Company: HBCYF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0001654954-25-004763
Chunk: 22

Company: HSBC HOLDINGS PLC
Filing Date: 2025-04-29
Form: 6-K
Chunk 22
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 asset size movements of $4.5bn, principally from our UK and US CIB business.

➢ For further details on RWAs, see page 48 .

### Business segments
The Group Operating Committee is considered to be the Chief Operating Decision Maker ('CODM') for the purposes of identifying the Group's reportable segments.

The Group Operating Committee reviews operating activity on a number of bases, including by business segments and legal entities. Our business segments - Hong Kong, UK, Corporate and Institutional Banking and International Wealth and Premier Banking - along with Corporate Centre - are our reportable segments under IFRS 8 'Operating Segments'. Business segment results are assessed by the CODM on the basis of constant currency performance, which removes the effects of currency translation impacts from reported results. Therefore, we present these results on a constant currency basis.

As required by IFRS 8, reconciliations of the constant currency results to the Group's reported results are presented on page 22 . Supplementary reconciliations of constant currency to reported results by business segment are presented on pages 23 to 27 for information purposes.

Management view of revenue

Our business segment commentary includes tables that provide breakdowns of revenue on a constant currency basis by major product. These reflect the basis on which revenue performance of the businesses is assessed and managed.

We group certain products in a consistent manner across our business segments. Wholesale transaction banking comprises our Global Foreign Exchange, Global Payments Solutions, Global Trade Solutions and Securities Services businesses. Wealth comprises our Investment Distribution, Insurance, Global Private Banking and Asset Management businesses.

On page 9 , we also provide a summarised management view of revenue for the Group's results, on reported foreign exchange rates, to supplement the Group's reported revenue performance using a consistent product grouping that we use to assess and manage our segmental performance.

Hong Kong business - constant currency basis

| Results - on a constant currency basis         | Quarter ended |             |             |               |     |                    |
|:-----------------------------------------------|--------------:|------------:|------------:|--------------:|----:|:-------------------|
|                                                |               |             |             |      Variance |     |                    |
|                                                |               |             |             | 1Q25 vs. 1Q24 |     |                    |
|                                                |   31 Mar 2025 | 31 Dec 2024 | 31 Mar 2024 |               |     | of which strategic 
 transactions1      |
|                                                |            $m |          $