Company: HBCYF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001089113-25-000052
Chunk: 47

Company: HSBC HOLDINGS PLC
Filing Date: 2025-07-30
Form: 6-K
Chunk 47
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 growth. In IWPB, customer accounts rose by $4bn , notably in the Private Bank in our main legal entity in Hong Kong reflecting strong wealth deposit inflows amidst market volatility. Repurchase agreements – non-trading increased by $15bn or 8% , primarily in the US for short-term funding and in our main legal entities in mainland China due to higher client demand for short-term funding. Financial liabilities designated at fair value increased by $25bn or 18% , notably in HSBC Holdings reflecting $9bn in new debt issuances in 1H25, and in HSBC Bank plc from increased medium- term note issuances by our Debt and Equity Markets business. Liabilities of disposal groups held for sale increased by $17bn or 59% , primarily due to the $12bn classification of liabilities from our custody business in Germany following the announcement of the planned sale of the business. Other liabilities increased by $41bn or 20% , notably from a rise of $27bn in settlement accounts in the US and in HSBC Bank plc from an increase in trading activity, compared with the seasonal reduction in December 2024. Equity Total shareholders’ equity , including non-controlling interests, increased by $8bn or 4% compared with 31 December 2024. Profits generated of $12bn and net gains through other comprehensive income (‘OCI’) of $9bn were partly offset by the impact of dividends paid of $9bn , and the impact of our $5bn share buy-back activities in 1H25. The net gains through OCI of $9bn included $6bn of exchange differences and a $2bn increase in the cash flow hedging reserve. Financial investments As part of our interest rate hedging strategy, we hold a portfolio of debt instruments, reported within financial investments, which are classified as hold-to-collect-and-sell. As a result, the change in value of these instruments is recognised through ‘debt instruments at fair value through other comprehensive income’ in equity. At 30 June 2025, we had recognised a pre-tax cumulative unrealised loss reserve through other comprehensive income of $2.1bn related to these hold- to-collect-and-sell positions, excluding investments held in our insurance business. This compared with an unrealised loss of $3.8bn at 31 December 2024, and reflected a $1.7bn pre-tax gain in 1H25, inclusive of movements on related fair value hedges