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Market Cap
£152.81bn
Enterprise Value
£115.75bn
Revenue
$75.93bn

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REG - HSBC Holdings PLC - Annual Financial Report - 54 of 56 <Origin Href="QuoteRef">HSBA.L</Origin> - Part 1

HSBC HoldingsAnnouncement

19/03/2016 16:20

RNS Number : 6417S
HSBC Holdings PLC
18 March 2016
Subsidiaries (continued) Country Security Direct (%) Total (%)





Banco Losango S.A Banco Multiplo Brazil BRL Ordinary shares 
100
Banco Nominees (Guernsey) Limited Guernsey 1.00 Ordinary shares 
100
Banco Nominees 2 (Guernsey) Limited Guernsey 1.00 Ordinary shares 
100
Banco Nominees Limited Bermuda BMD2.40 Ordinary shares 
100
Bank of Bermuda (Cayman) Limited Cayman Islands $1.00 Ordinary shares 
100
Bank of Bermuda (Insurance Brokers) Limited Bermuda BMD1.00 Common shares 
100
Beijing Miyun HSBC Rural Bank Company Limited China CNY1.00 Registered Capital shares 
100
Beneficial Commercial Holding Corporation United States $100.00 Common shares 
100
Beneficial Company LLC United States Limited liability company
- no shares 
100
Beneficial Consumer Discount Company United States $100.00 Common shares 
100
Beneficial Direct, Inc. United States $100.00 Ordinary shares 
100
Beneficial Financial I Inc. United States $1.00 Common shares 
100
Beneficial Florida Inc. United States $100.00 Common shares 
100
Beneficial Kentucky Inc. United States $100.00 Common shares 
100
Beneficial Loan & Thrift Co. United States $25.00 Common shares 
100
Beneficial Louisiana Inc. United States $100.00 Common shares 
100
Beneficial Maine Inc. United States $100.00 Common shares 
100
Beneficial Management Corporation of America United States $10.00 Common shares 
100
Beneficial Massachusetts Inc. United States $100.00 Common shares 
100
Beneficial Michigan Inc. United States $ Common shares 
100
Beneficial Mortgage Corporation United States $100.00 Common shares 
100
Beneficial New Hampshire Inc. United States $100.00 Common shares 
100
Beneficial New York Inc. United States $100.00 Common shares 
100
Beneficial Oregon Inc. United States $100.00 Common shares 
100
Beneficial Rhode Island Inc. United States $100.00 Common shares 
100
Beneficial South Dakota Inc. United States $ Common shares 
100
Beneficial Tennessee Inc. United States $100.00 Common shares 
100
Beneficial West Virginia, Inc. United States $1.00 Common shares 
100
Beneficial Wyoming Inc. United States $100.00 Common shares 
100
BerCay Holdings Limited Cayman Islands $20.00 Ordinary shares 
100
Bermuda Asia Pacific Holdings Limited Cook Islands $1.00 Ordinary shares 
100
Bermuda International Securities Limited Bermuda BMD1.00 Ordinary shares 
100
Bermuda Trust (St Helier) Limited Jersey $1.00 Ordinary shares 
100
Bermuda Trust Company Limited Bermuda BMD1.00 Common shares 
100
Bermuda Trust Executors (Jersey) Limited Jersey 1.00 Shares 
100
BFC Insurance Agency of Nevada United States $ Ordinary shares 
100
Billingsgate City Securities Public Limited Company England and Wales 0.01 Ordinary shares 
100
Billingsgate Nominees Limited England and Wales 1.00 Issued shares 
100
Cabot Park Holdings, Inc. United States $1.00 Common shares 
100
Cal-Pacific Services, Inc. United States $100.00 Ordinary shares 
100
Canada Crescent Nominees (UK) Limited England and Wales 1.00 Ordinary shares 
100
Canada Square Nominees (UK) Limited England and Wales 1.00 Ordinary shares 
100
Canada Square Property Participations Limited England and Wales 1.00 Ordinary shares 
100
Canada Water Nominees (UK) Limited England and Wales 1.00 Ordinary shares 
100
Capco/Cove, Inc. United States $1.00 Common shares 
100
Capital Financial Services Inc. United States $1.00 Common shares 
100
Card-Flo #1, Inc. United States $1.00 Common shares 
100
Card-Flo #3, Inc. United States $0.01 Common shares 
100
Castlewood Limited Cook Islands $ Ordinary shares 
100
Cayman International Finance Limited Cayman Islands $1.20 Ordinary shares 
100
Cayman Nominees Limited Cayman Islands KYD2.00 Ordinary shares 
100
CBS/Holdings, Inc. United States $1.00 Common shares 
100
CC&H Holdings LLC United States Limited liability company
- no shares 
100
CCF & Partners Asset Management Limited England and Wales 1.00 Ordinary shares 
100
CCF Charterhouse GmbH Germany 1.00 Actions shares 
100
CCF Charterhouse GmbH & Co Asset Leasing KG Germany Limited partnership
- no shares 
100
Charterhouse Administrators (D.T.) Limited England and Wales 1.00 Ordinary shares 
100
Charterhouse Development Limited England and Wales 1.00 Ordinary shares 
100
Charterhouse Finance Corporation Limited Scotland 1.00 Ordinary shares 
100
Charterhouse Management Services Limited England and Wales 1.00 Ordinary shares 
100
Charterhouse Pensions Limited England and Wales 1.00 Ordinary shares 
100
Chemi and Cotex Industries Limited Tanzania, United Rep. of TZS1.00 Ordinary shares 
100
Chongqing Dazu HSBC Rural Bank Company Limited China CNY1.00 Registered Capital shares 
100
Chongqing Fengdu HSBC Rural Bank Company Limited China CNY1.00 Registered Capital shares 
100
Chongqing Rongchang HSBC Rural Bank Company Limited China CNY1.00 Registered Capital shares 
100
CL Residential Limited England and Wales 1.00 Ordinary shares 
100
Compass Nominees Limited Bermuda BMD1.00 Common shares 
100
Compass Services Limited Bermuda $1.00 Ordinary shares 
100
Cordico Management AG Switzerland CHF1,000.00 Ordinary shares 
100
Corhold Limited Virgin Islands, British $1.00 Bearer shares 
100
Credival Participacoes Administracao e Assessoria Ltda Brazil BRL0.01 Quota shares 
100
Crewfleet Limited England and Wales 1.00 Ordinary shares 
100
Dalian Pulandian HSBC Rural Bank Company Limited China CNY1.00 Registered Capital shares 
100


Subsidiaries (continued) Country Security Direct (%) Total (%)





