Key facts: HSBC stock rises 3.8% on KBW upgrade; privatization plan for Hang Seng Bank proposed

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2025.12.18 01:03
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HSBC Holdings' stock rose 3.8% to 1,148.60p after KBW upgraded it to 'outperform' and raised the target price to 1,240p, citing strong performance in Hong Kong's wealth management.123On December 17, 2025, HSBC proposed to privatize Hang Seng Bank through a scheme of arrangement, following an earlier announcement on October 9, 2025.4