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10	10	* Headquartered in London, HSBC is listed on the London, Hong Kong, New York and Bermuda stock exchanges.
11	11	* HSBC announces net zero to achieving net zero by 2050
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17	17	= Company Overview =
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19	19	HSBC (NYSE:HSBA, LSE:HSBA) is one of the largest banking and financial services organisations in the world HSBC has assets of $3.0tn and operations in 64 countries and territories. Approximately 40 million customers bank with it and the company employ around 220,000 full-time equivalent staff. HSBC has around 187,000 shareholders in 128 countries and territories.
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37	37	The company provide a comprehensive range of financial services and products to corporates, governments and institutions.
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72	72	* Common equity tier 1 (‘CET1’) capital ratio of 14.1%, down 1.7 percentage points from 4Q21
73	73	* The share buy-back of up to $2bn announced at its third quarter 2021 results concluded on 20 April 2022,
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76	76	**Noel Quinn, Group Chief Executive, said:**
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78	78	“I’m encouraged by its start to the year. The company's strategy is on track, with organic growth and good momentum across most parts of the Group. While profits were down on last year’s first quarter due to market impacts on Wealth revenue and a more normalised level of ECL, higher lending across all businesses and regions, and good business growth in personal banking, insurance and trade finance bode well for future quarters. HSBC has further reduced costs while maintaining high levels of technology investment, and remain on track to achieve its cost and RWA reduction targets for 2022. Although the economic outlook remains uncertain, the continued upward path of interest rates since its full year results has further strengthened its confidence in delivering a double-digit return on average tangible equity in 2023.