v3.25.4
HSBC Holdings' subsidiaries, funds, joint ventures and associates (Tables)
 12 Months Ended
Dec. 31, 2025
Interests In Other Entities [Abstract]  
Disclosure of interests in subsidiaries
Main subsidiaries of HSBC Holdings1
At 31 Dec 2025
Place of
incorporation or
registration
HSBC’s
interest %
Share class
Europe
HSBC Bank plc
England and Wales
100
£1 Ordinary, $0.01 Non-Cumulative Third Dollar
Preference
HSBC UK Bank plc
England and Wales
100
£1 Ordinary
HSBC Continental Europe
France
99.99
€5 Actions
Asia
Hang Seng Bank Limited2,3
Hong Kong
63.43
HK$5 Ordinary
HSBC Bank (China) Company Limited4
People’s Republic of
China
100
CNY1 Ordinary
HSBC Bank Malaysia Berhad
Malaysia
100
Ordinary no par value
HSBC Life (International) Limited
Bermuda
100
HK$1 Ordinary
The Hongkong and Shanghai Banking Corporation Limited
Hong Kong
100
Ordinary no par value
Middle East, North Africa and Türkiye
HSBC Bank Middle East Limited
United Arab Emirates
100
$1 Ordinary and $1 Preference shares
North America
HSBC Bank USA, N.A.
US
100
$100 Common and $0.01 Preference
Latin America
HSBC Mexico, S.A., Institución de Banca Múltiple,
Grupo Financiero HSBC
Mexico
99.99
MXN2 Ordinary
1Main subsidiaries are either held directly or indirectly via intermediate holding companies. There has been no material percentage change in HSBC’s
shareholding for its existing main subsidiaries since 2024.
2In addition to the strategic holding disclosed above, the Group held 0.07% (2024: 0.06%) shareholding as part of its trading books.
3Based on the latest corporate substantial shareholding notice filed with Hong Kong Exchange and Clearing Limited on 21 June 2024, the Group’s shareholding in
Hang Seng Bank on 18 June 2024 was 63.04%. Movements in our shareholding since 18 June 2024 are reflected in the above table. Hang Seng Bank became a
wholly owned subsidiary of the Group following the completion of the privatisation on 26 January 2026. See Note 37 for further details.
4Represents a wholly foreign owned limited liability company registered under the laws of People’s Republic of China.
Subsidiaries with significant non-controlling interests
2025
2024
Hang Seng Bank Limited
Proportion of ownership interests and voting rights held by non-controlling interests (%)1
36.57
36.88
Place of business
Hong Kong
Hong Kong
$m
$m
Profit attributable to non-controlling interests
770
905
Accumulated non-controlling interests of the subsidiary
7,001
6,879
Dividends paid to non-controlling interests
627
620
Summarised financial information:
–  total assets
231,786
229,069
–  total liabilities
211,124
208,908
–  net operating income before changes in expected credit losses and other credit impairment charges
5,336
5,249
–  profit for the year
2,097
2,434
–  total comprehensive income for the year
2,509
2,482
1This includes the Group’s shareholding held under trading books 0.07% (2024: 0.06%).
Subsidiaries
% of share class
held by immediate
parent company (or
by the Group where
this varies)
Footnotes
AI Nominees (UK) One Limited
100.00
11
AI Nominees (UK) Two Limited
100.00
11
Almacenadora Banpacifico S.A. (In
Liquidation)
N/A
1, 12
Assetfinance December (F) Limited
100.00
13
Assetfinance December (H) Limited (In
Liquidation)
100.00
14
Assetfinance December (P) Limited
100.00
11
Assetfinance December (R) Limited (In
Liquidation)
100.00
14
Assetfinance June (A) Limited
100.00
11
Assetfinance June (D) Limited (In Liquidation)
100.00
14
Assetfinance March (B) Limited
100.00
15
Assetfinance March (D) Limited
100.00
13
Assetfinance March (F) Limited (In
Liquidation)
100.00
14
Assetfinance September (F) Limited
100.00
11
Assetfinance September (G) Limited (In
Liquidation)
100.00
14
B&Q Financial Services Limited (In
Liquidation)
100.00
14
Banco HSBC S.A.
100.00
16
Banco Nominees (Guernsey) Limited
100.00
17
Banco Nominees 2 (Guernsey) Limited
100.00
17
Banco Nominees Limited
100.00
18
Beau Soleil Limited Partnership
N/A
1, 19
Beijing HSBC Real Estate Leasing Company
Limited
N/A
1, 10, 20
Beijing Miyun HSBC Rural Bank Company
Limited
N/A
1, 10, 21
BentallGreenOak China Real Estate
Investments, L.P.
N/A
1, 22
Canada Square Nominees (UK) Limited
100.00
11
Capco/Cove, Inc.
100.00
23
Card-Flo #3, Inc.
100.00
24
CCF & Partners Asset Management Limited
(In Liquidation)
100.00
(99.99)
14
CCF Holding (Liban) S.A.L. (In Liquidation)
74.99
2, 25
Charterhouse Administrators (D.T.) Limited
100.00
(99.99)
11
Charterhouse Management Services Limited
100.00
(99.99)
11
Charterhouse Pensions Limited
100.00
11
Chongqing Dazu HSBC Rural Bank Company
Limited
N/A
1, 10, 26
Chongqing Fengdu HSBC Rural Bank
Company Limited
N/A
1, 10, 27
Chongqing Rongchang HSBC Rural Bank
Company Limited (In Liquidation)
N/A
1, 10, 28
COIF Nominees (UK) Two Limited
100.00
11
COIF Nominees Limited
N/A
1, 11
Corsair IV Financial Services Capital Partners -
B L.P
N/A
1, 29
Dalian Pulandian HSBC Rural Bank Company
Limited
N/A
1, 10, 30
Decision One Mortgage Company, LLC
N/A
1, 31
Desarrollo Turistico, S.A. de C.V. (In
Liquidation)
100.00
(99.99)
12
Electronic Data Process México, S.A. de C.V.
100.00
32
Eton Corporate Services Limited
100.00
17
Flandres Contentieux S.A.
100.00
(99.99)
5, 33
Foncière Elysées
100.00
(99.99)
5, 33
Fujian Yongan HSBC Rural Bank Company
Limited
N/A
1, 10, 34
Fulcher Enterprises Company Limited (In
Liquidation)
100.00
(63.43)
35
Fundacion HSBC, A.C.
100.00
(99.99)
2, 8, 12
Giller Ltd.
100.00
23
Griffin International Limited (In Liquidation)
100.00
14
Grupo Financiero HSBC, S. A. de C. V.
99.99
12
Guangdong Enping HSBC Rural Bank
Company Limited
N/A
1, 10, 36
Subsidiaries
% of share class
held by immediate
parent company (or
by the Group where
this varies)
Footnotes
Guangzhou HSBC Real Estate Company Ltd
N/A
1, 10, 37
Hang Seng (Nominee) Limited
100.00
(63.43)
38
Hang Seng Bank (China) Limited
N/A
1, 10, 39
Hang Seng Bank (Trustee) Limited
100.00
(63.43)
38
Hang Seng Bank Limited
63.43
38
Hang Seng Bullion Company Limited
100.00
(63.43)
38
Hang Seng Credit Limited (In Liquidation)
100.00
(63.43)
35
Hang Seng Data Services Limited
100.00
(63.43)
38
Hang Seng Finance Limited
100.00
(63.43)
38
Hang Seng Financial Information Limited
100.00
(63.43)
38
Hang Seng Indexes (Netherlands) B.V.
100.00
(63.43)
40
Hang Seng Indexes Company Limited
100.00
(63.43)
38
Hang Seng Insurance Company Limited
100.00
(63.43)
38
Hang Seng Investment Management Limited
100.00
(63.43)
38
Hang Seng Investment Services Limited
100.00
(63.43)
38
Hang Seng Qianhai Fund Management
Company Limited
N/A
1, 10, 41
Hang Seng Real Estate Management Limited
100.00
(63.43)
38
Hang Seng Securities Limited
100.00
(63.43)
38
Hang Seng Security Management Limited
100.00
(63.43)
38
HASE Wealth Limited
100.00
(63.43)
38
Haseba Investment Company Limited
100.00
(63.43)
38
HBPH Corporation (In Liquidation)
99.99
42
HFC Bank Limited (In Liquidation)
100.00
43
High Time Investments Limited
100.00
(63.43)
38
HLF
100.00
(99.99)
5, 33
Honey Blue Enterprises Limited
100.00
19
Honey Green Enterprises Ltd.
