UB-HSBC@EP2611B

HSBC Reaffirms Private Credit Commitment, Denies $4B Pause Report

HSBC Halts $4 Billion Private Credit Investment

HSBC Bullish on RMB, Expects USD/CNY to Hit 6.65 by Year-End

RBC Raises HSBC Price Target to 1275 Pence

HSBC is the Only UK Brand on the Kantar Brandz Top 100 List

Morgan Stanley Maintains Hold Rating on HSBC

HSBC Takes a $400 Million Charge Related to Apollo Loan

HSBC issued 2.25 billion US dollars in notes

HSBC issued 3.5 billion euros of senior unsecured notes

Citibank Upgrades HSBC Earnings Forecast and Target Price

HSBC plans to issue $1.5 billion perpetual subordinated convertible securities

HSBC CFO Sells Company Shares

Humansa Signs Memorandum of Understanding with HSBC and HSBC Life

HSBC Facilitates Hong Kong Government's Successful Issuance of Multi-currency Green and Infrastructure Bonds

CICC and DBS Reiterate Buy Rating on HSBC

HSBC Shareholders Approve Various Resolutions

HSBC Announces Performance Targets and Growth Strategy for 2026-2028

HSBC Completes Review of Loan Policies and Assures Shareholders Fraud Incident is a One-off Issue

HSBC Announces Special Credit Fund to Support Chinese Enterprises' Low-Carbon Transformation

RADIANCE HLDGS

ANCHORSTONE

RIVERINE CHINA

REACH NEW HLDGS

FINELAND LIVING

NUR HOLDINGS

GOLDEN LEAF INT

UBOT HOLDING

MAN YUE TECH

GS-C

HSBC

GS-D

00005

Private credit is facing challenges as fourteen major BDCs reported markdowns of $1.2 billion below amortized cost in Q1, particularly affecting smaller funds. Federal prosecutors are investigating BlackRock's valuation methods, while regulators demand increased transparency and stress testing. Additionally, HSBC has halted the deployment of $4 billion in private credit funds following significant losses, and Goldman Sachs is looking to offload risk from its balance sheet.

- Fourteen major business development companies (BDCs) marked down their portfolios in Q1, totaling $1.2 billion below amortized cost, with distress concentrated in smaller funds.  
- Federal prosecutors are investigating BlackRock’s valuation methods as regulators demand increased transparency and stress testing in the sector.  
- Capital deployment has slowed, illustrated by HSBC's pause on $4 billion in private credit funds and Goldman Sachs' efforts to transfer risk off its balance sheet.

GOLDMAN SACHS GROUP INC DEP SHS REPSTG 1/1000TH PRF SER C

Goldman Sachs

GOLDMAN SACHS GROUP INC DEP REP 1/1000TH PRF D

HSBC HOLDINGS

BlackRock

BlackRock Tech and Private Equity Term Trust

BLACKROCK MULTI-SECTOR INCOME TR COM USD0.001(S/R 09/09/2025) WI

Blackrock Enhanced Div Achievers Trust

BlackRock Science and Tech Term Trust

BlackRock Multi-Sector Income Trust

HSBC 5xShortSG241213

HSBC Holdings Plc

GS Hldg R

Private credit faces markdowns, probes, and funding slowdown

HSBA

In a report released yesterday, from HSBC maintained a Buy rating on NWS Holdings, with a price target of HK$10.00.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks NWS Holdings has an analyst consensus of Strong Buy, with a price target consensus of HK$10.73.

- HSBC has maintained a Buy rating on NWS Holdings with a price target of HK$10.00.  
- The analyst consensus for NWS Holdings is Strong Buy, indicating positive market sentiment.  
- The price target consensus among analysts stands at HK$10.73, suggesting further upside potential.

Tip Ranks

CTF SERVICES

HSBC Sticks to Its Buy Rating for NWS Holdings (NWSZF)

HSBH

HSBC Holdings Plc has not yet utilized its nearly $4 billion in private credit funds amid sector turmoil. The bank aims to compete in the $1.8 trillion private credit market but recently faced a $400 million loss linked to a loan to Apollo's Atlas SP Partners. This loss led to a 6% drop in HSBC's shares. Concerns over default risks and high interest rates persist, prompting regulatory scrutiny from the SEC and Congress regarding the private credit sector.

- HSBC Holdings Plc has not yet utilized its $4 billion from private credit funds, aiming to compete in the $1.8 trillion private credit market.  
- The bank reported a $400 million loss linked to a loan to Apollo's Atlas SP Partners, causing a 6% drop in its shares.  
- This loss occurs amid concerns over default risks and high interest rates in the private credit sector, which is under scrutiny from regulatory agencies and Congress.

benzinga_article

HSBC Holdings plc ADRhedged

Blackstone

Apollo Global

Nano Labs

Carlyle

Blue Owl Capital

Shutterstock

APOLLO GLOBAL MANAGEMENT INC 6.75% CONV PFD STK SER A

Apollo Global Management Pref Share APO 7.625 09/15/53

KKR Group Fin Co IX LLC Pref Share KKRS 4.625 04/01/61

KKR & CO INC 6.25% MAND CONV PREF SHARES SER D

KKR & Co. Inc.

