Company: HBCYF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001654954-25-008629
Chunk: 8

Company: HSBC HOLDINGS PLC
Filing Date: 2025-07-30
Form: 6-K
Chunk 8
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 continue to invest in innovative products like HSBC TradePay for Import Duties, a targeted financing solution for our US customers which simplifies the payment of import duties whilst helping them optimise working capital.

We are also well placed across many of the world's fastest-growing wealth markets to help customers navigate greater market volatility as they look to protect and grow their wealth. Our new state-of-the-art wealth centres in our home markets of Hong Kong and the UK, and across Asia, offer premium venues to access personalised wealth management services.

#### Disciplined delivery of our commitments
We continue to move with energy and intent in the way we deliver our strategy, the way we find the efficiencies that optimise our resource allocation and the way we actively and dynamically manage our costs, capital and target investments.

This can be seen in the momentum in our earnings, the discipline in our execution, and the confidence we have in our ability to deliver our targets.

The tighter, talented leadership team I have put in place at the Group Operating Committee continue to sharpen the focus of our four businesses with direct influence over strategy and execution, alongside accountability for driving results.

#### Organisational simplification
Together, we are making meaningful progress in our mission to deliver $1.5bn of annualised savings, with actions taken in the first half resulting in $0.7bn of these cost saves. We remain on track to realise the full $1.5bn in 2027.

#### Reallocation from non-strategic activities
We are also making progress in our efforts to generate incremental investment capacity for our priority growth areas.

We have announced the strategic disposals of our business in Uruguay, Bahrain retail operations, UK life insurance subsidiary, German custody and fund administration businesses and our French portfolio of home and other loans retained following the disposal of our retail operations in France.

We have also taken action to refocus our investment bank, making progress on the winding down of our M&A and equity capital markets activities in Europe, the UK and the Americas to focus on Asia and the Middle East where we have regional market leadership and significant room to grow. We have also expanded our focus on our debt capabilities globally, comprising our Debt Capital Markets and Leveraged and Acquisition Finance franchises, to include our Private Debt activities.

#### Investing for growth
By creating this capacity, our priority is investing for growth. In our home markets we will expand the number of wealth centres and enhance our wealth capabilities in Hong Kong, which is expected to become the world's leading cross-border wealth centre. In the UK,