100.00
44
Honey Grey Enterprises Limited
100.00
19
Honey Silver Enterprises Limited
100.00
19
Household International Europe Limited (In
Liquidation)
100.00
43
Household Pooling Corporation
100.00
45
Housing (USA) Inc.
100.00
24
HSBC (BGF) Investments Limited
100.00
11
HSBC (Kuala Lumpur) Nominees Sdn Bhd
100.00
46
HSBC (Malaysia) Trustee Berhad
100.00
47
HSBC (Singapore) Nominees Pte Ltd
100.00
48
HSBC Agency (India) Private Limited
100.00
49
HSBC Amanah Malaysia Berhad
100.00
46
HSBC Americas Corporation (Delaware)
100.00
24
HSBC Asia Holdings B.V.
100.00
11
HSBC Asia Holdings Limited
100.00
3, 19
HSBC Asia Pacific Holdings (UK) Limited
100.00
6, 11
HSBC Asset Finance (UK) Limited
100.00
11
HSBC Asset Finance M.O.G. Holdings (UK)
Limited
100.00
11
HSBC Australia Holdings Pty Limited
100.00
4, 6, 52
HSBC BANK (CHILE)
100.00
53
HSBC Bank (China) Company Limited
N/A
1, 10, 54
HSBC Bank (General Partner) Limited
100.00
55
HSBC Bank (Mauritius) Limited
100.00
56
HSBC Bank (Singapore) Limited
100.00
48
HSBC Bank (Taiwan) Limited
100.00
57
HSBC Bank (Uruguay) S.A.
100.00
58
HSBC Bank (Vietnam) Ltd.
100.00
59
HSBC Bank A.S.
100.00
60
HSBC Bank Australia Limited
100.00
52
HSBC Bank Bermuda Limited
100.00
18
HSBC Bank Capital Funding (Sterling 1) LP
N/A
1, 55
HSBC Bank Egypt S.A.E
94.54
61
HSBC Bank Malaysia Berhad
100.00
4, 46
HSBC Bank Malta p.l.c.
70.03
62
HSBC Bank Middle East Limited
100.00
4, 63
HSBC Bank Pension Trust (UK) Limited
100.00
11
HSBC Bank plc
100.00
3, 4, 11
HSBC Bank USA, National Association
100.00
4, 64
HSBC Branch Nominee (UK) Limited
100.00
13
Subsidiaries
% of share class
held by immediate
parent company (or
by the Group where
this varies)
Footnotes
HSBC Brasil Holding S.A.
100.00
16
HSBC Broking Forex (Asia) Limited
100.00
19
HSBC Broking Futures (Asia) Limited
100.00
19
HSBC Broking Futures (Hong Kong) Limited
100.00
19
HSBC Broking Securities (Asia) Limited
100.00
19
HSBC Broking Securities (Hong Kong) Limited
100.00
19
HSBC Broking Services (Asia) Limited
100.00
19
HSBC Capital (USA), Inc.
100.00
24
HSBC Card Services Inc.
100.00
24
HSBC Casa de Bolsa, S.A. de C.V., Grupo
Financiero HSBC
100.00
(99.99)
12
HSBC Cayman Limited (In Liquidation)
100.00
65
HSBC Cayman Services Limited
100.00
65
HSBC Client Holdings Nominee (UK) Limited
100.00
11
HSBC Client Nominee (Jersey) Limited
100.00
2, 66
HSBC Continental Europe
99.99
5, 33
HSBC Corporate Advisory (Malaysia) Sdn Bhd
100.00
46
HSBC Corporate Finance (Hong Kong) Limited
100.00
19
HSBC Corporate Secretary (UK) Limited
100.00
3, 11
HSBC Corporate Services (Shanghai) Co., Ltd.
N/A
1, 10, 67
HSBC Corporate Trustee Company (UK)
Limited
100.00
11
HSBC Custody Nominees (Australia) Limited
100.00
52
HSBC Custody Services (Guernsey) Limited
100.00
17
HSBC Electronic Data Processing
(Guangdong) Limited
N/A
1, 10, 69
HSBC Electronic Data Processing (Malaysia)
Sdn Bhd
100.00
70
HSBC Electronic Data Processing
(Philippines), Inc.
99.99
71
HSBC Electronic Data Processing India
Private Limited
100.00
72
HSBC Electronic Data Processing Lanka
(Private) Limited
100.00
73
HSBC Electronic Data Service Delivery
(Egypt) S.A.E
100.00
74
HSBC Equipment Finance (UK) Limited
100.00
13
HSBC Equity (UK) Limited (In Liquidation)
100.00
14
HSBC Europe B.V.
100.00
11
HSBC Express Finance Data Services Limited
100.00
19
HSBC Factoring (France)
100.00
(99.99)
5, 33
HSBC Finance (Netherlands)
100.00
3, 11
HSBC Finance Corporation
100.00
24
HSBC Finance Limited (In Liquidation)
100.00
14
HSBC Finance Transformation (UK) Limited
100.00
11
HSBC Financial Advisors Singapore Pte. Ltd.
100.00
2, 48
HSBC Financial Services (Lebanon) S.A.L (In
Liquidation)
99.83
75
HSBC FinTech Services (Shanghai) Company
Limited
N/A
1, 10, 76
HSBC Global Custody Nominee (UK) Limited
100.00
11
HSBC Global Custody Proprietary Nominee
(UK) Limited
100.00
11
HSBC Global Services (Canada) Limited
100.00
85
HSBC Global Services (China) Holdings
Limited
100.00
11
HSBC Global Services (Hong Kong) Limited
100.00
19
HSBC Global Services (UK) Limited
100.00
11
HSBC Global Services Limited
100.00
3, 11
HSBC Group Management Services Limited
100.00
11
HSBC Group Nominees UK Limited
100.00
3, 11
HSBC Holdings B.V.
100.00
11
HSBC Innovation Bank Limited
100.00
87
HSBC Institutional Trust Services (Asia)
Limited
100.00
19
HSBC Institutional Trust Services (Bermuda)
Limited
100.00
18
HSBC Institutional Trust Services (Mauritius)
Limited
100.00
88
HSBC Institutional Trust Services (Singapore)
Limited
100.00
48
Subsidiaries
% of share class
held by immediate
parent company (or
by the Group where
this varies)
Footnotes
HSBC Insurance (Asia) Limited
100.00
89
HSBC Insurance (Asia-Pacific) Holdings
Limited
100.00
79
HSBC Insurance (Bermuda) Limited
100.00
18
HSBC Insurance Agency (USA) Inc.
100.00
90
HSBC Insurance Brokerage Company Limited
N/A
1, 10, 91
HSBC Insurance Brokers Greater China
Limited
100.00
79
HSBC Insurance SAC 1 (Bermuda) Limited
100.00
18
HSBC Insurance SAC 2 (Bermuda) Limited
100.00
18
HSBC International Finance Corporation
(Delaware)
100.00
92
HSBC International Trustee (BVI) Limited
100.00
9, 93
HSBC International Trustee (Holdings) Pte.
Limited
100.00
48
HSBC International Trustee Limited
100.00
94
HSBC Inversiones S.A.
100.00
53
HSBC InvestDirect (India) Private Limited
99.99
50
HSBC InvestDirect Financial Services (India)
Limited
99.99
50
HSBC InvestDirect Sales & Marketing (India)
Private Limited
98.99
(98.98)
49
HSBC InvestDirect Securities (India) Private
Limited
99.99
50
HSBC Investment and Insurance Brokerage,
Philippines Inc.
99.99
95
HSBC Investment Bank Holdings B.V.
