Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 601

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 601
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22,307 |   642 |  85,950 |
| Repurchase agreements – non-trading                                                                |                2,768 |                                  — |     — |   2,768 |
| Financial liabilities designated at fair value                                                     |                    — |                              2,370 |     — |   2,370 |
| Derivatives                                                                                        |                  608 |                                  7 |     — |     615 |
| Debt securities in issue                                                                           |                7,707 |                              1,377 |     — |   9,084 |
| Subordinated liabilities                                                                           |                    8 |                                  — |     — |       8 |
| Accruals, deferred income and other liabilities                                                    |                5,916 |                                196 |     4 |   6,116 |
| Total liabilities at 31 Dec2023                                                                    |               81,503 |                             26,257 |   646 | 108,406 |
| Date of completion                                                                                 |        28 March 2024 |                     1 January 2024 |       |         |
| Operating segment                                                                                  | All globalbusinesses |                                WPB |       |         |

1 Includes financial investments measured at fair value through other comprehensive income of $ 9.4 bn and debt instruments measured at amortised cost of

$ 7.6 bn.

Business acquisitions

In October 2023, HSBC Global Asset Management Singapore Limited, a wholly-owned subsidiary of The Hongkong and Shanghai Banking

Corporation Limited, entered into an agreement to acq u ire 100% o f the shares of Silkroad Property Partners Pte Ltd (‘Silkroad’) and for HSBC

Global Asset Management Limited to acquire Silkroad’s affiliated General Partner entities. Silkroad is a Singapore headquartered Asia-Pacific-

focused, real estate investment manager. The acquisition was completed on 31 January 2024.

In October 2023, HSBC Bank (China) Company Limited, a wholly-owned subsidiary of The Hongkong and Shanghai Banking Corporation

Limited, entered into an agreement to acquire Citibank China’s retail wealth management portfolio in mainland China. The portfolio comprises

assets under management and deposits and the associated wealth customers. The acquisition was completed on 7 June 2024.

The financial impact of these business acquisitions was not significant for the Group.

24 Trading liabilities

|                                                       |   2024 |   2023 |
|                                                       |     $m |     $