Decision One Mortgage Company, LLC United States Limited liability company
- no shares 
100
Dem 25 France 1.00 Actions shares 
100
Dem 5 France 16.00 Actions shares 
100
Dem 9 France 8.50 Actions shares 
100
Dempar 1 France Actions shares no par value 
100
Dempar 4 France Actions shares no par value 
100
Eagle Rock Holdings, Inc. United States $1.00 Common shares 
100
Ellenville Holdings, Inc. United States $1.00 Common shares 
100
Elysees GmbH Germany  Ordinary shares 
100
Elyses Immo Invest France 16.00 Actions shares 
100
Emerging Growth Real Estate II GP Limited Guernsey  Ordinary shares 
100
EMTT Limited England and Wales 1.00 Ordinary shares 
100
Endeavour Personal Finance Limited England and Wales 1.00 Ordinary shares 
100
Equator Holdings Limited England and Wales $1.00 Ordinary shares 
100
Eton Corporate Services Limited Guernsey $1.00 Ordinary shares 
100
Eton Management Ltd Virgin Islands, British $1.00 Ordinary shares 
100
Far East Leasing SA Panama $1,000.00 Ordinary shares 
100
Fdm 5 SAS France 10.00 Actions shares 
100
Fdm 6 SAS France 10.00 Actions shares 
100
FEPC Leasing Ltd. Cayman Islands $0.001 Ordinary and $0.001 Preference shares 
100
Finanpar 2 France Actions shares no par value 
100
Finanpar 7 France Actions shares no par value 
100
First Corporate Director Inc. Virgin Islands, British $1.00 Ordinary shares 
100
First Direct Investments (UK) Limited England and Wales 1.00 Ordinary shares 
100
Flandres Contentieux S.A. France 0.16 Actions shares 
100
Foncire Elyses France 77.00 Actions shares 
100
Forward Trust Rail Services Limited England and Wales 0.1 Ordinary shares 
100
F-Street Holdings, Inc. United States $1.00 Common shares 
100
Fujian Yongan HSBC Rural Bank Company Limited China CNY1.00 Registered Capital shares 
100
Fundo de Investimento Multimercado Credito Privado Investimento noExteriorOrion¹ Brazil BRL1.14267 Redeemable Preference shares 
100
Fundo de Investimento Multimercado Credito Privado Sirius¹ Brazil BRL Ordinary shares 
100
Fundo de Investimento Multimercado Investimento no Exterior Tellus¹ Brazil BRL1.07374 Redeemable Preference shares 
100
G.M. Gilt-Edged Nominees Limited England and Wales 1.00 Ordinary shares 
100
Gesellschaft fur Industrielle Beteiligungen und Finanzierung mbH Germany 1.00 Common shares 
100
Giller Ltd. United States $1.00 Common shares 
100
GPIF-I Equity Co., Ltd.¹ Cayman Islands KYD0.001 Liquidating Share Class shares 
100
GPIF-I Finance Co., Ltd.¹ Cayman Islands $0.001 Liquidating Share Class shares 
100
Griffin International Limited England and Wales 1.00 Ordinary shares 
100
Grundstuecksgesellschaft Trinkausstrasse Kommanditgesellschaft Germany DEM1.00 Common shares 
100
Grupo Financiero HSBC, S. A. de C. V. Mexico MXN2.00 Ordinary shares 
100
Guangdong Enping HSBC Rural Bank Company Limited China CNY1.00 Registered Capital shares 
100
GWML Holdings, Inc. United States $1.00 Common shares 
100
GZ Trust Corporation Virgin Islands, British $1.00 Ordinary shares 
100
HBL Nominees Limited England and Wales 1.00 Ordinary shares 
100
HDSAP GP Limited Guernsey  Ordinary shares 
100
Henderson Limited Cook Islands $1.00 Ordinary shares 
100
HFC Bank Limited England and Wales 1.00 Ordinary and 1.00 Ordinary-A shares 
100
HFC Commercial Realty, Inc. United States $100.00 Common shares 
100
HFC Company LLC United States Limited liability company
- no shares 
100
HFC Leasing Inc. United States $100.00 Ordinary shares 
100
High Meadow Management, Inc. United States $1.00 Common shares 
100
Hilaga Investments Limited England and Wales 1.00 Issued shares 
100
HITG Administration GmbH Germany 25,000.00 Ordinary shares 
100
HITG, Inc. United States $1.00 Common shares 
100
Honey Green Enterprises Ltd. Virgin Islands, British $1.00 Ordinary shares 
100
Hongkong International Trade Finance (Holdings) Limited England and Wales 1.00 Ordinary 'A' and 1.00 Ordinary 'B' shares 
100
Hongkong International Trade Finance (U.S.A.) Inc. United States $1.00 Common shares 
100
Household Capital Markets LLC United States Limited liability company
- no shares 
100
Household Commercial Financial Services, Inc. United States $100.00 Ordinary shares 
100
Household Finance Consumer Discount Company United States $100.00 Common shares 
100
Household Finance Corporation II United States $100.00 Common shares 
100
Household Finance Corporation III United States $100.00 Common shares 
100
Household Finance Corporation of Alabama United States $100.00 Common shares 
100
Household Finance Corporation of California United States $100.00 Common shares 
100
Household Finance Corporation of Nevada United States $100.00 Common shares 
100
Household Finance Corporation of West Virginia United States $100.00 Common shares 
100
Household Finance Industrial Loan Company of Iowa United States $100.00 Common shares 
100
Household Finance Realty Corporation of Nevada United States $100.00 Common shares 
100
Household Finance Realty Corporation of New York United States $100.00 Ordinary shares 
100


Subsidiaries (continued) Country Security Direct (%) Total (%)





Household Financial Center Inc. United States $100.00 Common shares 
100
Household Industrial Finance Company United States $25.00 Common shares 
100
Household Industrial Loan Company of Kentucky United States $100.00 Common shares 
100
Household Insurance Group Holding Company United States $1.00 Ordinary shares 
100
Household International Europe Limited England and Wales 1 Ordinary, 1 Red Vot Preference & 1 Red Vot shares 
100
Household Pooling Corporation United States $1.00 Common shares 
100
Household Realty Corporation United States $100.00 Common shares 
100
HPUT A Limited England and Wales 1.00 Ordinary shares 
100
HPUT B Limited England and Wales 1.00 Ordinary shares 
100
HRMG Nominees Limited Guernsey 1.00 Ordinary shares 
100
HSBC (BGF) Investments Limited England and Wales 1.00 Ordinary shares 
100
HSBC (Brasil) Administradora de Consorcio Ltda. Brazil BRL Ordinary shares 
100
HSBC (General Partner) Limited Jersey 1.00 Ordinary shares 100 100
HSBC (Kuala Lumpur) Nominees Sdn Bhd Malaysia RM10.00 Ordinary shares 
100
HSBC (Malaysia) Trustee Berhad Malaysia RM10.00 Ordinary shares 
100
HSBC (Singapore) Nominees Pte Ltd Singapore SGD Ordinary shares 
100
HSBC Administracao de Servicos para Fundos de Pensao (Brasil) Ltda Brazil BRL0.01 and BRL1.00 Quota shares 
100
HSBC Administradora de Inversiones S.A. Argentina ARS Ordinary shares 
100
HSBC AFS (USA) LLC United States Limited liability company
- no shares 
100
HSBC Agency (India) Private Limited India INR1,000,000.00 Ordinary shares 
100
HSBC Alpha Funding (UK) Holdings Cayman Islands $0.001 Limited and Unlimited. Liability shares 
100
HSBC Alternative Investments Limited England and Wales 1.00 Ordinary shares 
100
HSBC Amanah Malaysia Berhad Malaysia RM0.50 Ordinary shares 
100
HSBC Americas Corporation (Delaware) United States $1.00 Common shares 
100
HSBC Argentina Holdings S.A. Argentina ARS1.00 Ordinary shares 
100
HSBC Asia Holdings (UK) Limited England and Wales $1.00 Ordinary shares 
100
HSBC Asia Holdings B.V. Netherlands 1,000 A, B, C, D, E, F. G & H Preference shares 
100


50.00 Ordinary shares 

HSBC Asia Pacific Holdings (UK) Limited England and Wales 1.00 Ordinary and $100.00 Red Preference shares 
100
HSBC Asset Finance (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Asset Finance Holdings Limited England and Wales 1.00 Ordinary shares 
100
HSBC Asset Finance M.O.G. Holdings (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Asset Management (India) Private Limited India INR10.00 Equity shares 
100
HSBC Assistencia Previdenciaria Brazil BRL0.01 Quota shares 
100
HSBC Assurances Vie (France) France 287.50 Actions shares 
100
HSBC Australia Holdings Pty Limited Australia A$ Ordinary and A$ Preference shares 
100
HSBC Bank (Chile) Chile CLP Ordinary shares 
100
HSBC Bank (China) Company Limited China CNY1.00 Registered Capital shares 
100
HSBC Bank (General Partner) Limited Jersey 1.00 Ordinary shares 
100
HSBC Bank (RR) (Limited Liability Company) Russian Federation Russian limited liability company shares NPV 
100
HSBC Bank (Singapore) Limited Singapore SGD Ordinary shares 
100
HSBC Bank (Taiwan) Limited Taiwan TWD10.00 Ordinary shares 
100
HSBC Bank (Uruguay) S.A. Uruguay UYU1.00 Ordinary shares 
100
HSBC Bank (Vietnam) Ltd. Vietnam VND1.00 Ordinary shares 
100
HSBC Bank A.S. Turkey TRL1.00 A and TRL1.00B Common shares 
100
HSBC Bank Australia Limited Australia A$ Ordinary shares 
100
HSBC Bank Bermuda Limited Bermuda BMD1.00 Common shares 
100
HSBC Bank Brasil S.A. - Banco Multiplo Brazil BRL Ordinary shares 
100
HSBC Bank Canada Canada C$ Common and Class 1 Preferred Shares 
100
HSBC Bank Capital Funding (Sterling 1) LP¹ Jersey Limited partnership
- no shares 
100
HSBC Bank Capital Funding (Sterling 2) LP¹ Jersey Limited partnership
- no shares 
100
HSBC Bank International Limited Jersey 1.00 Ordinary shares 
100
HSBC Bank Malaysia Berhad Malaysia RM0.50 Ordinary shares 
100
HSBC Bank Middle East Limited Jersey $1 Ordinary and $1 Cum Red Preference shares 
100
HSBC Bank Nominee (Jersey) Limited Jersey 1.00 Ordinary shares 
100
HSBC Bank Pension Trust (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Bank plc England and Wales 1.00 Ordinary and Preference Ordinary shares 100 100