100.00
11
HSBC Investment Bank Holdings Limited
100.00
11
HSBC Investment Company Limited
100.00
3, 11
HSBC Invoice Finance (UK) Limited
100.00
13
HSBC Issuer Services Common Depositary
Nominee (UK) Limited
100.00
11
HSBC Latin America B.V.
100.00
11
HSBC Latin America Holdings (UK) Limited
100.00
3, 11
HSBC Leasing (Asia) Limited
100.00
19
HSBC Life (Bermuda) Limited
100.00
18
HSBC Life (Cornell Centre) Limited
100.00
89
HSBC Life (Edwick Centre) Limited
100.00
89
HSBC Life (International) Limited
100.00
18
HSBC Life (Property) Limited
100.00
89
HSBC Life (Singapore) Pte. Ltd.
100.00
48
HSBC Life (Tsing Yi Industrial) Limited
100.00
89
HSBC Life (UK) Limited
100.00
11
HSBC Life (Workshop) Limited
100.00
89
HSBC Life Assurance (Malta) Ltd.
100.00
(70.03)
80
HSBC Life Insurance Company Limited
N/A
1, 10, 97
HSBC LU Nominees Limited
100.00
11
HSBC Markets (USA) Inc.
100.00
24
HSBC Marking Name Nominee (UK) Limited
100.00
11
HSBC Master Trust Trustee Limited (In
Liquidation)
100.00
14
HSBC Mexico, S.A., Institucion de Banca
Multiple, Grupo Financiero HSBC
99.99
12
HSBC Middle East Asset CO. LLC
100.00
100
HSBC Middle East Holdings B.V.
100.00
3, 4, 63
HSBC Middle East Leasing Partnership
N/A
1, 101
HSBC Middle East Securities L.L.C (In
Liquidation)
100.00
102
HSBC Mortgage Corporation (USA)
100.00
24
HSBC Nominees (Asing) Sdn Bhd
100.00
46
HSBC Nominees (Hong Kong) Limited
100.00
19
HSBC Nominees (New Zealand) Limited
100.00
103
HSBC Nominees (Tempatan) Sdn Bhd
100.00
46
HSBC North America Holdings Inc.
100.00
4, 24
HSBC Overseas Holdings (UK) Limited
100.00
3, 11
HSBC Overseas Investments Corporation
(New York)
100.00
104
HSBC Overseas Nominee (UK) Limited
100.00
11
HSBC PB Corporate Services 1 Limited
100.00
105
HSBC PB Services (Suisse) SA
100.00
106
Subsidiaries
% of share class
held by immediate
parent company (or
by the Group where
this varies)
Footnotes
HSBC Pension Trust (Ireland) DAC (In
Liquidation)
100.00
107
HSBC Pensiones, S.A. (In Liquidation)
100.00
(99.99)
12
HSBC PI Holdings (Mauritius) Limited
100.00
88
HSBC Preferential LP (UK)
100.00
11
HSBC Private Bank (Luxembourg) S.A.
100.00
(99.99)
96
HSBC Private Bank (Suisse) SA
100.00
106
HSBC Private Bank (UK) Limited
100.00
11
HSBC Private Banking Holdings (Suisse) SA
100.00
106
HSBC Private Banking Nominee 3 (Jersey)
Limited
100.00
105
HSBC Private Equity Investments (UK)
Limited
100.00
11
HSBC Private Markets Management SARL
N/A
1, 2, 108
HSBC Private Trustee (Hong Kong) Limited
100.00
19
HSBC Professional Services (India) Private
Limited
100.00
109
HSBC Property (UK) Limited
100.00
11
HSBC Property Funds (Holding) Limited
100.00
11
HSBC Provident Fund Trustee (Hong Kong)
Limited
100.00
19
HSBC Qianhai Securities Limited
N/A
1, 10, 110
HSBC Real Estate Leasing (France)
100.00
(99.99)
5, 33
HSBC REGIO Fund General Partner S.à r.l.
100.00
86
HSBC Retirement Benefits Trustee (UK)
Limited
100.00
3, 11
HSBC Retirement Services Limited (In
Liquidation)
100.00
2, 14
HSBC Saudi Arabia, Closed Joint Stock
Company
100.00
(66.19)
111
HSBC Securities (Egypt) S.A.E. (In
Liquidation)
100.00
(94.65)
112
HSBC Securities (Japan) Co., Ltd.
100.00
51
HSBC Securities (Singapore) Pte Limited
100.00
48
HSBC Securities (South Africa) (Pty) Limited
100.00
113
HSBC Securities (Taiwan) Corporation Limited
100.00
57
HSBC Securities (USA) Inc.
100.00
24
HSBC Securities and Capital Markets (India)
Private Limited
99.99
6, 49
HSBC Securities Brokers (Asia) Limited
100.00
19
HSBC Securities Investments (Asia) Limited
100.00
19
HSBC Securities Services (Bermuda) Limited
100.00
18
HSBC Securities Services (Guernsey) Limited
100.00
17
HSBC Securities Services (Ireland) DAC
100.00
107
HSBC Securities Services (Luxembourg) S.A.
100.00
96
HSBC Securities Services Holdings (Ireland)
DAC
100.00
107
HSBC Securities Services Nominees Limited
100.00
19
HSBC Seguros, S.A de C.V., Grupo Financiero
HSBC
100.00
(99.99)
12
HSBC Semfi Limited
75.00
11
HSBC Service Company Germany GmbH
100.00
(99.99)
7, 77
HSBC Service Delivery (Polska) Sp. z o.o.
100.00
114
HSBC Services (France)
100.00
(99.99)
5, 33
HSBC Services Japan Limited
100.00
84
HSBC Services USA Inc.
100.00
115
HSBC Servicios Financieros, S.A. de C.V
100.00
(99.99)
12
HSBC Servicios, S.A. DE C.V., Grupo
Financiero HSBC
100.00
(99.99)
12
HSBC SFT (C.I.) Limited
100.00
17
HSBC Software Development (Guangdong)
Limited
N/A
1, 10, 116
HSBC Software Development (India) Private
Limited
100.00
117
HSBC Software Development (Malaysia) Sdn
Bhd
100.00
70
HSBC Specialist Investments Limited
100.00
11
HSBC Technology & Services (USA) Inc.
100.00
24
HSBC Transaction Services GmbH
100.00
(99.99)
7, 77
HSBC Trinkaus & Burkhardt (International)
S.A.
100.00
(99.99)
96
Subsidiaries
% of share class
held by immediate
parent company (or
by the Group where
this varies)
Footnotes
HSBC Trinkaus & Burkhardt Gesellschaft fur
Bankbeteiligungen mbH
100.00
(99.99)
7, 77
HSBC Trinkaus & Burkhardt GmbH
100.00
(99.99)
7, 77
HSBC Trinkaus Real Estate GmbH
100.00
(99.99)
7, 77
HSBC Trust Company (Delaware), National
Association
100.00
92
HSBC Trustee (C.I.) Limited
100.00
105
HSBC Trustee (Cayman) Limited
100.00
65
HSBC Trustee (Guernsey) Limited
100.00
17
HSBC Trustee (Hong Kong) Limited
100.00
19
HSBC Trustee (Singapore) Limited
100.00
48
HSBC UK Bank plc
100.00
3, 13
HSBC UK Client Nominee Limited
100.00
13
HSBC UK Covered Bonds LLP
N/A
1, 13
HSBC UK Societal Projects Limited (In
Dissolution)
N/A
1, 13
HSBC USA Inc.
100.00
4, 104
HSBC Ventures USA Inc.
100.00
24
HSBC Violet Investments (Mauritius) Limited
100.00
118
HSBC Wealth Client Nominee Limited
100.00
13
HSBC Yatirim Menkul Degerler A.S.
100.00
60
HSI Asset Securitization Corporation
100.00
24
HSI International Limited
100.00
(63.43)
38
HSIL Investments Limited
100.00
11
Hubei Macheng HSBC Rural Bank Company
Limited
N/A
1, 10, 119
Hubei Suizhou Cengdu HSBC Rural Bank
Company Limited
N/A
1, 10, 120
Hubei Tianmen HSBC Rural Bank Company
Limited
N/A
1, 10, 121
Hunan Pingjiang HSBC Rural Bank Company
Limited
N/A
1, 10, 122
Imenson Limited
100.00
(63.43)
38
Inmobiliaria Bisa, S.A. de C.V.
