UB-HSBC@EP2611B

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

HSBC: AI to Reshape Finance Jobs, Group Retraining Staff to Adapt

SYNERTONE

SOFTMEDX

HIPINE

BIOSTAR PHARM-B

WING FUNG GROUP

PAN ASIA DATA H

MEDINET GROUP

G-VISION INT'L

XI2CSOPMSTR

HSBC

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NTES

HSBA

03690

00005

MPNGY

HSBH

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.

AASTOCKS News

NTES-S

NetEase

HSBC Holdings Plc

MEITUAN

Hang Seng Index

Lenovo Group

HSBC HOLDINGS

Meituan

LENOVO GROUP

ISHARESHSI

HSBC Holdings plc ADRhedged

TRACKER FUND

FL2 CSOP HSI

FI CSOP HSI

FI2 CSOP HSI

Dow Jones Industrial Average

NASDAQ Composite Index

Hang Seng China Enterprises Index

Hang Seng TECH Index

TENCENT

WUXI BIO

LONGFOR GROUP

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

MEITUAN-WR

Meituan HK SDR 5to1

HSBC 5xShortSG241213

WuXi Biologics

LENOVO GROUP-R

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

BABA-W

Alibaba

BABA-WR

Alibaba HK SDR 5to1

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

STAN

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

Standard Chartered PLC

JPMorgan Chase

Defiance Daily Target 2X Long JPM ETF

YieldMax JPM Option Income Strategy ETF

STANCHART

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

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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

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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

HSBC is considering offering non-HKD stablecoins to enhance cross-border transfers and aims to launch a HKD stablecoin in H2. The token will integrate into HSBC's app for payments and tokenized asset investments.

HSBC Considers Non-HKD Stablecoins and Targets H2 Launch for HKD Stablecoin

HUBB

Hubbell completed a $1.9 billion senior notes offering to fund its pending acquisition of NSI Industries, generating approximately $1.87 billion in net proceeds. The underwriting was led by JPMorgan, BofA, and HSBC. Hubbell also executed an indenture to issue $500 million of 2031 notes, $700 million of 2033 notes, and $700 million of 2036 notes, with redemption rights tied to the deal's closure.

- Hubbell has completed a $1.9 billion senior notes offering to finance its acquisition of NSI Industries, yielding approximately $1.8696 billion in net proceeds.  
- The company entered into an Underwriting Agreement with JPMorgan, BofA, and HSBC, and issued various notes due in 2031, 2033, and 2036, which include optional redemption rights.  
- A special mandatory redemption is included if the NSI acquisition does not close by the agreed date.

TradingView

Bank of America

Hubbell Incorporated-B

US Bancorp

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

Hubbell Completes $1.9 Billion Senior Notes Offering to Help Fund NSI Acquisition

HSBC remains bullish on global stocks despite 'wall of worry'

businessinsider

HSBC remains bullish on global stocks despite 'wall of worry'

UB-HSBC@EP2611B(29293.HK)

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

HSBC doubles down on global equity optimism despite Fed uncertainty

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

HSBC urges staying long on equities despite market jitters

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

HSBC Private Bank Launches new offering for wealthy clients

HSBC Considers Non-HKD Stablecoins and Targets H2 Launch for HKD Stablecoin

Hubbell Completes $1.9 Billion Senior Notes Offering to Help Fund NSI Acquisition

HSBC remains bullish on global stocks despite 'wall of worry'