$0.01 Third Dollar and Series 2 Preference shares 

HSBC Bank Polska S.A. Poland PLN1.00 Ordinary and PLN1.00 Preference shares 
100
HSBC Bank USA, National Association United States $100 Common and $0.01 Preference shares 
100
HSBC Branch Nominee (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Brasil Holding S.A. Brazil BRL Ordinary shares 
100
HSBC Brasil S.A. Banco de Investmento Brazil BRL Ordinary shares 
100


Subsidiaries (continued) Country Security Direct (%) Total (%)





HSBC Broking Forex (Asia) Limited Hong Kong HK$10.00 Ordinary shares 
100
HSBC Broking Futures (Asia) Limited Hong Kong HK$10.00 Ordinary and $2.00 Deferred shares 
100
HSBC Broking Futures (Hong Kong) Limited Hong Kong HK$10.00 Ordinary shares 
100
HSBC Broking Nominees (Asia) Limited Hong Kong HK$10.00 Ordinary shares 
100
HSBC Broking Securities (Asia) Limited Hong Kong HK$10.00 Ordinary shares 
100
HSBC Broking Securities (Hong Kong) Limited Hong Kong HK$10.00 Ordinary shares 
100
HSBC Broking Services (Asia) Limited Hong Kong HK$10.00 Ordinary shares 
100
HSBC Canada Holdings (UK) Limited England and Wales $1.00 Ordinary shares 
100
HSBC Capital (Canada) Inc. Canada C$ Common shares 
100
HSBC Capital (USA), Inc. United States $1.00 Common shares 
100
HSBC Capital Funding (Dollar 1) L.P. Jersey Limited partnership - no shares 
100
HSBC Capital Funding (Euro 3) L.P. Jersey Limited partnership - no shares 
100
HSBC Capital Funding (Sterling 1) L.P. Jersey Limited partnership - no shares 
100
HSBC Capital Limited Hong Kong HK$10.00 Ordinary shares 
100
HSBC Capital Services Inc. Canada C$ Common shares 
100
HSBC Card Services Inc. United States $100.00 Common shares 
100
HSBC Casa de Bolsa, S.A. de C.V., Grupo Financiero HSBC Mexico MXN Share Class 1 and Class 2 shares 
100
HSBC Cayman Services Limited Cayman Islands $1.00 Ordinary shares 
100
HSBC City Funding Holdings England and Wales 1.00 Ordinary shares 
100
HSBC Client Holdings Nominee (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Client Share Offer Nominee (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Columbia Funding, LLC United States Limited liability company
- no shares 
100
HSBC Consumer Lending (USA) Inc. United States $1.00 Common shares 
100
HSBC Corporate Advisory (Malaysia) Sdn Bhd Malaysia RM1.00 Ordinary shares 
100
HSBC Corporate Finance (Hong Kong) Limited Hong Kong HK$10.00 Ordinary shares 
100
HSBC Corporate Trustee Company (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Credit Center, Inc. United States $1,000.00 Common shares 
100
HSBC Custody Nominees (Australia) Limited Australia AUD1.00 Ordinary shares 
100
HSBC Custody Services (Guernsey) Limited Guernsey 1.00 Ordinary shares 
100
HSBC Daisy Investments (Mauritius) Limited Mauritius $10.00 Ordinary shares 
100
HSBC Diamond (USA) LP United States Limited partnership
- no shares 
100
HSBC Electronic Data Processing (Guangdong) Limited China HK$1.00 Registered Capital shares 
100
HSBC Electronic Data Processing (Malaysia) Sdn Bhd Malaysia RM1.00 Ordinary shares 
100
HSBC Electronic Data Processing (Philippines), Inc. Philippines PHP100.00 Ordinary and
Red Preference shares 
100
HSBC Electronic Data Processing India Private Limited India INR100.00 Equity shares 
100
HSBC Electronic Data Processing Lanka (Private) Limited Sri Lanka LKR10.00 Ordinary shares 
100
HSBC Electronic Data Service Delivery (Egypt) S.A.E. Egypt EGP1.00 Ordinary shares 
100
HSBC Enterprise Investment Company (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Epargne Entreprise (France) France 16.00 Actions shares 
100
HSBC Equator (UK) Limited England and Wales $1.00 Ordinary and 1.00
Non-Vot Def shares 
100
HSBC Equipment Finance (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Equities (Luxembourg) S.a r.l. Luxembourg 1.00 Ordinary shares 
100
HSBC Equity (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Europe B.V. Netherlands 50.00 Ordinary and 50.00
Preference A & C shares 
100
HSBC European Clients Depositary Receipts Nominee (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Executor & Trustee Company (UK) Limited England and Wales 1.00 Ordinary (0.40 paid) shares 
100
HSBC Factoring (France) France 16.00 Actions shares 
100
HSBC Finance (Brunei) Berhad Brunei Darussalam BND1,000.00 Ordinary shares 
100
HSBC Finance (Netherlands) England and Wales 1.00 Ordinary shares and 1.00 Ordinary Red shares 100 100
HSBC Finance Corporation United States $0.01 Common shares 
100
HSBC Finance Holdings (Australia) Pty Limited Australia A$1.00 Ordinary shares 
100
HSBC Finance Limited England and Wales 1.00 Ordinary shares 
100
HSBC Finance Mortgages Inc. Canada C$ Common shares 
100
HSBC Finance Transformation (UK) Limited 
1.00 Ordinary shares 100 100
HSBC Financial Services (Middle East) Limited United Arab Emirates AED1,000.00 Ordinary shares 
100
HSBC Fondo 1, S.A. de C.V., Sociedad de Inversion de Renta Variable¹ Mexico MXN1.00 Series A shares 
100
HSBC Fondo 3, S.A. de C.V., Sociedad de Inversion de Renta Variable¹ Mexico MXN1.00 Series A shares 
100
HSBC Fondo 4, S.A. de C.V., Sociedad de Inversion de Renta Variable¹ Mexico MXN1.00 Series A shares 
100
HSBC Fondo 5, S.A. de C.V., Sociedad de Inversion de Renta Variable¹ Mexico MXN1.00 Series A shares 
100
HSBC Fondo 6, S.A. de C.V., Sociedad de Inversion de Renta Variable¹ Mexico MXN1.00 Series A shares 
100
HSBC Fondo Global 1, S.A. de C.V., Sociedad de Inversion de Renta Variable¹ Mexico MXN1.00 Series A shares 
100
HSBC Fund Administration (Jersey) Limited Jersey 1.00 Ordinary shares 
100
HSBC Funding (UK) Holdings England and Wales 1.00 Ordinary shares 
100
HSBC Funds Nominee (Jersey) Limited Jersey 1.00 Ordinary shares 
100
HSBC Germany Holdings GmbH Germany 1.00 Common shares 
100
HSBC Gestao de Recursos Ltda Brazil BRL1.00 Quota shares 
100
HSBC Global Asset Management (Bermuda) Limited Bermuda BMD1.00 Common and BMD1.00 Preference shares 
100
HSBC Global Asset Management (Canada) Limited Canada C$ Common shares 
100
HSBC Global Asset Management (Deutschland) GmbH Germany 1.00 Common shares 
100
HSBC Global Asset Management (France) France 16.00 Actions shares 
100


Subsidiaries (continued) Country Security Direct (%) Total (%)





