David Liao’s Post

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Co-Chief Executive, Asia Pacific at HSBC

Once again, our financial results reaffirm our strategy. In the first half of 2024, clients took advantage of our global connectivity to do more business across the world’s most economically dynamic regions and invest their wealth with us. By focusing on Asia’s innovative businesses and rising spending power, HSBC delivered consensus-beating earnings performance, with group profit before tax at $21.6 billion - roughly half of that from Asia. Having paid our highest dividend since the global financial crisis in 2023, we will continue to share the fruits of success with shareholders. We have announced a second interim dividend of $0.10; given the strength of our balance sheet, we continue to buy back more stock and give our shareholders a correspondingly larger stake in the bank. Over the last 18 months we distributed over $30 billion through dividends and buybacks. We thank our loyal investors, and we are honoured to count so many Hong Kong families among them. Our international strategy and our strong execution is delivering improved returns for all of us. #HSBC #HSBCAsia #International #Dividend Surendra Rosha

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After delivering record profits in 2023, we had another strong performance in the first half of 2024 – further evidence that our strategy is working. Discover more about our half-year results: https://lnkd.in/e9Mdt6pH #HSBC

  • HSBC Interim Results 2024

Profit before tax: $21.6bn
(1H23: $21.7bn)

Revenue: $37.3bn
(1H23: $36.9bn)

Return on average tangible equity: 21.4% 
(17.0% excl. notable items)

Dividend per share for 2Q24: $0.10 

Further share buyback up to $3bn announced
De Bruno Miguel Ramos (Eíra) Monteiro (De Sabraér)

CO03CADM In Creditor's Board Committee 010 Incorporated Renaissance Accountants Ltd

3mo

Dividend Recognition 0.8 is an HSBC Success. Congratulation to Venture Debt in Securing 010.

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Well done! Keep the course David! Hang tough.

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