99.99
(99.98)
12
Inmobiliaria Grufin, S.A. de C.V.
100.00
(99.99)
12
Inmobiliaria Guatusi, S.A. de C.V.
100.00
(99.99)
12
Internationale Kapitalanlagegesellschaft mit
beschränkter Haftung
100.00
(99.99)
7, 77
James Capel (Nominees) Limited
100.00
11
James Capel (Taiwan) Nominees Limited
100.00
11
Keyser Ullmann Limited
100.00
(99.99)
11
Lion Corporate Services Limited
100.00
19
Lion International Corporate Services Limited
100.00
94
Lion International Management Limited
100.00
94
Lion Management (Hong Kong) Limited
100.00
19
Lyndholme Limited
100.00
19
Marks and Spencer Financial Services plc
100.00
123
Marks and Spencer Unit Trust Management
Limited
100.00
123
Midcorp Limited (In Liquidation)
100.00
14
Midland Bank (Branch Nominees) Limited
100.00
13
Midland Nominees Limited
100.00
13
MP Payments Group Limited
100.00
11
MP Payments Middle East AE L.L.C. (In
Liquidation)
100.00
124
MP Payments Operations Limited
100.00
11
MP Payments Singapore Pte. Ltd. (In
Liquidation)
100.00
48
MP Payments UK Limited
100.00
11
Prudential Client HSBC GIS Nominee (UK)
Limited
100.00
11
PT Bank HSBC Indonesia
98.94
125
PT HSBC Sekuritas Indonesia
99.00
126
R/CLIP Corp.
100.00
24
Real Estate Collateral Management Company
100.00
24
Republic Nominees Limited
100.00
17
RLUKREF Nominees (UK) One Limited
100.00
11
RLUKREF Nominees (UK) Two Limited
100.00
11
S.A.P.C. - Ufipro Recouvrement
99.99
8, 33
Saf Baiyun
100.00
(99.99)
5, 33
Saf Guangzhou
100.00
(99.99)
5, 33
Subsidiaries
% of share class
held by immediate
parent company (or
by the Group where
this varies)
Footnotes
SFM
100.00
(99.99)
5, 33
SFSS Nominees (Pty) Limited
100.00
113
Shandong Rongcheng HSBC Rural Bank
Company Limited
N/A
1, 10, 127
Shenzhen HSBC Development Company Ltd
N/A
1, 10, 128
Sico Limited
100.00
129
SNC Les Oliviers D'Antibes
60.00
(59.99)
8, 78
SNCB/M6-2007 A
100.00
(99.99)
2, 5, 33
SNCB/M6-2007 B
100.00
(99.99)
2, 5, 33
SNCB/M6-2008 A
100.00
(99.99)
2, 5, 33
Société Française et Suisse
100.00
(99.99)
5, 33
Somers Dublin DAC
100.00
(99.99)
107
Somers Nominees (Far East) Limited
100.00
18
Sopingest
100.00
(99.99)
2, 5, 33
St Cross Trustees Limited
100.00
13
Sun Hung Kai Development (Lujiazui III)
Limited
N/A
1, 10, 134
The Hongkong and Shanghai Banking
Corporation Limited
100.00
19
Tooley Street View Limited
100.00
3, 11
Trinkaus Europa Immobilien-Fonds Nr.3
Objekt Utrecht Verwaltungs-GmbH
100.00
(99.99)
7, 77
Trinkaus Immobilien-Fonds
Geschaeftsfuehrungs-GmbH
100.00
(99.99)
7, 77
Trinkaus Immobilien-Fonds Verwaltungs-
GmbH
100.00
(99.99)
7, 77
Trinkaus Private Equity Management GmbH
100.00
(99.99)
7, 77
Trinkaus Private Equity Verwaltungs GmbH
100.00
(99.99)
7, 77
Turnsonic (Nominees) Limited
100.00
13
Valeurs Mobilières Elysées
100.00
(99.99)
5, 33
WARDLEY LIMITED
100.00
19
Wayfoong (Asia) Limited
100.00
79
Wayfoong Nominees Limited
100.00
19
Westminster House, LLC
N/A
1, 24
Woodex Limited
100.00
18
Yan Nin Development Company Limited
100.00
(63.43)
38
Disclosure of interest in funds Funds
The undertakings below are part of our fund management structure.
Funds
% of share class
held by immediate
parent company
(or by the Group
where this varies)
Footnotes
Amber 2022 Direct Lending Fund SCA
SICAV-RAIF
N/A
1, 175
AMGB International Long-Term Equity
Strategy Mandate
N/A
1, 11
Blackthorn Diversified Credit 2024 LP
N/A
1, 186
CI 10 LP Inc
N/A
1, 98
Cinnabar 2021 Direct Lending Cell 1 PC
N/A
1, 176
Copper Direct Lending L.P.
N/A
1, 177
D9 LP Inc
N/A
1, 98
Deerpath Capital VII (Cayman), LP
N/A
1, 187
Diversified Loan Fund – Direct Lending A
S.a.r.l
100.00
(48.00)
68
Diversified Loan Fund – Direct Lending B
S.a.r.l
100.00
(48.00)
68
Diversified Loan Fund – Syndicated Loan A
S.a.r.l
100.00
(48.00)
68
Diversified Loan Fund – Syndicated Loan C
S.a.r.l
100.00
(48.00)
68
DRC European Real Estate Debt Fund IV
(EUR) L.P.
N/A
1, 178
Elysées Grand Large
N/A
1, 78
ESDLF 2023 Carry L.P
N/A
1, 98
GTIDF Fund Carry L.P.
N/A
1, 98
H.I.G. Heliodor 2021 PC
N/A
1, 179
H5 LP Inc
N/A
1, 98
Funds
% of share class
held by immediate
parent company
(or by the Group
where this varies)
Footnotes
H8 LP Inc
N/A
1, 98
H9 LP Inc
N/A
1, 98
Hayfin Garnet Feeder Fund S.C.A. SICAV-
RAIF
N/A
1, 180
Hayfin Garnet II Feeder Fund S.C.A. SICAV-
RAIF
N/A
1, 180
HSBC (Guernsey) Aggregator PCC Limited
100.00
98
HSBC (Guernsey) Focus PCC Limited
100.00
98
HSBC (Guernsey) GP PCC Limited
100.00
17
HSBC Alternative Investments Limited
100.00
11
HSBC ASIA LIVING REAL ESTATE GP S.À
R.L.
100.00
164
HSBC Asset Management (Fund Services
UK) Limited
100.00
11
HSBC Asset Management (India) Private
Limited
99.99
50
HSBC Asset Management (Japan) Limited
100.00
51
HSBC Climate Growth Partners Fund SCSp
N/A
1, 165
HSBC Climate Growth Partners GP S.à r.l.
100.00
165
HSBC Climate Growth Partners VC Carry
L.P.
N/A
1, 98
HSBC Diversified Loan Fund – Master S.a.r.l.
100.00
(48.00)
68
HSBC Diversified Loan Fund General Partner
S.à r.l.
100.00
68
HSBC Diversified Loan Fund SCSp-RAIF
N/A
1, 68
HSBC Equity Partners USA, LP
N/A
1, 83
HSBC European Senior Direct Lending 2023
HoldCo S.à r.l.
100.00
(99.60)
86
HSBC EUROPEAN SENIOR DIRECT
LENDING AIF OFS
N/A
1, 165
HSBC European Senior Direct Lending Fund
2023 RAIF SICAV-S.A.
99.60
86
HSBC Financial Technology Venture Capital
Fund SCSp
N/A
1, 165
HSBC Financial Technology Venture Capital
GP S.à r.l.
100.00
165
HSBC Fintech VC Carry L.P.