Blue Owl Capital III

Blue Owl Tech Finance

HSBC Sits On $4 Billion In Private Credit Dry Powder Amid Sector Turmoil

Justin Allen Holdings Limited has detailed its subscriptions to HSBC wealth management products, including a USD10 million principal-guaranteed note maturing in September 2027 and several matured dual currency investments. The outstanding balance of these subscriptions is USD10 million, with yields around 4%. The company aims to optimize cash management and investment income through these products, while stakeholders should monitor potential currency conversion impacts.

- Justin Allen Holdings Limited has provided updates on its transactions with HSBC involving wealth management products.  
- The company has a USD 10 million principal-guaranteed fixed-to-floating note maturing in September 2027, along with dual currency investments, aiming to optimize cash management.  
- The announcement also highlights key terms and emphasizes the need for stakeholders to monitor potential currency conversion impacts from the FX-linked instruments.

JUSTIN ALLEN H

Justin Allen details HSBC wealth product subscriptions, leaves USD10m outstanding

HSBC reaffirmed its commitment to private credit investments, countering a Financial Times report that claimed a pause on a US$4 billion investment plan. This comes after a US$400 million loss linked to Market Financial Solutions raised concerns in the private credit market. HSBC stated it has not transferred any funds and has no current plans to do so, despite regulatory scrutiny over banks' exposure to the US$3.5 trillion private credit industry.

- HSBC reaffirmed its commitment to private credit investments, contradicting a Financial Times report about pausing a US$4 billion investment plan.  
- The bank emphasized its dedication to asset management despite concerns from regulators regarding exposure to the private credit industry, which totals US$3.5 trillion.  
- This statement follows a recent US$400 million loss related to the collapse of Market Financial Solutions, highlighting ongoing market jitters.

Businesstimes News

Thomson Reuters

HSBC committed to its private credit investments after report on US$4 billion pause

HSBC has halted its $4bn shadow banking initiative due to concerns over a potential crisis in the unregulated sector. Initially announced in June last year, the bank planned to invest in private credit funds but has not transferred any funds and has no current plans to proceed.

- HSBC has halted its $4 billion shadow banking initiative amid concerns over a crisis in the unregulated sector, following a $400 million loss linked to the collapse of Market Financial Solutions.  
- The decision comes as the shadow banking industry faces scrutiny over loose lending standards, with warnings from prominent financial leaders about potential fallout.  
- HSBC aims to maintain its asset management focus in private credit funds despite these complications.

The telegraph

Banco Santander SA-Spon

Wells Fargo

Jefferies Financial

Barclays

JPMorgan Chase

Banco Santander, S.A.

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A DD

WELLS FARGO & COMPANY 7.5% PERP CONV PRF CLS 'A' SERIES 'L'

WELLS FARGO & COMPANY DEP SHS REP 1/1000 INT PER PFD SER Y A

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A CC

WELLS FARGO & COMPANY 4.75% DEP SHS 1/1000 NCUM PFD CL A SR Z

WELLS FARGO & COMPANY DEP SHS REP 1/1000TH INT PFD SR AA (CLA)

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

HSBC puts $4bn shadow banking drive on hold amid crisis fears

HSBC has delayed its $4 billion private credit investment amid concerns over US valuations and borrower risks, with no timeline for deployment. The bank remains committed to its asset management's private credit funds, despite a 1.7% drop in shares during premarket trading.

- HSBC has not yet deployed the $4 billion committed to its private credit strategy, with no timeline for investment.  
- The bank's plans to invest in alternative lending through its asset manager have been paused due to concerns over US private credit valuations and borrower risks.  
- A spokesperson confirmed the bank's commitment to its private credit funds, despite a 1.7% drop in the company's shares during premarket activity.

Fidelity

Update: Market Chatter: HSBC Holds Back $4 Billion Private Credit Investment Amid Industry Scrutiny

HSBC (HSBC) has not transferred its previously announced figure of $4B into its own private credit funds and has no current plans to do so, the Financial Times reported, citing two sources familiar with the decision-making process. Executives had grown wary of the investment amid wobbles in the U.S. private credit market, the report said. HSBC told the FT it was “committed to our asset management’s offering in private credit funds.”

- HSBC has not moved its previously announced $4 billion into its private credit funds and has no plans to do so.  
- Concerns over instability in the U.S. private credit market have caused executives to approach the investment cautiously.  
- Despite this, HSBC stated its commitment to its asset management offerings in private credit funds.

Seeking Alpha

HSBC halts $4B allocation to internal private credit funds, FT reports

UB-HSBC@EP2611B(29293.HK)