HSBC Holdings (00005) plans to repurchase shares worth up to $1 billion

According to the Zhitong Finance App, HSBC Holdings (00005) issued an announcement. HSBC Holdings Limited (HSBC) announced that, as mentioned in the announcement on August 4, 2026, it will repurchase HSBC common shares with a face value of 0.5 US dollars per share, with a maximum amount of 1 billion US dollars. The purpose of the buyback is to reduce the number of issued common shares of HSBC. The fair value loss of the above financial assets included profit and loss at fair value was approximately HK$400,000 during the period, including unrealized losses of about HK$600,000 and realized gains of about HK$200,000. Of these, unrealized losses were non-cash and would not have any significant impact on the Group's cash flow.

HSBC and BNP Paribas Financial Markets SNC (BNP Paribas) have entered into a number of non-discretionary repurchase agreements, allowing BNP Paribas (as principal) to purchase common shares with a total value of up to $1 billion between August 6, 2026 and no later than October 23, 2026 (depending on whether regulatory approval is still valid) and sell the relevant shares to HSBC at the same time.