N/A
1, 98
HSBC GH Luxembourg Fund
N/A
1, 165
HSBC Global Asset Management (Bermuda)
Limited
100.00
4, 18
HSBC Global Asset Management
(Deutschland) GmbH
100.00
(99.99)
7, 77
HSBC Global Asset Management (France)
100.00
(99.99)
5, 78
HSBC Global Asset Management (Hong
Kong) Limited
100.00
79
HSBC Global Asset Management (Malta)
Limited
100.00
(70.03)
80
HSBC Global Asset Management (México),
S.A. de C.V., Sociedad Operadora de Fondos
de Inversión, Grupo Financiero HSBC
100.00
(99.99)
12
HSBC Global Asset Management
(Singapore) Limited
100.00
48
HSBC Global Asset Management
(Switzerland) AG
100.00
5, 81
HSBC Global Asset Management (Taiwan)
Limited
100.00
82
HSBC Global Asset Management (UK)
Limited
100.00
11
HSBC Global Asset Management (USA) Inc.
100.00
83
HSBC Global Asset Management Holdings
(Bahamas) Limited
100.00
84
HSBC Global Asset Management Limited
100.00
3, 11
HSBC Global Infrastucture Debt Fund SCSp
N/A
1, 86
HSBC Global Transition Infrastructure Debt
Fund RAIF SICAV-S.A.
N/A
1, 86
HSBC Infrastructure Debt GP 1 S.à r.l.
N/A
1, 86
HSBC Infrastructure Debt GP 2 S.à r.l.
N/A
1, 86
HSBC Investment Funds (Hong Kong)
Limited
100.00
79
HSBC Investment Funds (Luxembourg) SA
100.00
96
HSBC Latin America Coinvestments
Partners, LP
N/A
1, 83
Funds
% of share class
held by immediate
parent company
(or by the Group
where this varies)
Footnotes
HSBC Management (Guernsey) Limited
100.00
98
HSBC Management Consultancy (Shanghai)
Company Limited
N/A
1, 10, 99
HSBC Portfoy Yonetimi A.S.
100.00
60
HSBC Private Markets GP S.à r.l.
100.00
165
HSBC RCF HoldCo S.à r.l.
100.00
86
HSBC RCF Partnership Fund RAIF SICAV-
S.A.
N/A
1, 86
HSBC RCF SPV S.à r.l.
100.00
86
HSBC REIM (France)
100.00
(99.99)
5, 78
HSBC SDL UK 2020 HoldCo S.à r.l
100.00
(32.60)
96
HSBC SDL UK 2020 LendCo S.à r.l.B137
100.00
(32.60)
96
HSBC SDL UK II HoldCo S.à r.l.
100.00
(48.90)
86
HSBC SDLF II Carry L.P.
N/A
1, 98
HSBC Senior UK Direct Lending 2020 RAIF
SICAV-S.A.
N/A
1, 96
HSBC Senior UK Direct Lending Fund II
RAIF SICAV-S.A.
N/A
1, 86
HSBC Trustees (India) Private Limited
99.99
49
HSBC USD Senior Direct Lending Carry L.P.
N/A
1, 98
HSBC USD Senior Direct Lending GP S.à.r.l
100.00
86
HVDF US LLC
N/A
1, 24
HVDF US, L.P.
N/A
1, 2, 24
I3 LP Inc
N/A
1, 98
ICG Credit Strategies S.C.A SICAV-RAIF -
ICG Mandate 2023 Direct Lending Fund
N/A
1, 181
ICG Credit Strategies S.C.A. SICAV-RAIF -
ICG Mandate 2020 Direct Lending Fund
N/A
1, 181
Idinvest Growth Secondary Feeder SCA
SICAV-RAIF
N/A
1, 182
INHK IE LP Inc
N/A
1, 98
INHK Orca Carry L.P.
N/A
1, 98
INHK PC LP Inc
N/A
1, 98
INHK PE LP Inc
N/A
1, 98
J6 LP Inc
N/A
1, 98
KKR-LON Credit Strategies SCA SICAV-RAIF
N/A
1, 183
Korea Nova Solar 1 Inc
100.00
(66.70)
166
Korea Nova Solar 2 Inc
100.00
(66.70)
166
L1 LP Inc
N/A
1, 98
Lohas ECE Brown KK
N/A
1, 167
NAV Financing Partnership Fund Carry L.P.
N/A
1, 98
Nova Solar 1 GK
N/A
1, 168
Nova Solar 2 GK
N/A
1, 168
Nova Solar 3 GK
N/A
1, 168
Nova Solar 4 GK
N/A
1, 168
P2 LP Inc
N/A
1, 98
PE Opps II Carry L.P
N/A
1, 98
PE Opps III Carry L.P
N/A
1, 98
PPDP Peridot 2022 Feeder SCA SICAV-RAIF
N/A
1, 180
RCF Partnership Fund Carry L.P.
N/A
1, 98
Red Hexagon Energy Transition Asia Carry
L.P.
N/A
1, 98
Red Hexagon Energy Transition Asia Fund
SCSp
N/A
1, 86
Red Hexagon Energy Transition Asia GP S.à
r.l.
100.00
86
Red Hexagon ETA Master HoldCo Limited
100.00
169
Red Hexagon ETA Tekoma Japan Limited
100.00
(66.70)
169
Red Hexagon ETA Tekoma Operation
Limited
100.00
(66.70)
169
Red Hexagon ETA Tekoma Taiwan Limited
100.00
(66.70)
169
SilkRoad Fund Management S.à.r.l
100.00
130
Silkroad GP II Limited
100.00
2, 131
Silkroad GP II S.a.r.l.
100.00
130
Silkroad GP Limited
100.00
65
Silkroad GP SC S.a r.l
100.00
132
Silkroad Property Partners PTE. LTD.
100.00
133
Solar Field 13 GK
N/A
1, 168
SSOF IV Overage SMA H, L.P.
N/A
1, 184
Sunpower Americas Co-Invest I SCS
N/A
1, 185
Taiwan Nova Solar 1 Limited
100.00
(66.70)
170
Funds
% of share class
held by immediate
parent company
(or by the Group
where this varies)
Footnotes
Tekoma Energy Group Holdings Limited
66.70
169
Tekoma Energy Holdings Limited
100.00
(66.70)
170
Tekoma Energy Inc
100.00
(66.70)
171
Tekoma Energy KK
100.00
(66.70)
1, 168
Tekoma Energy Korea Inc
100.00
(66.70)
172
Tekoma Korea Holdings Limited
100.00
(66.70)
166
Tekoma Korea Limited
100.00
(66.70)
169
Vision 2023 Carry L.P
N/A
1, 98
Vision 2024 Carry L.P.
N/A
1, 98
Vision 2025 Carry L.P.
N/A
1, 98
Vision Apex 2025 Carry L.P.
N/A
1, 98
Vision Impact Carry L.P.
N/A
1, 98
Vision Infrastructure Carry L.P.
N/A
1, 98
W4 LP Inc
N/A
1, 98
Disclosure of interests in joint ventures Joint ventures
The undertakings below are joint ventures and equity accounted.
Joint ventures
% of share class
held by immediate
parent company
(or by the Group
where this varies)
Footnotes
Climate Asset Management Limited
40.00
135
MK HoldCo Limited
50.32
2, 136
Pentagreen Capital Pte. Ltd
50.00
137
ProServe Bermuda Limited
50.00
138
The London Silver Market Fixing Limited
N/A
1, 2, 139
Vaultex UK Limited
50.00
2, 140
Disclosure Of Non-Profit Foundation The undertakings below are Non-Profit Foundation.
Non-Profit Foundation
% of share class
held by immediate
parent company
(or by the Group
where this varies)
Footnotes
HSBC Philanthropy Foundation Beijing
N/A
1, 163
Disclosure of interests in associates
Principal associates of HSBC
2025
2024
Carrying amount
Fair value1
Carrying amount
Fair value1
$m
$m
$m
$m
Bank of Communications Co., Limited
22,456
11,713
22,367
11,631
Saudi Awwal Bank
5,511
5,499
5,027
5,705
1Principal associates are listed on recognised stock exchanges. The fair values are based on the quoted market prices of the shares held (Level 1 in the fair value
hierarchy).
