HSBC (LSE:HSBA) is deepening its role in global finance — joining SWIFT’s blockchain pilot for 24/7 tokenised cross‑border payments, expanding Hong Kong gold clearing to 200 tonnes, while prudently pausing riskier private‑credit lending and issuing employee shares amid the shift.
Previous Week Recap
- HSBC Joins SWIFT Blockchain rollout: HSBC (HSBA) is among 16–17 founding banks in SWIFT’s blockchain rollout enabling 24/7 tokenised payments and cross-border interoperability between banks’ payment systems.
- HSBC Pauses Risky Private Credit: HSBC Holdings (HSBA) has paused lending to higher‑risk private credit clients and is reducing exposure to riskier private credit deals, per reports citing unnamed sources.
- HSBC Expands Hong Kong Gold Storage: HSBC (HSBA) expanded Hong Kong gold storage to 200 tonnes via Hong Kong Precious Metals Central Clearing Ltd.; it sits on the clearing board that handles gold deposits, withdrawals and settlements.
- HSBC Grants Employee Shares: HSBC Holdings PLC (HSBA) granted 273,474.84948 ordinary shares under its International Employee Share Purchase Plan on July 9, 2026; disclosure filed July 10, 2026.
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