatization proposal for Hang Seng Bank

HSBC

M&A

Takeover Bid

Delisting/Listing Issues

HSBC Holdings plc announced a proposal for the privatisation of Hang Seng Bank Limited by its subsidiary, The Hongkong and Shanghai Banking Corporation Limited (HSBC Asia Pacific), through a scheme of arrangement.
As of December 12, 2025, HSBC Asia Pacific held 1,188,057,371 Hang Seng Bank Shares, representing 63.4328% of Hang Seng Bank's total issued share capital.
Upon the scheme becoming binding and effective, HSBC Asia Pacific is projected to hold 100% of Hang Seng Bank's shares.
The document also disclosed recent dealings in Hang Seng Bank Shares on December 11 and 12, 2025, including a sell transaction by Internationale Kapitalanlagegesellschaft mbH and multiple buy/sell transactions by HSVM.

7 days ago

6-K

HSBC Holdings plc announces privatization scheme for Hang Seng Bank

HSBC

M&A

Delisting/Listing Issues

Takeover Bid

HSBC Holdings plc's subsidiary, The Hongkong and Shanghai Banking Corporation Limited (HSBC Asia Pacific), is pursuing the privatisation of Hang Seng Bank Limited through a scheme of arrangement.
The Scheme Document was dispatched to Hang Seng Bank Shareholders on December 15, 2025, outlining the proposal.
Both the Hang Seng Bank Independent Board Committee and its Independent Financial Adviser have recommended that Code Disinterested Shareholders vote in favor of the Proposal, considering it fair and reasonable.
The Hang Seng Bank Court Meeting and General Meeting are scheduled for January 8, 2026.
If approved, the listing of Hang Seng Bank Shares on the Hong Kong Stock Exchange is expected to be withdrawn on January 27, 2026, with the Scheme Effective Date anticipated on January 26, 2026.

Dec 15, 2025, 1:45 PM

6-K

HSBC Proposes Take-Private Offer for Hang Seng Bank

HSBC

M&A

Takeover Bid

HSBC Holdings has proposed to take Hang Seng Bank private by acquiring the remaining shares it does not already own, in a deal valued at approximately $13.6 billion.
The offer price of 155 Hong Kong dollars per share represents a 33.1% premium over the recent average closing price and has been deemed "fair and reasonable".
HSBC, which currently owns a 63% stake in Hang Seng Bank, intends to fully acquire the remaining shares to streamline operations and enhance shareholder value.
The offer price of 155 Hong Kong dollars per share is final and will not be raised under any circumstances.
Shareholder meetings to vote on the privatization scheme are scheduled for January 8, 2026, in Hong Kong.

Dec 15, 2025, 12:03 AM

Bloomberg

HSBC Appoints Brendan Nelson as Permanent Group Chair

HSBC

Board Change

Management Change

Legal Proceedings

HSBC has appointed Brendan Nelson as its permanent group chair, a role he has held on an interim basis since October.
Nelson, a KPMG veteran with prior board experience at BP and Royal Bank of Scotland, succeeds Mark Tucker and will continue to chair HSBC's group audit committee until February 2026.
This appointment aligns with CEO Georges Elhedery's ongoing restructuring efforts to concentrate HSBC's operations on Asia.
The bank recently reported a 14% decline in profit to $7.3 billion for the quarter ending September 30, partly due to approximately $1.1 billion in legal provisions related to the Madoff fraud scandal.

Dec 3, 2025, 6:46 AM

Morningstar

HSBC Holdings plc Issues Senior Unsecured Notes

HSBC

Debt Issuance

HSBC Holdings plc issued EUR1,250,000,000 in 3.608% Fixed to Floating Rate Notes due 2033 on December 1, 2025.
The notes were issued under the company's Debt Issuance Programme.
Application will be made to list the Notes on the Official List of the Financial Conduct Authority and to trade them on the Main Market of the London Stock Exchange plc.
The Notes have not been registered under the United States Securities Act of 1933 and may not be offered or sold within the United States or to US persons.

