Hong Kong Closing Stock Prices

Chinese funds' record-high tech allocations in 3Q are a risk to be watched, HSBC analysts say in a note. Both domestic and northbound funds--investing in mainland China via Hong Kong--added AI-related holdings while reducing exposure to banks, food & beverage, and home appliances sectors, reflecting a cautious view on a domestic consumption recovery. Although China has introduced guidelines on funds drifting from their stated investment style, HSBC expects limited impact from these rules. Instead, since most active stock-focused mutual funds are benchmarked to broad indexes, a significant deviation from the benchmarks may suggest a reversion back in the future. (jason.chau@wsj.com)

HSBC HOLDINGS PLC

12 November 2025

Notification of Transaction by a Person Discharging Managerial Responsibilities

On 11 November 2025, Barry O'Byrne sold 92,389 ordinary shares of US$0.50 each (the "Shares") in HSBC Holdings plc (the "Company"). The Shares were sold in London at £11.010132 per Share.

The following disclosures are made in accordance with the UK version of the EU Market Abuse Regulation 596/2014.

For any queries related to this notification, please contact:

Lee Davis

Corporate Governance & Secretariat

shareholderquestions@hsbc.com

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China's government is likely to continue offering policy support for consumption next year, HSBC economists write in a research note.The Ministry of Finance recently outlined the fiscal policy outlook for the coming year, and says it will continue with special initiatives aimed at boosting consumption, they note. Given the robust outcomes of current consumer goods trade-in programs, similar or even larger scale consumption trade-in programs are likely to be introduced in 2026, potentially extending to the service consumption sector as well, HSBC says. (tracy.qu@wsj.com)

12th November 2025

Tesco Corporate Treasury Services PLC

HSBC (contact: syndexecution@noexternalmail.hsbc.com) hereby gives notice that no stabilisation was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction

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12th November 2025

Vakif Katilim Sukuk Ltd

HSBC (contact: syndexecution@noexternalmail.hsbc.com) hereby gives notice that no stabilisation was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.  END  STAGPGAUGUPAGCG

                                Close      Prior     Change   % Change 
                                -----      -----     ------   -------- 
 Air China A                     8.74       8.74      +0.01      +0.11 
 Anhui Conch Cement A           23.50      23.50      -0.21      -0.89 
 Bank of China                   5.76       5.76      +0.08      +1.41 
 Baoshan Iron & Steel A          7.73       7.73      +0.09      +1.18 
 Bright Dairy & Food A           8.71       8.71      -0.01      -0.11 
 China Eastern Airlines A        5.26       5.26      -0.03      -0.57 
 China Merchants Bank           42.93      42.93      -0.03      -0.07 
 China Minsheng Banking A        4.05       4.05      +0.01      +0.25 
 Chn Petro & Chem Sinopec        5.71       5.71      +0.04      +0.71 
 China Southern Airlines         7.24       7.24      -0.05      -0.69 
 China United Ntwk Comms         5.48       5.48      -0.02      -0.36 
 China Yangtze Power A          28.61      28.61      -0.01      -0.03 
 Chongqing Brewery A            54.37      54.37      +0.02      +0.04 
 CITIC Securities A             28.90      28.90      -0.16      -0.55 
 COSCO SHIPPING Engy A          12.38      12.38      -0.03      -0.24 
 COSCO SHIPPING Special A        7.34       7.34      -0.15      -2.00 
 Daqin Railway                   5.72       5.72      -0.01      -0.17 
 Dongfeng Automobile A           7.74       7.74      -0.11      -1.40 
 Fujian Yanjing Huiquan         12.14      12.14      +0.08      +0.66 
 Haier Smart Home A             27.20      27.20      +0.32      +1.19 
 Hainan Airlines Hldg A          1.85       1.85      +0.02      +1.09 
 Hisense Visual Tech A          26.46      26.46      +0.96      +3.76 
 Hua Xia Bank A                  7.01       7.01      +0.02      +0.29 
 Huadian Power Intl              5.39       5.39      +0.01      +0.19 
 Huaneng Pwr Intl                8.15       8.15      -0.04      -0.49 
 INESA Intelligent Tech A       18.92      18.92      -0.27      -1.41 
 Jiangsu Expressway A           13.81      13.81       unch       unch 
 Jiangxi Copper A               39.02      39.02      -0.25      -0.64 
 Lucky Film A                    7.75       7.75      -0.03      -0.39 
 Maanshan Iron & Steel A         4.24       4.24      -0.13      -2.97 
 Nanjing Iron & Steel A          5.56       5.56      +0.07      +1.28 
 SAIC Motor A                   15.66      15.66      -0.24      -1.51 
 Shandong Gold-Mining A         35.56      35.56      -0.54      -1.50 
 Shanghai Bailian Group A        9.17       9.17      -0.09      -0.97 
 Shanghai Pudong Dev Bank       11.68      11.68      +0.01      +0.09 
 Shanghai Xinhua Media A         6.86       6.86      -0.03      -0.44 
 Shenyang Jinbei Auto A          4.97       4.97      -0.03      -0.60 
 Sichuan Changhong Elec A        9.96       9.96      -0.08      -0.80 
 SINOPEC Oilfield Svc A          2.59       2.59      +0.24     +10.21 
 SINOPEC Shanghai PetroChm       2.84       2.84      +0.01      +0.35 
 Tsingtao Brewery A             66.48      66.48      +0.32      +0.48 
 Yankuang Energy Group A        14.95      14.95      -0.21      -1.39 
 Zhongjin Gold A                21.27      21.27      -0.14      -0.65 
 
Source: FactSet