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汇丰控股(00005) - 2023 - 中期财报
00005HSBC HOLDINGS(00005)2023-08-17 08:30

Diversity and Inclusion - As of the end of the first half of 2023, the proportion of women in senior leadership positions at HSBC has increased to 33.6%, with a target of reaching 35% by the end of 2025[1]. - The company is committed to fostering an inclusive work environment to attract and retain diverse talent[1]. Climate and Sustainability Initiatives - HSBC has invested 30millioninclimatetechnologyriskcapitalstrategiestosupportinnovationsinkeyareassuchaselectricvehicleroutingandtechnology[1].−Thecompanyaimstoachievenet−zerocarbonemissionsforitsownoperationsandsupplychainby2030,andforitsfinancedprojectsby2050[1].−HSBCisexpandingthenumberofindustriescoveredbyits2030financingemissionstargets,includingshipping,agriculture,commercialrealestate,andresidentialproperties[1].−HSBC′srevisedenergypolicy,releasedinDecember2022,nowencompassesabroaderrangeofenergysectors,includingupstreamoilandgas,hydrogen,andrenewableenergy[1].−HSBChaslaunchedasustainabledevelopmentacademyin2022toenhanceemployeeskillsinsupportofthenet−zerocarbonemissionsgoal[1].−Thegroupiscommittedtomanagingclimaterisksacrossallbusinessesandintegratingclimatefactorsintoexistingriskcategories,withdetaileddisclosuresavailableinthe2022AnnualReport[11].FinancialPerformance−Netinterestincomeforthefirsthalfof2023was30 million in climate technology risk capital strategies to support innovations in key areas such as electric vehicle routing and technology[1]. - The company aims to achieve net-zero carbon emissions for its own operations and supply chain by 2030, and for its financed projects by 2050[1]. - HSBC is expanding the number of industries covered by its 2030 financing emissions targets, including shipping, agriculture, commercial real estate, and residential properties[1]. - HSBC's revised energy policy, released in December 2022, now encompasses a broader range of energy sectors, including upstream oil and gas, hydrogen, and renewable energy[1]. - HSBC has launched a sustainable development academy in 2022 to enhance employee skills in support of the net-zero carbon emissions goal[1]. - The group is committed to managing climate risks across all businesses and integrating climate factors into existing risk categories, with detailed disclosures available in the 2022 Annual Report[11]. Financial Performance - Net interest income for the first half of 2023 was 18.3 billion, an increase of 4.9billionor364.9 billion or 36% compared to the same period in 2022[25]. - The total pre-tax profit for the first half of 2023 was 21.657 billion, significantly higher than 8.780billioninthesameperiodof2022[21].−Thebank′sbusinessnetinterestincomeforthefirsthalfof2023was8.780 billion in the same period of 2022[21]. - The bank's business net interest income for the first half of 2023 was 21.9 billion, up from 13.6billioninthesameperiodof2022,reflectingagrowthof6113.6 billion in the same period of 2022, reflecting a growth of 61%[23]. - The effective tax rate for the first half of 2023 was 16.6%, with a decrease of 1.9 percentage points attributed to non-taxable gains from the acquisition of the UK Silicon Valley Bank[33]. - The profit attributable to ordinary shareholders for the six months ended June 30, 2023, was 16,966 million, compared to 7,966millionforthesameperiodin2022,representinga1137,966 million for the same period in 2022, representing a 113% increase[97]. Risk Management - The company is committed to addressing environmental, social, and governance (ESG) risks, which have increased due to global regulatory developments and stakeholder expectations[15]. - The company continues to monitor evolving regulatory environments, especially following recent bank failures that may lead to changes in overall regulatory scrutiny[15]. - The company is actively managing model risk as regulatory requirements evolve, particularly concerning capital models and the use of artificial intelligence[15]. - The group is closely monitoring credit quality changes and potential risks of defaults in various sectors[117]. - The company continues to enhance risk management frameworks, particularly in third-party risk policies and climate risk assessments[113]. Economic Outlook - The economic outlook remains uncertain, particularly in the UK, which may adversely affect profitability and growth prospects in that market[117]. - The risk of economic recession persists, with mixed signals from the commercial property market in mainland China[117]. - The anticipated credit losses and other credit impairment provisions were impacted by global inflation and rising interest rates in the first half of 2023[117]. - The unemployment rate in the UK is expected to rise to 4.2% in 2023, with a gradual increase from 2022 levels, while China and Hong Kong are anticipated to see a decrease in unemployment rates as the economy recovers[149]. - The overall economic outlook reflects a significant risk of recession, with potential increases in unemployment and declines in asset prices[163]. Customer Engagement and Technology - The company is focused on enhancing digital technology to innovate and improve customer service, while also managing associated risks[15]. - The company is actively simplifying banking procedures and providing tools to help customers manage their finances effectively[1]. - HSBC plans to continue expanding its market presence and investing in new technologies to enhance customer experience[79]. Credit Losses and Provisions - Expected credit losses and other credit impairment charges amounted to 1.3 billion in the first half of 2023, including 1.1billioninstagethreeprovisions,with1.1 billion in stage three provisions, with 300 million related to the commercial property sector in mainland China[29]. - The expected credit loss provision as of June 30, 2023, is 12.8billion,anincreaseof12.8 billion, an increase of 0.2 billion from December 31, 2022, including 1billionfromadverseforeignexchangemovements[123].−Theexpectedcreditlossforretailloansincreasedby1 billion from adverse foreign exchange movements[123]. - The expected credit loss for retail loans increased by 100 million compared to December 31, 2022, while wholesale loans saw a decrease of 400million[192].StrategicTransactions−TheacquisitiongainrecognizedfromthepurchaseoftheUKSiliconValleyBankwas400 million[192]. Strategic Transactions - The acquisition gain recognized from the purchase of the UK Silicon Valley Bank was 1.5 billion, contributing positively to the financial results[28]. - The company recognized a temporary gain of $1,500 million related to the acquisition of Silicon Valley Bank in the UK[81]. Workforce and Employee Engagement - A 2022 reward survey indicated a 9 percentage point increase in employees who believe their compensation is fair[1]. - Employee turnover rates have eased, but inflation remains high in certain regions, impacting talent retention and recruitment efforts[15]. - The number of employees as of June 30, 2023, was 221,764, an increase of 2,565 from December 31, 2022, indicating growth in workforce[33].