September 26, 2016 2:32 PM ET

Banks

Company Overview of The Hongkong and Shanghai Banking Corporation Limited

Company Overview

The Hongkong and Shanghai Banking Corporation Limited, together with its subsidiaries, provides a range of banking and related financial services in Hong Kong and rest of Asia-Pacific. The company offers retail banking and wealth management products and services, such as current and savings accounts, mortgages and personal loans, credit and debit cards, insurance, asset management services, wealth management, and local and international payment services to meet the personal banking, consumer lending, and wealth management needs of individual customers. It also provides commercial banking products and services, including payments and cash management, international trade finance, treasury and ...

HSBC Main Building

1 Queen’s Road Central

Central,  

Hong Kong

Founded in 1865

65,348 Employees

Phone:

852 2822 1111

Fax:

852 2810 1112

Key Executives for The Hongkong and Shanghai Banking Corporation Limited

Deputy Chairman, Chief Executive Officer, Chairman of Asset & Liability Management Committee and Member of Chairman's Committee
Age: 65
Chief Financial Officer
Chief Executive Officer of HSBC Bangladesh
Chief Executive Officer of Singapore
Age: 59
Chief Executive Officer of Malaysia
Age: 54
Compensation as of Fiscal Year 2016.

The Hongkong and Shanghai Banking Corporation Limited Key Developments

The Hongkong and Shanghai Banking Corporation Limited Reports Unaudited Consolidated Earnings Results for the Half Year Ended June 30, 2016

The Hongkong and Shanghai Banking Corporation Limited reported unaudited consolidated earnings results for the half year ended June 30, 2016. For the half year, the company reported net interest income of HKD 47,676 million compared to HKD 46,944 million a year ago. Total operating income was HKD 115,530 million compared to HKD 134,420 million a year ago. Net operating income was HKD 82,141 million compared to HKD 100,737 million a year ago. Operating profit was HKD 45,705 million compared to HKD 62,035 million a year ago. Profit before tax was HKD 53,409 million compared to HKD 70,079 million a year ago. Profit for the period was HKD 43,245 million compared to HKD 59,902 million a year ago. Profit attributable to shareholders of the parent company was HKD 40,200 million compared to HKD 52,290 million a year ago. Net cash inflow from operating activities was HKD 203,340 million compared to HKD 177,304 million a year ago. Purchase of property, plant and equipment was HKD 1,097 million compared to HKD 1,853 million a year ago. Purchase of other intangible assets was HKD 815 million compared to HKD 741 million a year ago. Return on average shareholders' equity was 13.8% compared to 18.6% a year ago.

The Hongkong and Shanghai Banking Corporation Limited Announces Tender Offer for Up to an Aggregate Nominal Amount of USD 600,000,000 of the Outstanding USD 1,000,000,000 Fixed Rate Reset Guaranteed Exchangeable Subordinated Callable Notes Due 2041

The Hongkong and Shanghai Banking Corporation Limited (the Offeror) announced invitations to noteholders of the outstanding notes to tender such notes for purchase by the Offeror for cash up to an aggregate nominal amount of USD 600,000,000, subject to the satisfaction of the conditions described in the tender offer memorandum dated 25 May 2016 prepared by the Offeror. This announcement does not contain the full terms and conditions of the offer which are set out in the tender offer memorandum. Capitalized terms used in this announcement but not defined have the meanings given to them in the tender offer memorandum. In order to participate in, and be eligible to receive the tender consideration pursuant to the offer, noteholders must validly tender their notes by delivering, or arranging to have delivered on their behalf, a valid tender instruction that is received by the tender agent by 11:59 p.m. (New York City Time) on 22 June 2016. Notes validly tendered prior to the withdrawal deadline may be validly withdrawn at any time before 5 p.m. (New York City Time) on 8 June 2016, but not thereafter, and notes validly tendered after the withdrawal deadline are irrevocable, except (i) where the Offeror determines that additional withdrawal rights are required by law or (ii) in the limited circumstances described in "Amendment and Termination" in the tender offer memorandum. In order to be eligible to receive the early tender premium, noteholders must validly tender, and not validly withdraw, their notes at or prior to 5.00 p.m. (New York City Time) on 8 June 2016. The total purchase price will be determined at the pricing time in accordance with market convention and will be the price, expressed as an amount per USD 1,000 nominal amount of the notes, which reflects the yield to 24 May 2021 on the early tender settlement date equal to the sum of (a) the benchmark security rate and (b) the purchase spread. Specifically, the total purchase price will equal (a) the sum of all remaining payments of principal and interest on the notes up to and including 24 May 2021, discounted to the early tender settlement date at a discount rate equal to the purchase yield, minus (b) accrued interest to the early tender settlement date. The price to be paid by the Offeror for notes validly tendered after the early tender deadline is equal to the total purchase price less the early tender premium and is referred to herein as the purchase price. The Offeror will also pay accrued and unpaid interest on the notes from (and including) the immediately preceding interest payment date for the notes to (but excluding) either (i) the early tender settlement date in the case of notes validly tendered for purchase at or prior to the early tender deadline and accepted for purchase or (ii) the final settlement date in the case of notes validly tendered for purchase after the early tender deadline and at or prior to the expiration deadline and accepted for purchase.

The Hongkong and Shanghai Banking Corporation Limited Presents at HSBC China Conference, May-16-2016 09:00 AM

The Hongkong and Shanghai Banking Corporation Limited Presents at HSBC China Conference, May-16-2016 09:00 AM. Venue: Hilton Shenzhen Futian Hotel, Shenzhen, China. Speakers: Pik Kuen Wong, Chief Executive Officer of Greater China and President of Hsbc Bank (China) Company Limited.

Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
June 30, 2016
China Fishery Group Limited
Merger/Acquisition
April 28, 2016
NIFTY Corporation
 

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