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汇丰控股分业务板块ROTE:中国香港地区明显更高
汇丰控股分业务板块ROTE:中国香港地区明显更高
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所属报告:
汇丰控股(0005.HK)-港股公司研究报告:锚定亚洲变中求进-250928(34页).pdf
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重点发力中国香港及英国地区,中国香港地区盈利能力突出。汇丰集团的国际网络横跨欧洲、亚洲、中东及北非、北美洲及拉丁美洲,欧洲和亚洲是战略重心。汇丰 区域分行业务侧重有所区别,中国香港及亚 地区包含全部业务, 25H1 末汇丰信贷投放中占比 36%集中在中国香港,6%贷款投向中国内地。英国地区以传统商业银行业务为主,提升按揭市场份额(占据英国 8%的按揭市场份额),同时扩大工商客户基础(在英国企业银行市场的渗透率超过 70%)。利润端,香港及英国为主要利润贡献地区,25H1 利润占比 59%、38%。25H1 汇丰香港地区 ROTE 高达 34.9%,远超其余地区,盈利能力尤为突出。
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汇丰控股(0005.HK)-港股公司研究报告:锚定亚洲变中求进-250928(34页).pdf
表业绩指标
2015年以来香港地区及全球主要银行指数PB对比(截至25/09/24)
中信分类港股30个行业股息率TTM(2025/09/24)
港交所分类港股32个行业PB(2025/09/24)
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