Company: HBCYF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001089113-25-000052
Chunk: 59

Company: HSBC HOLDINGS PLC
Filing Date: 2025-07-30
Form: 6-K
Chunk 59
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                    3.8 | 3.7 |      4.0 |           3.0 |    2.0 | 3.7 |    8.8 |
| 2028                                          |                    3.8 | 3.5 |      3.9 |           2.9 |    2.2 |  3.6 |    7.9 |                    3.7 | 3.6 |      4.0 |           3.2 |    2.0 | 3.6 |    8.9 |
| 2029                                          |                    3.9 | 3.7 |      4.1 |           3.0 |    2.4 |  3.7 |    8.2 |                    3.7 | 3.6 |      4.0 |           3.3 |    2.1 | 3.6 |    8.9 |
| 5-year average1                               |                    3.8 | 3.6 |      4.0 |           2.9 |    2.1 |  3.7 |    7.8 |                    3.9 | 3.7 |      4.1 |           3.1 |    2.0 | 3.8 |    8.9 |

1 The five -year average is calculated over the 20 quarter projection. For the 2Q25 scenario this is from 3Q25 to 2Q30. For the 4Q24 scenario it is from 1Q25 to 4Q29.

2 For mainland China, rate shown is the Loan Prime Rate.

| HSBC Holdings plc Interim Report 2025 on Form 6-K |
| 49                                                |

| Overview |     | Interim management report |     | Interim condensed consolidatedfinancial statements |     | Additional information |
|          |     | Risk                      |     |                                                    |     |                        |

The graphs compare the respective Central scenario with current economic expectations beginning in the second quarter of 2025.

GDP growth: Comparison of Central scenarios

| Hong Kong |

4Q24 Central 5Y Average: 2.6% 2Q25 Central 5Y Average: 2.2%

Note: Real GDP shown as year-on-year percentage change.

| UK |

4