UB-HSBC@EP2611B

HSBC Facilitates Tencent's Issuance of $2.45 Billion and 15 Billion RMB Notes

HSBC Raises 2026-2030 Global AI Industry Revenue Forecast to $2.5 Trillion

HSBC Private Bank Launches HSBC Access in HK, Opening Tech Startup Investments to UHNW Clients

HSBC Plans to Launch HKD Stablecoin in Second Half to Enhance Cross-border Transfers

After Standard Chartered CEO AI controversy, HSBC CEO Eric Hsieh: Humans remain core of banking even with AI, hiring may increase

Bank of America raises HSBC target price to 168.8 HKD, reiterates Buy rating

HSBC faces allegations of misappropriating funds from Lebanon in French investigation

HSBC Obtains Stablecoin License, Plans to Launch HKD Stablecoin in Second Half of Year

HSBC Launches HDSU Blockchain Settlement Tool with Significant Cost and Efficiency Gains in Pilot

HSBC Executives Step Up to Revitalize HK Investment Banking Business, Poach from JPMorgan to Expand Footprint

HSBC Launches Sci-Tech Finance Brand and 30 Billion RMB Green Fund, Increasing Investment in Mainland China

HSBC Private Bank Maintains Hang Seng Index Target at 28,000 Points, Bullish on HK and Mainland Stock Market Rebound

HSBC Issues A$1.4bn Notes and Seeks Listing on Euronext Dublin

HSBC Hong Aims for 7.5 Million Customers, Matching City Population

HSBC holds Asia summit in Hong Kong to showcase three business pillars

China Leverages New Energy Exports to Counter Economic Risks; HSBC Launches Fund as EU Considers Reducing Dependence

HSBC: Low Financing Dependence and High Deposit-Lending Ratio Grant Flexibility and Growth Potential

SYNERTONE

SOFTMEDX

HIPINE

TAILAM TECHCON

BIOSTAR PHARM-B

WING FUNG GROUP

PAN ASIA DATA H

G-VISION INT'L

MEDINET GROUP

00HSI

STAN

00005

HSBC

HSBA

HSBH

The Hang Seng Index fell 272 points to close at 24,292 in midday trading, marking its lowest level in over two and a half months. Financial stocks faced pressure due to capital outflows, with HSBC dropping 5.5% and Standard Chartered plunging 7%. Conversely, tech giants like Tencent rose over 3% on AI ecosystem news, while telecom operators gained on data center investment reports. Gold and copper miners also declined significantly.

- US markets showed mixed results on June 9, with the DJIA rising slightly while Nasdaq fell nearly 1% due to pressure on chip stocks.  
- Hong Kong's HSI opened down 123 points on June 10 and closed at 24,292, marking a significant decline influenced by tighter mainland controls on investment.  
- Notable performers included Tencent, which gained 3.22% after launching its AI ecosystem, while HSBC and Lenovo saw significant drops of 5.49% and 9.85%, respectively.

AASTOCKS News

Hang Seng Index

Standard Chartered PLC

HSBC HOLDINGS

HSBC Holdings Plc

STANCHART

FI2 CSOP HSI

FI CSOP HSI

ISHARESHSI

TRACKER FUND

FL2 CSOP HSI

HSBC Holdings plc ADRhedged

TENCENT

Tencent

Dow Jones Industrial Average

NASDAQ Composite Index

Hang Seng TECH Index

Hang Seng China Enterprises Index

BOC HONG KONG

HKEX

MEITUAN

Meituan

DiDi

POP MART

NTES-S

NetEase

KUAISHOU-W

BABA-W

Alibaba

LENOVO GROUP

Lenovo Group

CHINA UNICOM

CHINA TELECOM

Chagee

CHINA MOBILE

GEELY AUTO

ZIJIN MINING

Zijin Mining

ZIJIN GOLD INTL

LINGBAO GOLD

ZHAOJIN MINING

JIANGXI COPPER

JCCL

CMOC

HSBC 5xShortSG241213

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

AIA-R

AIA Group

Bank of China

BANK OF CHINA

Bank Of China

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

MEITUAN-WR

Meituan HK SDR 5to1

POP MART HK SDR 20to1

KUAISHOU-WR

BABA-WR

Alibaba HK SDR 5to1

LENOVO GROUP-R

China Unicom

China Mobile

CN Mobile HK SDR 5to1

CHINA MOBILE-R

GEELY AUTO-R

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

Geely Auto

LINGBAOGOLD-1K

HSI Extends Slide by 272 pts at Half-day; HSBC HOLDINGS  Slumps 5.5%, STANCHART Plunges 7%, TENCENT Rises Over 3% Against Market

09999

NTES

03690

LNVGY

MPNGY

Hong Kong stocks opened lower on the 10th, with the HSI down 123 points (0.5%) amid US-Iran tensions and mixed US markets. Major blue chips faced pressure: HSBC fell over 2%, Wuxi Bio slumped nearly 5%, and Lenovo dropped 4.8%. Conversely, Tencent rose 1.28% following plans to issue USD2.45 billion in notes, while NetEase gained 2.14%. Meituan edged down slightly.