Dec 1, 2025, 5:35 PM

6-K

HSBC Holdings plc announces consents for Hang Seng Bank privatization

HSBC

M&A

Takeover Bid

HSBC Holdings plc announced a proposal for the privatisation of Hang Seng Bank Limited by The Hongkong and Shanghai Banking Corporation Limited via a scheme of arrangement.
In connection with this proposal, the Group has secured relevant consents from the Executive under the Takeovers Code for various ordinary course activities, including Structured Products-related Activities, Agency Lending Programme indemnities, Market Making Activities, management of Passive Index-Tracking Funds, and dealings as an executor and discretionary trustee of a deceased's estate.
These consents, granted between September 29, 2025, and November 26, 2025, ensure compliance with Takeovers Code rules (e.g., 21.2, 21.7, 23, 24) by waiving requirements such as 24-hour public notice for sales or confirming no implications on the minimum consideration level for the proposal.

Nov 28, 2025, 12:46 PM

6-K

HSBC Holdings provides update on Hang Seng Bank privatization proposal

HSBC

M&A

Delisting/Listing Issues

Takeover Bid

HSBC Holdings plc, The Hongkong and Shanghai Banking Corporation Limited (HSBC Asia Pacific), and Hang Seng Bank Limited issued a monthly update on the proposed privatization of Hang Seng Bank by HSBC Asia Pacific via a scheme of arrangement.
This proposal also includes the proposed withdrawal of listing of Hang Seng Bank shares.
The parties are currently preparing and finalizing the Scheme Document, which is expected to be despatched on or before December 17, 2025.
Shareholders and potential investors are advised to exercise caution when dealing in the securities of HSBC Holdings and Hang Seng Bank, as the proposal's implementation is contingent on all conditions being satisfied or waived.

Nov 28, 2025, 12:37 PM

6-K

HSBC Holdings Restructures Trading Division to Focus on Debt Financing

HSBC

Management Change

New Projects/Investments

HSBC Holdings is undertaking a major restructuring of its trading division to strengthen its focus on debt financing under CEO Georges Elhedery's leadership.
The restructuring involves combining Group-of-10 rates trading with foreign exchange, emerging markets rates, and commodities desks into a new global macro division.
All remaining global debt market businesses, including high-yield and investment-grade credit trading, will be consolidated into a new global credit and financing division. Derivatives clearing services will be integrated into the global equities team.
This strategic shift follows the closure of much of HSBC's advisory and equity underwriting operations in key regions, allowing the bank to concentrate on debt capital markets where it aims to become a financing powerhouse.
Volkan Benihasim will head the new global macro division, and a temporary leadership team will manage the global credit and financing unit while a permanent head is sought. Separately, Steve Hughes has been appointed CEO and head of Australia and New Zealand banking, effective January 1, 2026.

Nov 20, 2025, 5:19 PM

Bloomberg

HSBC Expands Tokenized Deposit Services to US and UAE Firms

HSBC

Product Launch

New Projects/Investments

HSBC is expanding its tokenized deposit services to corporate clients in the United States and the United Arab Emirates in the first half of 2025.
These services utilize blockchain technology to facilitate 24/7 local and international money transfers, aiming to provide better liquidity management for large companies.
HSBC's tokenized deposits are regulated digital versions of traditional bank deposits, distinguishing them from stablecoins, although the bank is considering issuing its own stablecoin in the future.
This expansion follows previous launches in Hong Kong, Singapore, the UK, and Luxembourg, reflecting a broader industry trend towards adopting digital money technologies.

Nov 18, 2025, 3:55 PM

Bloomberg

HSBC Holdings plc Announces Senior Unsecured Notes Offering

HSBC

Debt Issuance

HSBC Holdings plc is offering $5,000,000,000 in new senior unsecured notes, issued on November 6, 2025.
The offering comprises $2,250,000,000 of 4.619% Fixed Rate/Floating Rate Senior Unsecured Notes due 2031, $2,250,000,000 of 5.133% Fixed Rate/Floating Rate Senior Unsecured Notes due 2036, and $500,000,000 of Floating Rate Senior Unsecured Notes due 2031.
These notes are issued in denominations of $200,000 and integral multiples of $1,000 in excess thereof.
The Issuer retains the option to redeem the notes prior to maturity under specific conditions, such as a Loss Absorption Disqualification Event or on the Par Redemption Date.