Principal associates of HSBC (continued)
At 31 Dec 2025
Jurisdiction of incorporation
and principal place of business
Principal activity
HSBC’s interest1
%
Bank of Communications Co., Limited
Mainland China
Banking services
16.00
Saudi Awwal Bank
Saudi Arabia
Banking services
31.00
1The Group’s interest in Bank of Communications Co., Limited (‘BoCom’) reduced from 19.03% to 16.00% following the completion of a capital issuance by
BoCom on 17 June 2025. There has been no percentage change in HSBC’s shareholding interest in the Saudi Awwal Bank when compared with 2024.
Share of profit in associates and joint ventures
2025
2024
2023
$m
$m
$m
Bank of Communications Co., Limited
2,132
2,241
2,250
Saudi Awwal Bank
665
596
538
Other associates and joint ventures
114
75
19
Share of profit in associates and joint ventures
2,911
2,912
2,807
Less: Impairment of interest in BoCom
(1,000)
—
(3,000)
Selected balance sheet information of BoCom
At 30 Sep
2025
2024
$m
$m
Cash and balances at central banks
104,220
99,663
Due from and placements with banks and other financial institutions
123,034
122,607
Loans and advances to customers
1,265,800
1,128,603
Other financial assets
657,196
587,721
Other assets
66,665
61,086
Total assets
2,216,915
1,999,680
Due to and placements from banks and other financial institutions
346,808
326,742
Deposits from customers
1,324,734
1,195,590
Other financial liabilities
320,154
282,894
Other liabilities
40,284
38,082
Total liabilities
2,031,980
1,843,308
Total equity
184,935
156,372
Selected income statement information of BoCom
For the 12 months ended 30 Sep
2025
2024
$m
$m
Net interest income
23,886
23,180
Net fee and commission income
5,142
5,315
Credit and impairment losses
(7,056)
(7,410)
Depreciation and amortisation
(2,772)
(2,589)
Tax expense
(1,402)
(835)
Profit for the year
13,319
12,922
Other comprehensive income
292
1,361
Total comprehensive income
13,611
14,283
Dividends received from BoCom
744
745
Associates
The undertakings below are associates and equity accounted.
Associates
% of share class
held by immediate
parent company
(or by the Group
where this varies)
Footnotes
Aiera, Inc.
2.90
4, 173
Bank of Communications Co., Ltd.
16.00
2, 141
Barrowgate Limited
24.64
(15.63)
142
BGF Group plc
24.62
143
Bud Financial Limited
6.20
4, 144
CANARA HSBC LIFE INSURANCE
COMPANY LIMITED
25.50
145
Dowsure Inc.
10.12
2, 4, 147
Episode Six Inc.
5.68
4, 148
EPS Company (Hong Kong) Limited
42.03
(38.65)
19
Future Forward Holdings LLC
N/A
1, 24
HQLAX S.à r.l.
6.09
4, 149
HSBC Jintrust Fund Management Company
Limited
N/A
1, 2, 10,
150
HSBC UK Covered Bonds (LM) Limited
20.00
2, 151
Intelligent Processing Solution Limited
10.00
2, 174
Lightico Ltd
3.19
4, 152
LiquidityMatch LLC
N/A
1, 153
London Precious Metals Clearing Limited
30.00
2, 154
Marketnode PTE. Ltd.
12.64
4, 155
MENA Infrastructure Fund (GP) Ltd
33.33
156
Quantexa Limited
8.92
4, 157
Radiant Global Investors LLC
N/A
1, 2, 158
Saudi Awwal Bank
31.00
159
The London Gold Market Fixing Limited
N/A
1, 139
Threadneedle Software Holdings Limited
7.80
4, 160
Topaz Consultation LLC
N/A
1, 24
Trade Information Network Limited (In
Liquidation)
12.76
161
Trinkaus Europa Immobilien-Fonds Nr. 7
Frankfurt Mertonviertel KG
N/A
1, 77
We Trade Innovation Designated Activity
Company (In Liquidation)
9.88
2, 162
Disclosure of description of shares from interests in subsidiaries, joint ventures, and associates
Footnotes for Note 38
Description of shares
1
Where an entity is governed by voting rights, HSBC consolidates
when it holds – directly or indirectly – the necessary voting rights to
pass resolutions by the governing body. In all other cases, the
assessment of control is more complex and requires judgement of
other factors, including having exposure to variability of returns, power
to direct relevant activities, and whether power is held as an agent or
principal. HSBC’s consolidation policy is described in Note 1.2(a).
2
Management has determined that these undertakings are excluded
from consolidation in the Group accounts as these entities do not
meet the definition of subsidiaries in accordance with IFRS. HSBC’s
consolidation policy is described in Note 1.2(a).
3
Directly held by HSBC Holdings plc
4
Preference Shares
5
Actions
6
Redeemable Preference Shares
7
GmbH Anteil
8
Parts
9
Non-Participating Voting
10
Registered Capital Shares
Disclosure of registered offices from interests in subsidiaries, joint ventures, and associates
Registered offices
11
8 Canada Square, London, United Kingdom, E14 5HQ
12
347 Paseo de la Reforma, Col. Cuauhtémoc, Mexico, 06500
13
1 Centenary Square, Birmingham, United Kingdom, B1 1HQ
14
c/o Teneo Financial Advisory Limited, The Colmore Building, 20
Colmore Circus, Queensway, Birmingham, United Kingdom, B4 6AT
15
5 Donegal Square South, Northern Ireland, Belfast, United Kingdom,
BT1 5JP
16
1909 Avenida Presidente Juscelino Kubitschek, 19° andar, Torre
Norte, São Paulo Corporate Towers, São Paulo, Brazil, 04551-903
17
Arnold House, St Julian's Avenue, St Peter Port, Guernsey, GY1 3NF
18
37 Front Street, Harbourview Centre, Ground Floor, Hamilton,
Pembroke, Bermuda, HM 11
19
1 Queen's Road Central, Hong Kong
20
Units 2401-55, Floor 24, Tower 2, 1 Jianguomenwai Avenue,
Chaoyang District, Beijing, China, 100020
21
First Floor, Xinhua Bookstore Xindong Road (SE of roundabout),
Miyun District, Beijing, China
22
Oak House Hirzel Street, St Peter Port, Guernsey, GY1 2NP
23
239 Van Rensselaer Street, Buffalo, New York, United States of
America, 14210
24
c/o The Corporation Trust Company 1209 Orange Street, Wilmington,
Delaware, United States of America, 19801
25
Solidere - Rue Saad Zaghloul Immeuble - 170 Marfaa, P.O. Box 17
5476 Mar Michael, Beyrouth, Lebanon, 11042040
26
No 1, Bei Huan East Road Dazu County, Chongqing, China
27
No 107 Ping Du Avenue (E), Sanhe Town, Fengdu County,
Chongqing, China
28
No. 3, 5, 7, Haitang Erzhi Road Changyuan, Rongchang, Chongqing,
China, 402460
29
c/o Walkers Corporate Services Limited, Walker House, 87 Mary
Street, George Town, Grand Cayman, Cayman Islands, KY1-9005
30
First & Second Floor No.3 Nanshan Road, Pulandian, Dalian, Liaoning,
China
31
160 Mine Lake CT, Ste 200, Raleigh, North Carolina, United States of
America, 27615-6417
32
Avenida de las Granjas 972, Building A, Floor 2, Colonia Santa
Bárbara, Alcaldía Azcapotzalco, Mexico City, Mexico, 02230