- US markets traded mixed, with the DJIA rising while the Nasdaq fell nearly 1% due to pressure on chip stocks.  
- Escalating tensions in Iran led President Trump to accuse Iran of shooting down a US helicopter, prompting US strikes in response.  
- Hong Kong markets opened lower, with the HSI down 0.5% and a significant drop in blue-chip stocks, including HSBC and Lenovo, amid high short selling activity.

WUXI BIO

LONGFOR GROUP

WuXi Biologics

HSI Opens Down 123 pts; HSBC HOLDINGS Down 2%+; WUXI BIO Slumps ~5%

HSBC recommends a maximum overweight in global equities, arguing that key risks are overstated and already priced in. Meanwhile, Goldman Sachs has revised its Fed outlook, seeing no rate cuts in 2026 due to strong jobs data, which raises the possibility of a hike. Market focus shifts to upcoming CPI and PPI reports, with energy costs and AI investment now viewed as primary inflation drivers rather than tariffs.

- HSBC recommends a maximum overweight in global equities, arguing that key risks are overstated and reflected in current market prices.  
- Goldman Sachs has updated its forecast, indicating no Federal Reserve rate cuts in 2026 due to positive jobs data, increasing the likelihood of a rate hike.  
- Upcoming CPI and PPI reports are critical, as energy prices and AI investment are becoming significant inflation drivers, surpassing tariffs.

Goldman Sachs

GS Hldg R

HSBC doubles down on global equity optimism despite Fed uncertainty

U.S. stocks were mixed, while ADRs of Hong Kong-listed shares were mostly lower. According to Ming Pao, Tencent (0700) ADR rose 1.72% to an implied HK$451.65, Alibaba (9988) fell 0.3% to HK$117.26, Meituan (3690) gained 1.08% to HK$76.41, HSBC (0005) dropped 2.39% to HK$140.03, and China Construction Bank (0939) slipped 0.94% to HK$8.66. The near-month Hang Seng Index futures night session closed down 182 points at 24,441, a 124-point discount to the cash market.

CoinLive

China Construction Bank

STOCKS | Tencent ADR Rises 1.72% While HSBC ADR Falls 2.39%; HSI Futures Down 182 Points

HSBC maintains a bullish stance on global equities, increasing its overweight position in emerging markets, Japan, and Europe despite recent volatility. Market sentiment was shaken by strong May jobs data, rising Treasury yields, and semiconductor sell-offs. The upcoming CPI report is critical, as it may shift Federal Reserve policy expectations and determine whether markets resume their rally or face further correction.

- HSBC maintains an overweight position in global equities, particularly in emerging markets, Japan, and Europe, amidst recent market volatility.  
- Key factors influencing the market include a strong May jobs report, rising Treasury yields, and declines in semiconductor stocks, which collectively impacted market confidence significantly.  
- The upcoming CPI report on Wednesday may alter Federal Reserve policy expectations and will be crucial in deciding if markets will rebound or face further declines.

HSBC urges staying long on equities despite market jitters

JPMO

Top banking executives are responding to Standard Chartered's plan to cut thousands of jobs due to AI adoption. While some leaders deny immediate mass layoffs, research from Morgan Stanley and Juniper Research predicts significant job losses in the European banking sector, with forecasts ranging up to 20% of roles at risk by 2030. Other analysts view this as a realignment rather than pure reduction, noting that vulnerable middle-office positions may be replaced by engineering staff. Major banks like JP Morgan and HSBC acknowledge AI will transform job types, creating new roles while eliminating others.

- Top banking executives are responding to substantial job cuts spurred by AI advancements at Standard Chartered, which plans to eliminate up to 8,000 positions.  
- Morgan Stanley estimates that up to 20% of roles in the European banking sector could face job loss, leading to approximately 400,000 reductions, while alternative forecasts suggest a shift in job types rather than outright loss.  
- As AI impacts the workforce, banks are navigating a delicate balance between cost-cutting and new hiring, with institutions like HSBC considering significant global layoffs in pursuit of efficiency.

cityam

JPMorgan Chase

Defiance Daily Target 2X Long JPM ETF

YieldMax JPM Option Income Strategy ETF

Morgan Stanley

Barclays

Lloyds Banking

Mizuho Financial Group, Inc.

Mizuho Financial

Citigroup

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

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

Lloyds Banking Group plc

CITIGROUP INC 6.250 NON CUM SER II PFD WI

From mild to wild: What impact will AI have on banking jobs?

HSBC Private Bank launched 'HSBC Access', a new offering for ultra-high-net-worth individuals and family offices. This initiative provides access to institutional-grade private market investments, including direct deals and venture capital funds in technology and startups. It marks the first time these clients can invest via HSBC Innovation Banking since its 2023 establishment. The platform offers market intelligence and founder introductions, initially rolling out in Hong Kong before expanding globally to meet growing demand.

- HSBC Private Bank has launched «HSBC Access» to enhance UHNW individuals' access to private market investments and innovation.  
- This platform enables clients to invest in selected technology and start-up companies, previously available only to institutional investors, through HSBC's Banking divisions.  
- The initiative addresses growing demand for private investment opportunities and aims to broaden funding options for entrepreneurs, with plans for global expansion following its initial rollout in Hong Kong.

FiNews

HSBC Private Bank Launches new offering for wealthy clients

UB-HSBC@EP2611B(29293.HK)