HSBC Holdings PLC released its mid-year performance for 2024 on July 31st, showing a strong profit performance in the first half of the year. Group CEO Noel Quinn said that after last year's record profits, strong profits were recorded again in the first half of 2024, and investment was made in wealth management business, bringing higher and diversified income. Financial performance in the first half of the year showed that pre-tax profit was USD 21.6 billion, similar to the same period last year. After-tax profit was USD 17.7 billion, a decrease of 2% compared to last year. In addition, the group completed the sale of its Canadian banking business, confirming a gain of USD 4.8 billion. The board of directors has approved a second dividend payment of USD 0.1 per share, and plans to initiate a share buyback of up to USD 3 billion. Group CEO Noel Quinn will hand over to Enoch Yiu in September and express his thanks to his team.

HSBC Holdings PLC released its mid-year performance for 2024 on July 31st, showing a strong profit performance in the first half of the year. Group CEO Noel Quinn said that after last year's record profits, strong profits were recorded again in the first half of 2024, and investment was made in wealth management business, bringing higher and diversified income. Financial performance in the first half of the year showed that pre-tax profit was USD 21.6 billion, similar to the same period last year. After-tax profit was USD 17.7 billion, a decrease of 2% compared to last year. In addition, the group completed the sale of its Canadian banking business, confirming a gain of USD 4.8 billion. The board of directors has approved a second dividend payment of USD 0.1 per share, and plans to initiate a share buyback of up to USD 3 billion. Group CEO Noel Quinn will hand over to Enoch Yiu in September and express his thanks to his team.