33
38 avenue Kléber, Paris, France, 75116
Registered offices
34
No. 1 1211 Yanjiang Zhong Road, Yongan, Fujian, China
35
8/F, Prince's Building, 10 Chater Road, Central, Hong Kong
36
No. 44 Xin Ping Road Central, Encheng, Enping, Guangdong, China,
529400
37
Rooms 101, 201-205, 301-305, No. 2 Yong Jin Yi Street, Huangge
Town, Nansha District, Guangzhou, China
38
83 Des Voeux Road Central, Hong Kong
39
34/F, 36/F and 46/F, Hang Seng Bank Tower 1000 Lujiazui Ring Road,
Pilot Free Trade Zone, Shanghai, China, 200120
40
Gustav Mahlerplein 2 1082 MA, Amsterdam, Netherlands
41
1001, T2 Office Building, Qianhai Kerry Business Center, Qianhai
Avenue, Nanshan Street, Qianhai Shenzhen-Hong Kong Cooperation
Zone, Shenzhen, Guangdong, China
42
Unit 1 GF The Commerical Complex Madrigal Avenue, Ayala Alabang
Village, Muntinlupa City, Philippines, 1780
43
C/O Teneo Financial Advisory Limited The Colmore Building, 20
Colmore Circus, Queensway, Birmingham, United Kingdom, B4 6AT
44
Commerce House, Wickhams Cay 1, P.O. Box 3140, Road Town,
Tortola, British Virgin Islands, VG1110
45
The Corporation Trust Company of Nevada 311 S. Division Street,
Carson City, Nevada, United States of America, 89703
46
Level 21 Menara IQ, Lingkaran TRX, Tun Razak Exchange, Kuala
Lumpur, Malaysia, 55188
47
Level 19 Menara IQ, Lingkaran TRX, Tun Razak Exchange, Kuala
Lumpur, Malaysia, 55188
48
10 Marina Boulevard #48-01 Marina Bay Financial Centre, Singapore,
018983
49
52/60 M G Road Fort, Mumbai, India, 400 001
50
9-11 Floors, NESCO IT Park Building No. 3 Western Express
Highway, Goregaon (East), Mumbai, India, 400063
51
HSBC Building 11-1, Nihonbashi 3-chome, Chuo-ku, Tokyo, Japan,
103-0027
52
Level 36, Tower 1, International Towers Sydney, 100 Barangaroo
Avenue, Sydney, New South Wales, Australia, 2000
53
Isidora Goyenechea 2800 23rd floor, Las Condes, Santiago, Chile,
7550647
54
HSBC Building Shanghai ifc, 8 Century Avenue, Pudong, Shanghai,
China, 200120
55
HSBC House, Esplanade, St. Helier, Jersey, JE4 8UB
56
IconEbene, Level 5 Office 1 (West Wing), Rue de L’institut, Ebene,
Mauritius
57
54F, 7 Xinyi Road Sec. 5 Xinyi district, Taipei, Taiwan
58
1266 Dr Luis Bonativa 1266 Piso 30 (Torre IV WTC), Montevideo,
Uruguay, CP 11.000
59
Metropolitan Building, 235 Dong Khoi, Sai Gon Ward, Ho Chi Minh
City, Viet Nam
60
Esentepe Mah. Büyükdere Caddesi No.128 Şişli, Istanbul, Turkiye,
34394
61
306 Corniche El Nil Street, Maadi, Cairo, Egypt
62
116 Archbishop Street, Valletta, Malta, VLT1444
63
Unit 401, Level 4 Gate Precinct Building 2, Dubai International
Financial Centre, P. O. Box 30444, Dubai, United Arab Emirates
64
1800 Tysons Boulevard Suite 50, Tysons, Virginia, United States of
America, 22102
65
P.O. Box 309 Ugland House, Grand Cayman, Cayman Islands,
KY1-1104
66
HSBC House, Esplanade, St. Helier, Jersey, JE1 1HS
67
Room 2703, 27F, Tower A, No.8 Century Avenue, China (Shanghai)
Pilot Free Trade Zone, Shanghai, China, 200120
68
49 avenue J.F. Kennedy, Luxembourg, Luxembourg, 1855
69
4-17/F, Office Tower 2 TaiKoo Hui Development, No. 381 Tian He
Road, Guangzhou, Guangdong, China
70
Suite 1005, 10th Floor, Wisma Hamzah Kwong, Hing No. 1, Leboh
Ampang, Kuala Lumpur, Malaysia, 50100
71
Building C-1 UP Ayala Technohub, Commonwealth Avenue, Diliman,
Quezon City, Metro Manila, Philippines
72
HSBC House Plot No.8 Survey No.64 (Part), Hitec City Layout
Madhapur, Hyderabad, India, 500081
73
Mireka City 324/9 Havelock Road, Colombo 05, Sri Lanka, 00500
74
Smart Village 28th Km Cairo- Alexandria Desert Road Building, Cairo,
Egypt
75
Centre Ville 1341 Building - 4th Floor Patriarche Howayek Street, PO
Box Riad El Solh, Lebanon, 9597
Registered offices
76
Room 405 Odd House Number of 859-863, Huanhu West 1st Road,
Lingang New Area, China (Shanghai) Pilot Free Trade Zone, Shanghai,
China, 201306
77
Hansaallee 3, Düsseldorf, Germany, 40549
78
Immeuble Cœur Défense 110 esplanade du Général de Gaulle,
Courbevoie, France, 92400
79
HSBC Main Building 1 Queen's Road Central, Hong Kong
80
80 Mill Street, Qormi, Malta, QRM 3101
81
26 Gartenstrasse, Zurich, Switzerland, 8002
82
36F., No. 68 Sec. 5, Zhongxiao E. Rd., Xinyi Dist., Taipei City, Taiwan,
110419
83
66 Hudson Boulevard E, New York, New York, United States of
America, 10001
84
Mareva House 4 George Street, Nassau, Bahamas
85
150 King Street West, Suite 200, Toronto, Ontario, Canada, M5H 1J9
86
4, rue Peternelchen, Howald, Grand Duchy of Luxembourg,
Luxembourg, L-2370
87
Alphabeta 14-18 Finsbury Square, London, United Kingdom, EC2A
1BR
88
5th Floor, IconEbene 1 Building, Lot 441, Rue de L’Institut, Ebene,
Mauritius, 1704-01
89
18th Floor Tower 1, HSBC Centre 1 Sham Mong Road, Kowloon,
Hong Kong
90
CT Corporation System 28 Liberty Street, New York, New York,
United States of America, 10005
91
Unit 201, Floor 2, Building 3 No. 12, Anxiang Street, Shunyi District,
Beijing, Beijing, China
92
300 Delaware Avenue Suite 1401, Wilmington, Delaware, United
States of America, 19801
93
Woodbourne Hall, Road Town, Tortola, British Virgin Islands, P.O. Box
916
94
Craigmuir Chambers, Road Town, Tortola, British Virgin Islands,
VG1110
95
5/F HSBC Centre 3058 Fifth Ave West, Bonifacio Global City, Taguig
City, Philippines
96
18 Boulevard de Kockelscheuer, Luxembourg, Luxembourg, 1821
97
29/F HSBC Building 8 Century Avenue, China (Shanghai) Pilot Free
Trade Zone, Shanghai, China, 200120
98
Arnold House St Julians Avenue, St Peter Port, Guernsey, GY1 1WA
99
Unit 2017, Floor 20, Tower 1 No.288, Shimen 1st Road, Jing An
District, Shanghai, China, 200041
100
HSBC Tower, Downtown Dubai, P O Box 66, Dubai, United Arab
Emirates
101
Unit 401, Level 4, Gate Precinct Building 2, Dubai International
Financial Centre, P. O. Box 506553, Dubai, United Arab Emirates
102
Level 16, HSBC Tower, Downtown Dubai, P.O. Box 66, Dubai, United
Arab Emirates
103
HSBC Tower, Level 21, 188 Quay Street, Auckland, New Zealand,
1010
104
The Corporation Trust Incorporated, 2405 York Road, Suite 201,
Lutherville Timonium, Maryland, United States of America, 21093
105
HSBC House, Esplanade, St. Helier, Jersey, JE1 1GT
106
9-17 Quai des Bergues, Geneva, Switzerland, 1201
107
1 Grand Canal Square Grand Canal Harbour, Dublin 2, Ireland, D02
P820
108
5 rue Heienhaff, Senningerberg, Luxembourg, L-1736
109
52/60 M G Road, Fort, Mumbai, India, 400 001
110
Unit 2201, 22/F, Qianhai Chow Tai Fook Finance Tower (Phase I) No.