HSBC Global Asset Management (Hong Kong) Limited Hong Kong HK$100.00 Ordinary shares 
100
HSBC Global Asset Management (International) Limited Jersey 1.00 Ordinary shares 
100
HSBC Global Asset Management (Japan) K. K. Japan JPY Ordinary shares 
100
HSBC Global Asset Management (Mexico), S.A. de C.V., Grupo Financiero HSBC Mexico MXN1,000.00 Ordinary shares 
100
HSBC Global Asset Management (Oesterreich) GmbH Austria 1.00 GmbH Anteil shares 
100
HSBC Global Asset Management (Singapore) Limited Singapore SGD Ordinary shares 
100
HSBC GLOBAL ASSET MANAGEMENT (Switzerland) AG Switzerland CHF10.00 Actions shares 
100
HSBC Global Asset Management (Taiwan) Limited Taiwan TWD10.00 Ordinary shares 
100





HSBC Global Asset Management (UK) Limited England and Wales 0.25 Ordinary shares 
100
HSBC Global Asset Management (USA) Inc. United States $1.00 Common shares 
100
HSBC Global Asset Management Holdings (Bahamas) Limited Bahamas $1.00 Ordinary shares 
100
HSBC Global Asset Management Limited England and Wales 1.00 Ordinary shares 
100
HSBC Global Custody Nominee (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Global Custody Proprietary Nominee (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Global Services (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Global Services Limited England and Wales $1.00 Ordinary shares 100 100
HSBC Global Shared Services (India) Private Limited India INR10.00 Ordinary shares 
100
HSBC Group Management Services Limited England and Wales 1.00 Ordinary shares 
100
HSBC Group Nominees UK Limited England and Wales 1.00 Ordinary shares 100 100
HSBC Guyerzeller Trust Company Cayman Islands $1.00 Ordinary shares 
100
HSBC Holdings B.V. Netherlands 453.78 Ordinary and Preference C, D, E, H & I shares 
100
HSBC Home Equity Loan Corporation I United States $1.00 Common shares 
100
HSBC Home Equity Loan Corporation II United States $100.00 Common shares 
100
HSBC IM Pension Trust Limited England and Wales 1.00 Ordinary shares 
100
HSBC Infrastructure Limited England and Wales 1.00 Ordinary shares 
100
HSBC INKA Investment-AG TGV Germany 1.00 Stckaktien shares 
100
HSBC Institutional Trust Services (Asia) Limited Hong Kong HK$100.00 Ordinary shares 
100
HSBC Institutional Trust Services (Bermuda) Limited Bermuda BMD1.00 Common shares 
100
HSBC Institutional Trust Services (Ireland) Limited Ireland $1.00 Ordinary shares 
100
HSBC Institutional Trust Services (Mauritius) Limited Mauritius $1.00 Ordinary shares 
100
HSBC Institutional Trust Services (Singapore) Limited Singapore SGD Ordinary shares 
100
HSBC Insurance (Asia) Limited Hong Kong HK$1,000.00 Ordinary shares 
100
HSBC Insurance (Asia-Pacific) Holdings Limited Hong Kong HK$10.00 Ordinary & Cum Red Class A Preference shares 
100


HK$10.00 Cum Red Class B and C Preference shares 



HK$10.00 Cum Red Class D and E Preference shares 



HK$10.00 Cum Red Class F and G Preference shares 

HSBC Insurance (Bermuda) Limited Bermuda $1.96345 Ordinary shares 
100
HSBC Insurance (Singapore) Pte. Limited Singapore SGD Ordinary NPV shares 
100
HSBC Insurance Agency (USA) Inc. United States $1.00 Common shares 
100
HSBC Insurance Brokers (Philippines) Inc Philippines PHP1.00 Ordinary shares 
100
HSBC Insurance Brokers (Taiwan) Limited Taiwan TWD10.00 Ordinary shares 
100
HSBC Insurance Holdings Limited England and Wales 1.00 Ordinary shares 100 100
HSBC Insurance Services Holdings Limited England and Wales 0.10 Ordinary shares 
100
HSBC Intermediate Leasing (UK) Limited England and Wales 1,000.00 Issued shares 
100
HSBC International Finance Corporation (Delaware) United States $1.000.00 Common shares 
100
HSBC International Financial Services (UK) Limited England and Wales 1.00 'A', 'B', 'C' and 1.00 Non-Vot Red shares 
100
HSBC International Holdings (Jersey) Limited Jersey 1.00 Ordinary shares 
100
HSBC International Nominees Limited Virgin Islands, British $1.00 Ordinary shares 
100
HSBC International Trade Finance Limited England and Wales 1.00 Ordinary shares 
100
HSBC International Trustee (BVI) Limited Virgin Islands, British $0.01 Class A Non-Voting shares 
100


$6,000.00 Non-Part Voting shares 

HSBC International Trustee (Holdings) Pte. Limited¹ Singapore SGD Ordinary shares 
100
HSBC International Trustee Limited Virgin Islands, British $1.00 Ordinary shares 
100
HSBC Inversiones S.A. Chile CLP402.14 Ordinary shares 
100
HSBC Inversiones y Servicios Financieros Limitada Chile CLP Ordinary shares 
100
HSBC InvestDirect Financial Services (India) Limited India INR10.00 Ordinary shares 
100
HSBC InvestDirect Securities (India) Private Limited India INR10.00 Ordinary shares 
100
HSBC Investment Asia Holdings Limited Hong Kong HK$10.00 Ordinary shares 
100
HSBC Investment Bank Holdings B.V. Netherlands 50.00 Ordinary shares 
100
HSBC Investment Bank Holdings Limited England and Wales 1.00 Ordinary shares 100 100
HSBC Investment Funds (Canada) Inc. Canada C$ Common and C$ Red Preference shares 
100
HSBC Investment Funds (Hong Kong) Limited Hong Kong HK$10.00 Ordinary shares 
100
HSBC Investment Funds (Luxembourg) SA Luxembourg 1.00 Ordinary shares 
100
HSBC Investment Holdings (Guernsey) Limited Guernsey $1.00 Ordinary shares 
100
HSBC Investment Services (Africa) (Pty) Limited South Africa ZAR1.00 Ordinary shares 
100
HSBC Investments (Bahamas) Limited Bahamas BSD100.00 Ordinary shares 
100
HSBC Investments (North America) Inc. United States $1.00 Common shares 
100
HSBC Invoice Finance (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Issuer Services Common Depositary Nominee (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Issuer Services Depositary Nominee (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Jade Limited Partnership United States Limited partnership - no shares 
100


Subsidiaries (continued) Country Security Direct (%) Total (%)





