Summary by Moomoo AI
HSBC Holdings Limited held its Annual General Meeting on 3 May 2024 at The InterContinental London O2 in London, United Kingdom. A statement was made by Group Chairman Du Kai and Group Chief Executive Officer Kai Yao Yin. Du Jia-qi reviewed the shareholders' support for the Group's strategy last year and highlighted the positive effects of the strategy, including improved financial performance and increased shareholder returns. HSBC recorded a pre-tax profit of more than $300 billion in 2023, hitting an all-time high with an average return on tangible equity of 14.6%. In addition, HSBC announced that it will return approximately $190 billion to shareholders through dividends and share repurchases, including an annual dividend of 61 cents per share and a new round of up...Show More