Media releases

HSBC Insurance (Asia) Limited, an indirect wholly-owned subsidiary of HSBC Holdings plc (HSBC), has received approval from the Shanghai office of the China Banking and Insurance Regulatory Commission to acquire the remaining 50% equity interest in HSBC Life Insurance Company Limited (HSBC Life China), which would allow HSBC to take its shareholding to 100% upon completion.

HSBC Asset Management (India) Private Ltd, an indirect wholly-owned subsidiary of HSBC Holdings plc (HSBC), has entered into an agreement with L&T Finance Holdings Limited (LTFH) to fully acquire L&T Investment Management Limited (LTIM) for US$425 million.

HSBC Holdings plc (“HSBC”) is today setting out a detailed policy to phase out the financing of coal-fired power and thermal coal mining by 2030 in EU and OECD markets, and worldwide by 2040.

HSBC Holdings plc (‘HSBC’ or together with its subsidiaries, the ‘Group’) notes the publication today of the Bank of England’s 2021 Solvency Stress Test (‘SST’) results.

“We had a good third-quarter performance, with strong growth in profits supported by additional credit provision releases,” said Group Chief Executive Noel Quinn.

HSBC Holdings plc (“HSBC”) and Temasek today announced a partnership to establish a debt financing platform dedicated to sustainable infrastructure projects with an initial focus on Southeast Asia, as part of efforts to reduce climate change.

HSBC announces the appointment of Lord Udny-Lister as Senior Adviser to Mark Tucker, Group Chairman, HSBC Holdings, with effect from 27 September 2021.

HSBC has agreed to acquire AXA Singapore for USD575 million - a key step in supporting its ambition to be Asia’s leading insurance and wealth provider.

HSBC Holdings plc reported profit before tax in 1H21 of USD10.8bn, up from USD4.3bn in 1H20. All regions were profitable and there was continued strength in Asia.

HSBC Continental Europe (‘HBCE’) has today signed a Memorandum of Understanding (‘MOU’) with Promontoria MMB SAS (‘My Money Group’), its subsidiary Banque des Caraïbes SA (the ‘Purchaser’) and My Money Bank (‘MMB’), regarding the potential sale of HBCE’s retail banking business in France.

David Liao and Surendra Rosha have been appointed as Co-Chief Executives of HSBC Asia Pacific, taking over from Peter Wong with immediate effect.

Strategically repositions US retail business towards international banking and wealth management.

HSBC, in partnership with WRI and WWF, today unveils their Climate Solutions Partnership to unlock barriers to finance for companies and projects that tackle climate change.

“We had a good start to the year in support of our customers, while achieving materially enhanced returns for our shareholders,” said Group Chief Executive Noel Quinn.

HSBC Holdings plc reported profit before tax of USD8.8bn, down 34%, from higher expected credit losses and other credit impairment charges and lower revenue, partly offset by a fall in operating expenses.

HSBC has today announced a number of changes to its senior management team.

HSBC Holdings plc announces the appointment of Dr Celine Herweijer as Group Chief Sustainability Officer, effective July 2021.