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Chinese Vice President Han Zheng met with HSBC Group Chairman Mark Tucker in Beijing, emphasizing China's commitment to high-standard opening and multilateralism amid global uncertainties. Han expressed hope for HSBC's continued engagement in the Chinese market to enhance China-Britain and China-Europe relations. Tucker affirmed HSBC's confidence in China's economic prospects and its dedication to fostering long-term, stable Britain-China relations.
HSBC Holdings is set to see a dilution of its stake in Bank of Communications, although Mark Tucker has reaffirmed the bank's commitment to its shareholding. Year-to-date, HSBC has repurchased approximately 3.55 million shares for HKD 314 million. Tucker also indicated a strong dividend outlook, maintaining a payout ratio of 50% for this year.
HSBC Group Chairman Mark Tucker announced a strong dividend outlook during an informal shareholder meeting in Hong Kong, maintaining a payout ratio of 50% for this year. Despite global uncertainties, the group aims for an average return on tangible equity of about 15% annually from 2025 to 2027.
UBS reports that HSBC Holdings' earnings have slightly declined due to its stake in Bank of Communications, yet the overall outlook remains stable. Mark Tucker emphasizes a strong dividend outlook, maintaining a payout ratio of 50% for this year. Additionally, CICC provides ratings and forecasts for Chinese banks, including comparisons of net profits and dividend returns for 2024 and 2025/2026.
HSBC reported a record profit before tax of US$32.3 billion for 2024, enabling a total return of US$26.9 billion to shareholders, including a dividend of 87 US cents per share. The bank celebrated its 160th anniversary, emphasizing its commitment to supporting Hong Kong's status as a global financial hub and its ongoing community initiatives. Group CEO Georges Elhedery highlighted the bank's strategic growth and adaptability in a changing economic landscape.
HSBC's profitability is heavily influenced by its diversified income streams, with structural hedging reducing its sensitivity to interest rate fluctuations. Despite a decline in net interest income growth, the bank maintains strong liquidity and solvency metrics, reporting a CET1 ratio of 14.9%. However, rising costs and potential trade wars pose challenges, prompting considerations of outsourcing trading operations as the bank navigates a shifting global economic landscape.
Hong Kong is projected to surpass Switzerland as the leading global wealth hub by 2027-2028, driven by its strategic position linking the Chinese mainland and global markets. HSBC's Mark Tucker highlighted the region's potential, bolstered by China's technological advancements and supportive policies for private enterprises, which are enhancing investor confidence and market activity. The Hang Seng Index has seen significant growth, reflecting the positive momentum in Hong Kong's economic and financial landscape.
On 24 March 2025, HSBC Holdings plc granted conditional awards to employees and former employees for a total of 1,785,450 ordinary shares under the HSBC Share Plan 2011. This announcement was made in compliance with the rules governing the listing of securities on The Stock Exchange of Hong Kong Limited. The company is incorporated in England and Wales, with its registered office located at 8 Canada Square, London.
HSBC chair Sir Mark Tucker stated that "globalisation as we knew it may have now run its course," citing trade and geopolitical tensions that could reshape economic ties among regional groups and trade blocs. He emphasized that while the world won't regress into de-globalisation, new opportunities will arise, particularly among the expanding Brics group, which now includes additional countries like Iran and the UAE. Tucker noted that economic connectivity between Asia and the Middle East is expected to increase significantly in the coming years.
Hong Kong is enhancing its position as a global financial hub, focusing on gold trading, attracting foreign investment, and promoting green finance. The city is set to host the inaugural Hong Kong Global Financial and Industry Summit, aiming to foster international collaboration and innovation in fintech and digital assets. With a projected economic growth of 2.9% annually and a significant rise in stock market activity, Hong Kong continues to strengthen its role as a super-connector in global finance.
Mark Tucker
People
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