Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 184

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 184
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 business. At 31 December 2024, the value of assets held under administration by the Group amounted to $5.2tn, which was 6% higher than at 31 December 2023. The balance comprised $3.1tn of assets in Securities Services, which were recorded at market value, and $2.1tn of assets in Issuer Services, recorded at book value. The increase was mainly driven by Securities Services balances due to net asset inflows in Europe and Asia together with favourable market movement, partly offset by adverse impact of currency translations notably in Europe and Asia. Issuer Services balances also rose driven by new issuances, including in the UK and the US, as well as new assets, including in our legal entity in Hong Kong.

| HSBC Holdings plcAnnual Report on Form 20-F | 119 |

Analysis of reported results by legal entities

| HSBC reported profit/(loss) before tax and balance sheet data                                                                             |                |              |                                                 |                           |                              |                |                                 |                      |                                                                  |           |
|                                                                                                                                           |           2024 |              |                                                 |                           |                              |                |                                 |                      |                                                                  |           |
|                                                                                                                                           | HSBCUK Bankplc | HSBCBank plc | TheHongkongandShanghaiBankingCorporationLimited | HSBCBankMiddleEastLimited | HSBCNorthAmericaHoldingsInc. | HSBCBankCanada | GrupoFinancieroHSBC,S.A. deC.V. | Othertradingentities | Holdingcompanies,sharedservicecentres andintra-Groupeliminations |     Total |
|                                                                                                                                           |             $m |           $m |                                              $m |                        $m |                           $m |             $m |                              $m |                   $m |                                                               $m |        $m |
| Net interest income                                                                                                                       |         10,331 |        1,254 |                                          15,077 |                     1,590 |                        1,613 |            300 |                           2,292 |                2,774 |                                                           -2,498 |    32,733 |
| Net fee income                                                                                                                            |          1,672 |        1,629 |                                           5,449 |                       508 |                        1,372 |            129 |                             630 |                1,076 |                                                             -164 |    12,301 |
| Net income from financialinstruments held for trading ormanaged on