HSBC Holdings plc

HSBA

GB0005405286

Banks

Market Closed - London S.E. Other stock markets 11:35:13 2024-12-11 am EST			5-day change	1st Jan Change
755.90 ^GBX	+0.79%		+1.57%	+18.95%

04:41pm	HSBC Said Expecting $3 Billion Savings from Restructuring	MT
03:53pm	UK Lending Standards Board Disagrees with HSBC, Lloyds Decision to Exit	MT

HSBC: invests in wealth management in China

June 12, 2024 at 03:54 am EDT

HSBC China, a 100%-owned subsidiary of HSBC Holdings, has completed the acquisition of Citi's retail wealth management portfolio in mainland China.

The portfolio of investment and deposit assets and associated wealth management clients, covering 11 major cities in mainland China, have been integrated into HSBC China's wealth management and retail banking ('WPB') operations.

HSBC's wealth management investments in China cover retail wealth management, private banking, insurance, asset management and fintech.

In the first quarter of 2024, HSBC in mainland China recorded a near doubling of net new invested assets (NNIA) year-on-year, contributing to a 33% year-on-year growth in NNIA in Asia, reaching USD 19 billion.

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Latest news about HSBC Holdings plc

HSBC Said Expecting $3 Billion Savings from Restructuring	10:41am	MT
UK Lending Standards Board Disagrees with HSBC, Lloyds Decision to Exit	09:53am	MT
HSBC to Quit UK Lending Standards Board	08:52am	MT
HSBC : SOTP downgrade on updated approach	06:32am
HSBC Repurchases 3.4 Million Shares	08:43pm	MT
European Equities Traded in the US as American Depositary Lower in Tuesday Trading	Dec. 10	MT
HSBC Buys Back Over 3 Million Shares	Dec. 09	MT
Global markets live: BlackRock, Apple, Comcast, Boeing, Palantir...	Dec. 09
HSBC Holdings plc Appoints Annie Lim as GPB Desk Head for Singapore	Dec. 09	CI
HSBC Repurchases 1.7 Million Shares in UK, Hong Kong	Dec. 08	MT
One-Sixth of Hongkongers Plan Home Purchases in Next Five Years, HSBC Survey Says	Dec. 08	MT
HSBC HLDGS : JP Morgan sticks Neutral	Dec. 06	ZD
UBS cuts Serco, HSBC says 'buy' AO World	Dec. 06	AN
HSBC Global Private Banking Chief to Leave Amid Organizational Rejig	Dec. 06	MT
HSBC's Hong Kong Banking Unit Returns to Granting Cash Rebates on Mortgages	Dec. 05	MT
HSBC Buys Back About 2.5 Million Shares	Dec. 05	MT
Global markets live: Walt Disney, Eli Lilly, Microsoft, GSK, Shell...	Dec. 05
HSBC Names New Investment Bank Leadership as Shake-Up Continues -- Financial News	Dec. 05	DJ
HSBC Appoints Lisa McGeough as US CEO	Dec. 05	MT
Asia Standard International Group's Subsidiary Disposes Entire Shareholding in HSBC Holdings for HK$218 Million	Dec. 05	MT
HSBC's Hong Kong Unit Launches Open Banking Feature on App	Dec. 04	MT
HSBC Holdings Buys Back About 3.4 Million Shares	Dec. 04	MT
HSBC Holdings Announces Executive Changes	Dec. 04	CI
HSBC Announces Executive Changes	Dec. 04	CI
Dubai Chambers, HSBC Seek to Accelerate Business Growth Under MoU	Dec. 04	MT

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Company Profile

HSBC Holdings plc is one of the world's leading banking groups. Revenues break down by activity as follows: - retail banking and wealth management (41.2%): sales of classical and specialized banking products and services (consumer loans, leasing, factoring, private card management, etc.) and wealth management; - commercial banking (34.5%) ; - investment, financing and market banking (24.3%): operations on the capital markets, operations on rates, change rates and natural resources, merger and acquisition consulting, initial public offerings, capital investment, specialized and unionized financing solutions, etc.; At the end of 2023, the group had USD 1,611.6 billion in current deposits and USD 938.5 billion in current credits.

Employees

215,180

Sector

Banks

Calendar

2025-02-24 - Q4 2024 Earnings Release (Projected)

More about the company