HSBC Latin America B.V. Netherlands Ordinary 500 Cl-A 250
Cl-B 50 Cl-C shares 
100
HSBC Latin America Holdings (UK) Limited England and Wales 1.00 Ordinary shares 100 100
HSBC Leasing (Asia) Limited Hong Kong HK$100.00 Ordinary shares 
100
HSBC Leasing (France) France 9.57 Actions shares 
100
HSBC Life (International) Limited Bermuda HK$1.00 Ordinary shares 
100
HSBC Life (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Lodge Funding (UK) Holdings England and Wales 1.00 Ordinary shares 
100
HSBC Logan Holdings USA, LLC United States Limited liability company
- no shares 
100
HSBC London Holdings Limited England and Wales 1.00 Ordinary shares 100 100
HSBC LU Nominees Limited England and Wales 1.00 Ordinary shares 
100
HSBC Management (Guernsey) Limited Guernsey 1.00 Ordinary shares 
100
HSBC Markets (NY) Inc. United States $4.00 Common shares 
100
HSBC Markets (USA) Inc. United States $1.00 Common shares 
100
HSBC Marking Name Nominee (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Middle East Holdings B.V. Netherlands 500 Ordinary & 1,000 Preference - Class A shares 
100
HSBC Middle East Leasing Partnership United Arab Emirates Partnership - no shares 
100
HSBC Mortgage Corporation (Canada) Canada C$ Common & Class A Preferred Shares 
100
HSBC Mortgage Corporation (USA) United States $1.00 Common shares 
100
HSBC Mortgage Services Inc. United States $100.00 Common shares 
100
HSBC Nominees (Asing) Sdn Bhd Malaysia RM1.00 Ordinary shares 
100
HSBC Nominees (Hong Kong) Limited Hong Kong HK$10.00 Ordinary shares 
100
HSBC Nominees (New Zealand) Limited New Zealand NZD1.00 Ordinary shares 
100
HSBC Nominees (Tempatan) Sdn Bhd Malaysia RM1.00 Ordinary shares 
100
HSBC North America Holdings Inc. United States $0.01 Common & Preferred Series B shares 
100
HSBC North America Inc. United States $1.00 Common shares 
100
HSBC Odeme Sistemleri Bilgisayar Teknolojileri Basin Yayin Ve MusteriHizmetleri Turkey TRL1.00 Ordinary shares 
100
HSBC Overseas Holdings (UK) Limited England and Wales 1.00 Ordinary shares 100 100
HSBC Overseas Investments (UK) Limited England and Wales 1.00 Ordinary shares 100 100
HSBC Overseas Investments Corporation (New York) United States $0.01 Common shares 
100
HSBC Overseas Nominee (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Participaciones (Argentina) S.A. Argentina ARS1.00 Ordinary shares 
100
HSBC Participacoes e Investimentos Ltda Brazil BRL0.01 Quota shares 
100
HSBC PB Corporate Services 1 Limited Jersey 1.00 Ordinary shares 
100
HSBC PB Corporate Services 2 Limited Jersey 1.00 Ordinary shares 
100
HSBC PB Services (Suisse) SA Switzerland CHF1,000.00 Ordinary shares 
100
HSBC Pension Trust (Ireland) Limited Ireland 1.26974 Ordinary shares 
100
HSBC Pensiones, S.A. Mexico MXN Ordinary shares 
100
HSBC Pensions (Jersey) Limited Jersey 1.00 Ordinary shares 
100
HSBC PH Investments (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC PI Holdings (Mauritius) Limited Mauritius $1.00 Ordinary shares 
100
HSBC Portfoy Yonetimi A.S. Turkey TRL1.00 A Common shares 
100
HSBC Preferential LP (UK) England and Wales 1.00 Ordinary shares 
100
HSBC Private Bank (C.I.) Limited Guernsey $1.00 Ordinary shares 
100
HSBC Private Bank (Luxembourg) S.A. Luxembourg 1,000.00 Ordinary shares 
100
HSBC Private Bank (Monaco) SA Monaco 155.00 Actions shares 
100
HSBC Private Bank (Suisse) SA Switzerland CHF1,000.00 Ordinary shares 
100
HSBC Private Bank (UK) Limited England and Wales 10.00 Issued shares 
100
HSBC Private Bank International United States $1,000.00 Common shares 
100
HSBC Private Banking Holdings (Suisse) SA Switzerland CHF1,000.00 Ordinary shares 
100
HSBC Private Banking Nominee 1 (Jersey) Limited Jersey 1.00 Ordinary shares 
100
HSBC Private Banking Nominee 2 (Jersey) Limited Jersey 1.00 Ordinary shares 
100
HSBC Private Banking Nominee 3 (Jersey) Limited Jersey 1.00 Ordinary shares 
100
HSBC Private Equity Advisors LLC United States Limited liability company
- no shares 
100
HSBC Private Equity Investments (UK) Limited England and Wales 1.00 Issued shares 
100
HSBC Private Trustee (Hong Kong) Limited Hong Kong HK$10.00 Ordinary shares 
100
HSBC Private Wealth Services (Canada) Inc. Canada C$ Common and C$ Preference shares 
100
HSBC Procyon Fund Ltd Cayman Islands BRL2,618.38127 Red Preference shares 
100
HSBC Professional Services (India) Private Limited India INR10.00 Ordinary shares 
100
HSBC Property (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Property Funds (Holding) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Property Funds Investment Limited England and Wales 1.00 Ordinary shares 
100
HSBC Property Investments Limited England and Wales 1.00 Ordinary shares 
100
HSBC Provident Fund Trustee (Hong Kong) Limited Hong Kong HK$10.00 Ordinary shares 
100
HSBC QUEST Trustee (UK) Limited England and Wales 1.00 Ordinary shares 100 100
HSBC Rail (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Real Estate Leasing (France) France 15.24 Actions shares 
100
HSBC Realty Credit Corporation (USA) United States $1.00 Common & $500 Preferred shares 
100
HSBC REIM (France) France 92.00 Actions shares 
100


Subsidiaries (continued) Country Security Direct (%) Total (%)





HSBC Representative Office (Nigeria) Limited Nigeria Ordinary shares no par value 
100
HSBC Republic Management Services (Guernsey) Limited Guernsey $0.10 Ordinary shares 
100
HSBC Retail Services Inc. United States $100.00 Common shares 
100
HSBC Retirement Benefits Trustee (UK) Limited England and Wales 1.00 Issued shares 100 100
HSBC Savings Bank (Philippines) Inc. Philippines PHP10.00 Ordinary shares 
100
HSBC Securities (Asia) Limited Hong Kong HK$10.00 Ordinary and HK$10.00 Deferred shares 
100
HSBC Securities (B) Berhad Brunei Darussalam BND1.00 Ordinary shares 
100
HSBC Securities (Canada) Inc. Canada Common - C$ Class A &
$ Class B shares 
100
HSBC Securities (Japan) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Securities (Philippines) Inc. Philippines PHP10.00 Nominal shares 
100
HSBC Securities (Singapore) Pte Limited Singapore SGD Ordinary shares 
100
HSBC Securities (South Africa) (Pty) Limited South Africa ZAR1.00 Ordinary shares 
100
HSBC Securities (Taiwan) Corporation Limited Taiwan TWD10.00 Ordinary shares 
100





HSBC Securities (USA) Inc. United States $0.05 Common shares 
100
HSBC Securities and Capital Markets (India) Private Limited India INR100.00 Ordinary and INR100.00 Red Preference shares 
100
HSBC Securities Asia International Nominees Limited Virgin Islands, British $1.00 Ordinary shares 
100
HSBC Securities Asia Nominees Limited Hong Kong HK$1.00 Ordinary shares 
100
HSBC Securities Brokers (Asia) Limited Hong Kong HK$10.00 Ordinary shares 
100
HSBC Securities Investments (Asia) Limited Hong Kong HK$10.00 Ordinary shares 
100
HSBC Securities Services (Bermuda) Limited Bermuda BMD1.00 Common shares 
100
HSBC Securities Services (Guernsey) Limited Guernsey 1.00 Ordinary Shares 
100
HSBC Securities Services (Ireland) Limited Ireland 1.25 and $1.00 Ordinary shares 
100
HSBC Securities Services (Luxembourg) S.A. Luxembourg $100.00 Ordinary shares 
100
HSBC Securities Services (USA) Inc. United States $0.001 Common shares 
100
HSBC Securities Services Holding Limited Virgin Islands, British $1.00 Ordinary shares 
100
HSBC Securities Services Holdings (Ireland) Limited Ireland 1.25 and $1.00 Ordinary shares 
100
HSBC Seguros de Retiro (Argentina) S.A. Argentina ARS1.00 Ordinary A and Ordinary B shares 
100
HSBC Seguros de Vida (Argentina) S.A. Argentina ARS1.00 Ordinary shares 
100
HSBC Seguros, S.A de C.V., Grupo Financiero HSBC Mexico MXN Class I and Class II shares 
100
HSBC Service Delivery (Polska) Sp. z o.o. Poland PLN500.00 Ordinary shares 
100
HSBC Services (France) France 18.50 Actions shares 
100
HSBC Services Japan Limited Bahamas $1.00 Ordinary shares 
100
HSBC Servicios Financieros, S.A. de C.V Mexico MXN1.00 Share Class 1 and 2 shares 
100
HSBC Servicios, S.A. DE C.V., Grupo Financiero HSBC Mexico MXN500 Series 'A' and MXN Ordinary B shares 
100
HSBC Servicos e Participacoes Ltda Brazil BRL0.01 Ordinary shares 
100
HSBC SFH (France) France 15.00 Actions shares 
100
HSBC Software Development (Brasil) - Prestacao de Servicos Tecnologicos Ltda Brazil BRL1.00 Quota shares 
100
HSBC Software Development (Canada) Inc Canada CAD1.00 Common shares 
100
HSBC Software Development (Guangdong) Limited China $1.00 Registered Capital shares 
100
HSBC Software Development (India) Private Limited India INR10.00 Equity shares 
100
HSBC Software Development (Malaysia) Sdn Bhd Malaysia RM1.00 Ordinary shares 
100
HSBC South Point Investments (Barbados) LLP England and Wales Limited liability partnership - no shares 
100
HSBC Specialist Investments Limited England and Wales 1.00 Ordinary and 1.00 Red Preference shares 
100
HSBC Stockbroker Services (Client Assets) Nominees Limited England and Wales 1.00 Ordinary shares 
100
HSBC Stockbrokers Nominee (UK) Limited England and Wales 1.00 Ordinary shares 
100
HSBC Structured Funds (Asia) Limited Hong Kong HK$10.00 Ordinary shares 
100
HSBC Taxpayer Financial Services Inc. United States $100.00 Common shares 
100
HSBC Technology & Services (China) Limited China $1.00 Registered Capital shares 
100
HSBC Technology & Services (USA) Inc. United States $1.00 Common shares 
100
HSBC TFS I 2005 LLC United States Limited liability company
- no shares 
100
HSBC TKM Limited England and Wales 0.01 Ordinary shares 
100
HSBC Trust Company (BVI) Limited Virgin Islands, British $1.00 Ordinary-A shares 
100
HSBC Trust Company (Canada) Canada C$ Common shares 
100
HSBC Trust Company (Delaware), National Association United States $100.00 Ordinary shares 
100
HSBC Trust Company (UK) Limited England and Wales 5.00 Ordinary shares 
100
HSBC Trust Company AG Switzerland CHF1,000.00 Ordinary shares 
100
HSBC Trustee (C.I.) Limited Jersey 1.00 Ordinary shares 
100
HSBC Trustee (Cayman) Limited Cayman Islands $1,000.00 Ordinary shares 
100
HSBC Trustee (Cook Islands) Limited Cook Islands NZD Ordinary shares 
100
HSBC Trustee (Guernsey) Limited Guernsey $1.00 Ordinary shares 
100
HSBC Trustee (Hong Kong) Limited Hong Kong HK$10.00 Ordinary
(HK$5.00 pt pd) shares 
100
HSBC Trustee (Mauritius) Limited Mauritius $1.00 Ordinary shares 
100
HSBC Trustee (Singapore) Limited Singapore SGD Ordinary shares 
100
HSBC Tulip Funding (UK) England and Wales 1.00 Ordinary shares 
100
HSBC UK RFB Limited¹ England and Wales 1.00 Ordinary shares 100 100
HSBC USA Inc. United States $5.00 Common shares 
100
HSBC Valores S.A. Sociedad de Bolsa Argentina ARS1.00 Ordinary shares 
100
HSBC Vida e Previdencia (Brasil) SA Brazil BRL Ordinary shares 
100