66 Shu Niu Avenue, Nanshan Subdistrict, the Shenzhen Qianhai
Shenzhen-Hong Kong Cooperation Zone, the PRC, Shenzhen, China,
518054
111
HSBC Building 7267 Olaya - Al Murrooj, Riyadh, Saudi Arabia, 12283 -
2255
112
306 Corniche El Nil, HSBC Building, Maadi, Cairo, Egypt
113
1 Mutual Place, 107 Rivonia Road, Sandton, Gauteng, South Africa,
2196
114
Kapelanka 42A, Krakow, Poland, 30-347
115
C T Corporation System 820 Bear Tavern Road, West Trenton, New
Jersey, United States of America, 08628
116
22/F, Tower 2, Taikoo Hui Building, No. 381 Tianhe Road, Tianhe
District, Guangzhou, China
117
Business Bay, Wing 2 Tower B, Survey no 103, Hissa no. 2, Airport
road, Yerwada, Pune, India, 411006
118
c/o Rogers Capital St. Louis Business Centre, Cnr Desroches & St
Louis Streets, Port Louis, Mauritius
Registered offices
119
No. 56 Yu Rong Street, Macheng, China, 438300
120
No. 205 Lie Shan Road Suizhou, Hubei, China
121
Building 3, Yin Zuo Di Jing Wan Tianmen New City, Tianmen, Hubei
Province, China
122
RM101, 102 & 106 Sunshine Fairview, Sunshine Garden, Pedestrian
Walkway, Pingjiang, China
123
Kings Meadow Chester Business Park, Chester, United Kingdom,
CH99 9FB
124
Level 15 HSBC Tower, Downtown Dubai, Dubai, United Arab
Emirates, PO Box 66
125
World Trade Center 3, 9th Floor, Jalan Jendral Sudirman Kaveling
29-31, Karet, Setiabudi, South Jakarta, DKI Jakarta, Indonesia, 12920
126
5th Floor, World Trade Center 1, Jl. Jend. Sudirman Kav. 29-31,
Jakarta, Indonesia, 12920
127
No.198-2 Chengshan Avenue (E), Rongcheng, China, 264300
128
Room 601, 6/F Phase 1 Qianhai Chow Tai Fook Finance Tower, 66
Shuniu Avenue, Nanshan Community, Qianhai Shenzhen-Hong Kong
Corporation Zone, Shenzhen, Guangdong, China
129
Woodbourne Hall, Road Town, Tortola, British Virgin Islands, P.O. Box
3162
130
1A Heienhaff, Senningerberg, Luxembourg, 1736
131
P.O. Box 3119 Grand Pavilion, Hibiscus Way, 802 West Bay Road,
Grand Cayman, Cayman Islands, KY1 – 1205
132
17 Boulevard F.W Raiffeisen, Luxembourg, 2411
133
10 Collyer Quay, #10-01 Ocean Financial Centre, Singapore,
Singapore, 049315
134
RM 2112, HSBC Building, Shanghai ifc No. 8 Century Road, Pudong,
Shanghai, China, 200120
135
43 Whitfield Street, London, United Kingdom, W1T 4HD
136
35 Ballards Lane, London, United Kingdom, N3 1XW
137
38 Beach Road #19-11 South Beach Tower, Singapore, Singapore,
189767
138
c/o Mayfair Corporate Services Ltd., 26 Burnaby Street, Hamilton,
Bermuda, HM11
139
27 Old Gloucester Street, London, United Kingdom, WC1N 3AX
140
All Saints Triangle Caledonian Road, London, United Kingdom, N19UT
141
188 Yin Cheng Zhong Lu (Shanghai) Pilot Free Trade Zone, China
142
50/F Lee Garden One, 33 Hysan Avenue, Hong Kong
143
13-15 York Buildings, London, United Kingdom, WC2N 6JU
144
167-169 Great Portland Street, 5th Floor, London, United Kingdom,
W1W 5PF
145
8th Floor Unit No. 808-814, Ambadeep Building, Plot No. 14, Kasturba
Gandhi Marg, New Delhi, India, 110001
146
c/o Interpath Ltd, 10 Fleet Place, London, United Kingdom, EC4M
7RB
147
ICS Corporate Services (Cayman) Limited, 3-212 Governors Square 23
Lime Tree Bay Avenue, P.O. Box 30746, Seven Mile Beach, Grand
Cayman, Cayman Islands, KY1-1203
148
251 Little Falls Drive, New Castle, Wilmington, United States of
America, 19808
149
9 rue du Laboratoire, Grand Duchy of Luxembourg, Luxembourg,
L-1911
150
17F, HSBC Building, Shanghai ifc 8 Century Avenue, Pudong,
Shanghai, China
151
10th Floor 5 Churchill Place, London, United Kingdom, E14 5HU
152
121 HaHashmonaim St., Tel Aviv, Israel, 6713328
153
111 Town Square Place, Suite 840, Jersey City, New Jersey, United
States of America, 07310
154
7th Floor, 62 Threadneedle Street, London, United Kingdom, EC2R
8HP
155
1 Harbourfront Avenue, #14-07 Keppel Bay Tower, Singapore, 098632
156
Unit 306,307, 308, Gate Village Building 05, Dubai International
Financial Centre, Dubai, United Arab Emirates
157
c/o Company Secretarial Department, 280 Bishopsgate, London,
United Kingdom, EC2M 4AG
158
4482 Deer Ridge Road, Danville, CA, Delaware, United States of
America, 94506
159
7383 King Fahad Branch Rd, 2338 - Al Yasmeen Dist., Riyadh, Saudi
Arabia, 13325
160
2nd Floor, Regis House, 45 King William Street, London, United
Kingdom, EC4R 9AN
161
45 Gresham Street, C/O Restructuring & Recovery Services (RRS)
S&W Partners LLP, London, United Kingdom, EC2V 7BG
162
10 Earlsfort Terrace, Dublin, Ireland, D02 T380
Registered offices
163
Meeting Room 18.R005, 18/F Fortune Financial Center No. 5
Dongsanhuan Zhong Road, Chaoyang District, Beijing, China, 100020
164
20, rue de la Poste, L-2346, Luxembourg, Grand Duchy of
Luxembourg
165
3, rue Jean Piret, L-2350 Luxembourg Grand Duchy of Luxembourg
R.C.S. Luxembourg: B253299
166
9F, Unit B, Seowang Building, 14-8 Teheran-ro 70-gil, Gangnam-gu,
Seoul, South Korea (Walk Forest LS8)
167
6190-2 Fukushima, Kisomachi, Kiso-gun, Nagano 397-0001 Japan
168
2-1-4, Tsukiji, Chuo-ku, Tokyo 104-0045 JAPAN
169
89 Nexus Way, Camana Bay, George Town, Grand Cayman,
KY1-1205, Cayman Islands
170
11F, No. 122, Songjiang Rd, Zhongshan Dist., Taipei City
171
10F., No. 156, Sec. 3, Minsheng E. Rd., Songshan Dist., Taipei City
172
3F and 8F, 136, Sejong-daero, Jung-gu, Seoul
173
800 North State Street, Suite 304, Dover, Delaware, United States of
America, DE 19901
Registered offices
174
Enigma, Wavendon Business Park, England, United Kingdom, MK17
8LX
175
11-13, Boulevard de la Foire, L-1528 Luxembourg
176
2nd Floor, Sir Walter Raleigh House, 48-50 Esplanade, St. Helier,
Jersey JE2 3QB
177
375 Park Avenue New York, NY 10152
178
4th Floor, Ensign House, 29 Seaton Place, St Helier, Jersey JE2 3QL
179
3rd Floor, 37 Esplanade, St. Helier JE1 1AD, Jersey
180
15, Boulevard F.W Raiffeisen, L-2411 Luxembourg, Grand Duchy of
Luxembourg
181
60, Avenue J.F. Kennedy, L-1855 Luxembourg
182
5, Allée Scheffer, L 2520 Luxembourg, Grand Duchy of Luxembourg
183
2, rue Edward Steichen, Luxembourg, L-2540, Luxembourg
184
450, Lexington Avenue, 31st Floor, New York 10017
185
26A, Boulevard Royal L-2449 Luxembourg
186
Maples Corporate Services Limited, PO Box 309, Ugland House,
Grand Cayman, KY1-1104, Cayman Islands
187
405 Lexington Avenue, 53rd Floor, New York, New York 10174, USA