<p>HSBC HOLDINGS (00005.HK) announced that it has entered into multiple non-discretionary repurchase agreements with Merrill Lynch for a maximum repurchase of up to $3 billion, allowing Merrill Lynch to purchase shares from August 1 to no later than October 24, while simultaneously selling the relevant shares to HSBC</p>

HSBC

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<p>HSBC HOLDINGS announced that it will initiate a share repurchase of up to $3 billion and has entered into several non-discretionary repurchase agreements with Merrill Lynch, allowing Merrill Lynch to purchase shares from August 1 to no later than October 24, while simultaneously selling the relevant shares to HSBC</p>

HSBC Holdings entered into a commission agreement to repurchase $3 billion in shares no later than October 24