Subsidiaries (continued) Country Security Direct (%) Total (%)





HSBC Violet Investments (Mauritius) Limited Mauritius $10.00 Ordinary shares 
100
HSBC Wealth Advisory Israel Ltd Israel ILS1.00 Ordinary shares 
100
HSBC Wealth Client Nominee Limited England and Wales 1.00 Ordinary shares 
100
HSBC Workplace Retirement Services Fund Platform
Nominee Company Limited England and Wales 1.00 Ordinary shares 
100
HSBC Yatirim Menkul Degerler A.S. Turkey TRL1.00 Ordinary-A shares 
100
HSBC-D1, S.A. de C.V., Sociedad de Inversion en Instrumentos de Deuda¹ Mexico MXN2.00 Ordinary shares 
100
HSBC-D10, S.A. de C.V., Sociedad de Inversion en Instrumentos de Deuda¹ Mexico MXN1.00 Ordinary-A shares 
100
HSBC-D2, S.A. de C.V., Sociedad de Inversion en Instrumentos de Deuda¹ Mexico MXN1.00 Ordinary shares 
100
HSBC-D7, S.A. de C.V., Sociedad de Inversion en Instrumentos de Deuda¹ Mexico MXN10.00 Ordinary shares 
100
HSBC-D9, S.A. de C.V., Sociedad de Inversion en Instrumentos de Deuda¹ Mexico MXN1.40 Ordinary shares 
100
HSBC-DE, S.A. de C.V., Sociedad de Inversion en Instrumentos de Deuda¹ Mexico MXN1.098 Ordinary shares 
100
HSBC-DG, S.A. de C.V., Sociedad de Inversion en Instrumentos de Deuda¹ Mexico MXN10.00 Ordinary shares 
100
HSBC-DH, S.A. de C.V., Sociedad de Inversion en Instrumentos de Deuda¹ Mexico MXN1.00 Ordinary A shares 
100
HSBC-DL, S.A. de C.V., Sociedad de Inversion en Instrumentos de Deuda¹ Mexico MXN1.00 Ordinary A shares 
100
HSBC-E2, S.A. de C.V., Sociedad de Inversion de Renta Variable¹ Mexico MXN1.00 Ordinary A shares 
100
HSBC-E3, S.A. de C.V., Sociedad de Inversion en Instrumentos de Deuda¹ Mexico MXN1.00 Ordinary A shares 
100
HSBC-FF, S.A. de C.V., Sociedad de Inversion de Renta Variable¹ Mexico MXN1.00 Ordinary shares 
100
HSBC-V2, S.A. de C.V., Sociedad de Inversion de Renta Variable¹ Mexico MXN1.00 Ordinary shares 
100
HSBC-V3, S.A. de C.V., Sociedad de Inversion de Renta Variable¹ Mexico MXN1.66 Ordinary shares 
100
HSI Asset Securitization Corporation United States $0.01 Common shares 
100
HSIL Investments Limited England and Wales 1.00 Ordinary shares 
100
Hubei Macheng HSBC Rural Bank Company Limited China CNY1.00 Registered Capital shares 
100
Hubei Suizhou Cengdu HSBC Rural Bank Company Limited China CNY1.00 Registered Capital shares 
100
Hubei Tianmen HSBC Rural Bank Company Limited China CNY1.00 Registered Capital shares 
100
Hunan Pingjiang HSBC Rural Bank Company Limited China CNY1.00 Registered Capital shares 
100
Inmobiliaria Bisa, S.A. de C.V. Mexico MXN1.00 Serie 'A' and 'B' shares 
100
Inmobiliaria Grufin, S.A. de C.V. Mexico MXN1.00 Serie 'A' and 'B' shares 
100
Inmobiliaria Guatusi, S.A. de C.V. Mexico MXN10.00 Class I and II shares 
100
IRERE French Offices 1 France 0.10 Ordinary shares 
100
IRERE French Offices 2 France 0.10 Ordinary shares 
100
IRERE French Offices 4 France 0.10 Ordinary shares 
100
IRERE French Offices Holdings France 1.00 Ordinary shares 
100
IRERE French Offices Holdings 3 France 1.00 Ordinary shares 
100
IRERE Property Investments (French Offices) Sarl Luxembourg 25.00 Ordinary shares 
100
James Capel & Co. Limited England and Wales 1.00 Issued shares 
100
James Capel (Channel Islands) Nominees Limited Jersey 1.00 Ordinary shares 
100
James Capel (Custodian) Nominees Limited United Kingdom 1.00 Issued shares 
100
James Capel (Nominees) Limited England and Wales 1.00 Ordinary shares 
100
James Capel (Second Nominees) Limited England and Wales 1.00 Issued shares 
100
James Capel (Taiwan) Nominees Limited England and Wales 1.00 Issued shares 
100
James Capel (Third Nominees) Limited England and Wales 1.00 Issued shares 
100
John Lewis Financial Services Limited England and Wales 1.00 Ordinary shares 
100
Katonah Close Corp. United States $1.00 Common shares 
100
Keyser Ullmann Limited England and Wales 1.00 Ordinary shares 
100
Kings Meadow Nominees Limited England and Wales 1.00 Ordinary shares 
100
Legend Estates Limited England and Wales 1.00 Ordinary shares 
100
Lemasco Nominees Limited Jersey 1.00 Ordinary shares 
100
Lion Corporate Services Limited Hong Kong HK$10.00 Ordinary shares 
100
Lion International Corporate Services Limited Virgin Islands, British $1.00 Ordinary shares 
100
Lion International Management Limited Virgin Islands, British $1.00 Ordinary shares 
100
Lion Management (Hong Kong) Limited Hong Kong HK$10.00 Ordinary shares 
100
Lyndholme Limited Hong Kong HK$10.00 Ordinary shares 
100
MAGIM Client HSBC GIS Nominee (UK) Limited England and Wales 1.00 Ordinary shares 
100
Marks and Spencer Financial Services plc England and Wales 1.00 Ordinary shares 
100
Marks and Spencer Retail Financial Services Holdings Limited England and Wales 1.00 Ordinary shares 
100
Marks and Spencer Savings and Investments Limited England and Wales 1.00 Ordinary shares 
100
Marks and Spencer Unit Trust Management Limited England and Wales 1.00 Ordinary shares 
100
Maxima S.A. AFJP Argentina ARS0.25 Ordinary shares 
100
Mercantile Company Limited England and Wales 1.00 Ordinary and 1.00 Deferred shares 
100
Midcorp Limited England and Wales 1.00 Ordinary and 1.00 Non-Cum Red Preference shares 100 100
Midland Australia Pty Limited Australia AUD1.00 Ordinary shares 
100
Midland Bank (Branch Nominees) Limited England and Wales 1.00 Ordinary shares 
100
Midland Nominees Limited England and Wales 1.00 Ordinary shares 
100
MIL (Cayman) Limited Cayman Islands $1.00 Ordinary shares 
100
MIL (Jersey) Limited Jersey 1.00 Ordinary shares 
100
MIL Properties (Cook Islands) Limited Cook Islands NZD1.00 Ordinary shares 
100
MM Mooring #2 Corp. United States $1.00 Common shares 
100
Mortgage One Corporation United States $100.00 Common shares 
100
Mortgage Two Corporation United States $100.00 Common shares 
100
MW Gestion SA Argentina ARS12,000.00 Ordinary shares 
100
Neil Corporation United States $1.00 Common shares 
100
Neuilly Valeurs France 15.24 Parts shares 
100
Oakwood Holdings, Inc. United States $1.00 Common shares 
100
One Main Street, Inc. United States $1.00 Common shares 
100


