HSBC Holdings plc (HSBC) CEO Noel Quinn on Q2 2022 Results - Earnings Call Transcript

HSBC Holdings plc (NYSE:HSBC) Q2 2022 Earnings Conference Call August 1, 2022 2:30 AM ET

Company Participants

Mark Tucker - Group Chairman

Noel Quinn - Group Chief Executive

Ewen Stevenson - Chief Financial Officer

Richard O'Connor - Global Head of Investor Relations

Conference Call Participants

Raul Sinha - JPMorgan

Manus Costello - Autonomous Research

Omar Keenan - Credit Suisse

Aman Rakkar - Barclays

Gurpreet Singh Sahi - Goldman Sachs

Andrew Coombs - Citigroup

Martin Leitgeb - Goldman Sachs

Guy Stebbings - BNP Paribas Exane

Thomas Rayner - Numis Securities

Mark Tucker

Good morning or good afternoon, wherever you are in the world.

Noel Quinn

Good morning.

Mark Tucker

I'm really delighted that we're in Hong Kong today for our interim results announcement for the first time since the COVID-19 virus struck the world. I'm here today with Noel and Ewen. They will take you through the presentation shortly, and Noel will then lead the Q&A.

As well as today's results, we're also giving plenty of time to meeting with our customers and investors face to face. And I'm very much looking forward to meeting with our Hong Kong shareholders tomorrow. We have always greatly valued their feedback and engagement, and we look forward to seeing them in person.

There have been reports in recent months about ideas for alternative structures for HSBC. The Board has been fully engaged in examining these ideas in depth, and we will continue that thorough examination. Noel will discuss this in more detail during the presentation.

The Board firmly believes that as these results clearly demonstrate, HSBC's strategy is working and expect that it will deliver very good returns over the coming years. For 157 years, we have followed trade and investment flows to support our customers as they fulfill their financial ambitions. We have used our deep experience and strong global relationships to help our customers to navigate the world. Today, we remain steadfastly focused on our core purpose of opening up a world of opportunity.

Our model is increasingly relevant to individuals and to companies of all sizes and whose financial ambition span multiple countries and regions. Our transformation has enabled us to emerge from the pandemic a stronger bank and well positioned to capitalize on the current interest rate cycle. And very few banks can rival our ability to connect capital, ideas and people through a global network that facilitates the international collaboration required to succeed in today's world.