Subsidiaries (continued) Country Security Direct (%) Total (%)





Promocion en Bienes Raices, S.A. de C.V. Mexico MXN1 Class 'I' and 'II' and Preference shares 
100
Prudential Client HSBC GIS Nominee (UK) Limited England and Wales 1.00 Ordinary shares 
100
PTC New LLC United States Limited liability company
- no shares 
100
R/CLIP Corp. United States $100.00 Common shares 
100
Real Estate Collateral Management Company United States $10.00 Ordinary shares 
100
Republic Nominees Limited Guernsey 1.00 Ordinary shares 
100
Republic Overseas Capital Corporation United States $10.00 Common shares 
100
S.A.P.C. - Ufipro Recouvrement France 46.00 Parts shares 
100
Saf Baiyun France 10.00 Actions shares 
100
Saf Chang Jiang France 10.00 Actions shares 
100
Saf Chang Jiang Ba France 10.00 Actions shares 
100
Saf Chang Jiang Er France 10.00 Actions shares 
100
Saf Chang Jiang Jiu France 10.00 Actions shares 
100
Saf Chang Jiang Liu France 10.00 Actions shares 
100
Saf Chang Jiang Qi France 10.00 Actions shares 
100
Saf Chang Jiang San France 10.00 Actions shares 
100
Saf Chang Jiang Shi France 10.00 Actions shares 
100
Saf Chang Jiang Shi Liu France 1.00 Actions shares 
100
Saf Chang Jiang Shi Wu France 1.00 Actions shares 
100
Saf Chang Jiang Shi'Er France 10.00 Actions shares 
100
Saf Chang Jiang Shiyi France 10.00 Actions shares 
100
Saf Chang Jiang Wu France 10.00 Actions shares 
100
Saf Chang Jiang Yi France 10.00 Actions shares 
100
Saf Guangzhou France 10.00 Actions shares 
100
Saf Palissandre France 10.00 Actions shares 
100
Saf Zhu Jiang France 10.00 Actions shares 
100
Saf Zhu Jiang Ba France 10.00 Actions shares 
100
Saf Zhu Jiang Er France 10.00 Actions shares 
100
Saf Zhu Jiang Jiu France 10.00 Actions shares 
100
Saf Zhu Jiang Liu France 10.00 Actions shares 
100
Saf Zhu Jiang Qi France 10.00 Actions shares 
100
Saf Zhu Jiang San France 10.00 Actions shares 
100
Saf Zhu Jiang Shi France 10.00 Actions shares 
100
Saf Zhu Jiang Shi Ba France 1.00 Actions shares 
100
Saf Zhu Jiang Shi Er France 1.00 Actions shares 
100
Saf Zhu Jiang Shi Jiu France 1.00 Actions shares 
100
Saf Zhu Jiang Shi Liu France 1.00 Actions shares 
100
Saf Zhu Jiang Shi Qi France 1.00 Actions shares 
100
Saf Zhu Jiang Shi Wu France 1.00 Actions shares 
100
Saf Zhu Jiang Shiyi France 10.00 Actions shares 
100
Saf Zhu Jiang Wu France 10.00 Actions shares 
100
Saf Zhu Jiang Yi France 10.00 Actions shares 
100
Samada Limited Jersey 1.00 Ordinary shares 
100
Samuel Montagu & Co. Limited England and Wales 1.00 Ordinary shares 
100
SCI Hervet Mathurins France 15.24 Parts shares 
100
SCI HSBC Assurances Immo France 152.44 Parts shares 
100
Second Corporate Director Inc. Virgin Islands, British $1.00 Ordinary shares 
100
Secondary Club Deal I GP Limited Guernsey  Ordinary shares 
100
Secondary Club Deal II GP Limited Guernsey $ Ordinary shares 
100
SFSS Nominees (Pty) Limited South Africa ZAR1.00 Ordinary shares 
100
Shandong Rongcheng HSBC Rural Bank Company Limited China CNY1.00 Registered Capital shares 
100
Shenfield Nominees Limited England and Wales 1.00 Ordinary shares 
100
Shuttle Developments Limited England and Wales 1.00 Ordinary shares 
100
Sico Limited Virgin Islands, British $1.00 Ordinary shares 
100
Silliman Associates Limited Partnership United States Limited partnership - no shares 
100
Silliman Corporation United States $1.00 Common shares 
100
SNC Dorique Reunion 1.00 Parts shares 
100
SNC Kerouan France 1.00 Parts shares 
100
SNC Les Mercuriales France 1.00 Parts shares 
100
SNC Makala France 1.00 Parts shares 
100
SNC Nuku-Hiva Bail France 0.01 Parts shares 
100
SNCB/M6-2008 A France 1.00 Actions shares 
100
SNCB/M6-2007 A France 10.00 Actions shares 
100
SNCB/M6-2007 B France 10.00 Actions shares 
100
Socit Financire et Mobilire France 16.00 Actions shares 
100
Socit Franaise et Suisse France 1.00 Actions shares 
100
Societe Immobiliere Atlas S.A. Switzerland CHF1,000.00 Ordinary shares 
100
Socit Immobilire Malesherbes-Anjou France 70.00 Actions shares 
100
Solandra 3 France 100.00 Actions shares 
100
Somers & Co United States Partnership - no shares 
100
Somers (U.K.) Limited England and Wales 1.00 Ordinary shares 
100
Somers Dublin Limited Ireland 1.25 Ordinary shares 
100
Somers Nominees (Far East) Limited Bermuda $1.00 Common shares 
100
Sopingest France Ordinary shares no par value 
100
South Yorkshire Light Rail Limited England and Wales 0.10 Ordinary shares 
100
SPE 1 2005 Manager Inc. United States $1.00 Common shares 
100


Subsidiaries (continued) Country Security Direct (%) Total (%)





St Cross Trustees Limited England and Wales 1.00 Ordinary shares 
100
Sterling Credit Limited England and Wales 1.00 Ordinary shares 
100
Sun Hung Kai Development (Lujiazui III) Limited China $1.00 Registered Capital shares 
100
Swan National Leasing (Commercials) Limited England and Wales 1 Ordinary 
100
Swan National Limited England and Wales 1 Ordinary 
100
Tayside Holdings Limited Bahamas $1.00 Ordinary shares 
100
Tempus Management AG Switzerland CHF100.00 Ordinary shares 
100
Thasosfin France 15.00 Actions shares 
100
The Hongkong and Shanghai Banking Corporation Limited Hong Kong HK$2.50 Ordinary and $1 Cumulative Redeemable Preference shares, 
100


$1 Cumulative and $1 Non-cumulative Irredeemable Preference shares 

The Venture Catalysts Limited England and Wales 1.00 Ordinary shares 
100
Third Corporate Director Inc. Virgin Islands, British $1.00 Ordinary shares 
100
Timberlink Settlement Services (USA) Inc. United States $1.00 Common shares 
100
TKM International Limited England and Wales 1.00 Ordinary shares 
100
Tooley Street View Limited United Kingdom 1.00 Ordinary shares 100 100
Tower Investment Management Cayman Islands $1,000 Ordinary shares 
100
TPBC Acquisition Corp. United States $1.00 Common shares 
100
Trinkaus Canada 1 GP LTD Canada C$100 Common shares 
100
Tropical Nominees Limited Cayman Islands KYD1.00 Ordinary shares 
100
Trumball Management, Inc. United States $1.00 Common shares 
100
Turnsonic (Nominees) Limited England and Wales 1.00 Ordinary shares 
100
Vadep Holding AG Switzerland CHF1,000.00 Ordinary shares 
100
Valeurs Mobilires Elyses France 16.00 Actions shares 
100
Vintage I Secondary GP Limited Guernsey  Ordinary shares 
100
Vintage III Special Situations GP Limited Guernsey $ Ordinary shares 
100
Wardley Limited Hong Kong HK$200.00 Ordinary shares 
100
Wayfoong Credit Limited Hong Kong HK$100.00 Ordinary shares 
100
Wayfoong Finance Limited Hong Kong HK$1,000.00 Ordinary shares 
100
Wayfoong Nominees Limited Hong Kong HK$1.00 Ordinary shares 
100
Westminster House, LLC United States Limited liability company
- no shares 
100
Woodex Limited Bermuda BMD1.00 Common shares 
100
XDP, Inc. United States $1.00 Common shares 
100
HSBC Bank Argentina S.A. Argentina ARS1.00 Ordinary A and Ordinary
B shares 
99.99
HSBC France France 5.00 Actions shares 
99.99
HSBC Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero HSBC Mexico MXN2.00 Ordinary shares 
99.99
HSBC Empresa de Capitalizacao (Brasil) S.A. Brazil BRL Ordinary shares 
99.97
HSBC Corretora de Titulos e Valores Mobiliarios S.A. Brazil BRL Ordinary shares 
99.96
HSBC Inmobiliaria (Mexico), S.A. de C.V. Mexico MXN1,000.00 Series A and Series
B shares 
99.96
HSBC Seguros (Brasil) S.A. Brazil BRL Ordinary and BRL Preference shares 
99.77
HSBC Corretora de Seguros (Brasil) S.A. Brazil BRL Ordinary shares 
99.75
HSBC Financial Services (Lebanon) s.a.l. Lebanon LBP1,000,000.00 Ordinary B shares 
99.65
HSBC InvestDirect (India) Limited India INR10.00 Ordinary shares 
99.54
PT Bank Ekonomi Raharja Indonesia IRD100.00 and IRD1,000.00 Ordinary shares 
98.81
SAS Orona New Caledonia Franc Pacific 10,000 Actions 
94.93
HSBC Bank Egypt S.A.E. Egypt EGP84.00 Ordinary shares 
94.53
SAS Bosquet -Audrain New Caledonia Franc Pacific 10,000 Actions 
94.90
HSBC Securities (Egypt) S.A.E. Egypt EGP100.00 Ordinary shares 
94.64
SAS Cyatheas Pasteur France 10.00 Action shares 
94.00
HSBC Fund Services (Korea) Limited Korea, Republic of KRW5,000.00 Ordinary shares 
92.96
HSBC Transaction Services GmbH Germany 1.00 GmbH Anteil shares 
90.20
HSBC Gestion (Monaco) S.A. Monaco Ordinary shares 
86.59
Beau Soleil Limited Partnership Hong Kong Limited partnership - no shares 
85.00
PT HSBC Securities Indonesia Indonesia IDR1,000,000.00 Common shares 
85.00
HSBC Trinkaus & Burkhardt (International) S.A. Luxembourg 1.00 Common shares 
80.65
HSBC Trinkaus & Burkhardt AG Germany Stckaktien shares no par value 
80.65
HSBC Trinkaus & Burkhardt Gesellschaft fur Bankbeteiligungen mbH Germany DEM1.00 Common shares 
80.65
HSBC Trinkaus Consult GmbH Germany DEM1.00 Common shares 
80.65
HSBC Trinkaus Europa Immobilien-Fonds Nr. 5 GmbH Germany Ordinary shares no par value 
80.65
HSBC Trinkaus Family Office GmbH Germany 1.00 GmbH Anteil shares 
80.65
HSBC Trinkaus Immobilien Beteiligungs KG Germany 1.00 Ordinary shares 
80.65
HSBC Trinkaus Real Estate GmbH Germany DEM1.00 Common shares 
80.65
Trinkaus Australien Immobilien Fonds Nr. 1 Brisbane GmbH & Co. KG Germany 1.00 Ordinary shares 
80.65
Trinkaus Australien Immobilien Fonds Nr. 1 Treuhand-GmbH Germany 1.00 GmbH Anteil shares 
80.65
Trinkaus Canada Immobilien-Fonds Nr. 1 Verwaltungs-GmbH Germany 1.00 Ordinary shares 
80.65
Trinkaus Europa Immobilien-Fonds Nr.3 Objekt Utrecht
Verwaltungs-GmbH Germany DEM1.00 Ordinary shares 
80.65
Trinkaus Immobilien-Fonds Geschaeftsfuehrungs-GmbH Germany 1.00 GmbH Anteil shares 
80.65
Trinkaus Immobilien-Fonds Verwaltungs-GmbH Germany 1.00 GmbH-Anteil shares 
80.65
Trinkaus Private Equity Management GmbH Germany 1.00 Ordinary shares 
80.65
Trinkaus Private Equity Verwaltungs GmbH Germany 1.00 GmbH Anteil shares 
80.65


Subsidiaries (continued) Country Security Direct (%) Total (%)





INKA Internationale Kapitalanlagegesellschaft mbH Germany 1.00 Common shares 
80.65
GPIF Co-Investment, LLC United States Limited liability company
- no shares 
80.00
HSBC Middle East Finance Company Limited United Arab Emirates AED1.00 Ordinary shares 
80.00
HSBC Bank (Mauritius) Limited Mauritius $ Ordinary No Par Value shares 
72.96
HSBC Bank Malta p.l.c. Malta 0.30 Ordinary shares 
70.03
HSBC Global Asset Management (Malta) Limited Malta 2.32937 Ordinary shares 
70.03
HSBC Insurance Management Services (Europe) Limited Malta 1.00 Ordinary A and Ordinary B shares 
70.03
HSBC Life Assurance (Malta) Limited Malta 1.16469 Ordinary shares 
70.03
HSBC Bank Armenia cjsc Armenia AMD30,250.00 Ordinary shares 
70.00
Mexanicana de Fomento S.A. de C.V. Mexico MXN1.00 Series A and B shares 
69.80
HSBC Saudi Arabia Limited Saudi Arabia SAR50,000.00 Ordinary shares 
69.40
Fulcher Enterprises Company Limited Hong Kong HK$10.00 Ordinary shares 
62.14
Hang Seng (Nominee) Limited Hong Kong HK$100.00 Ordinary shares 
62.14
Hang Seng Bank (China) Limited China CNY1.00 Registered Capital shares 
62.14
Hang Seng Bank (Trustee) Limited Hong Kong HK$10.00 Ordinary shares 
62.14
Hang Seng Bank Limited Hong Kong HK$5.00 Ordinary shares 
62.14
Hang Seng Bullion Company Limited Hong Kong HK$100.00 Ordinary shares 
62.14
Hang Seng Credit Limited Hong Kong HK$100.00 Ordinary shares 
62.14
Hang Seng Data Services Limited Hong Kong HK$10.00 Ordinary shares 
62.14
Hang Seng Finance Limited Hong Kong HK$100.00 Ordinary shares 
62.14
Hang Seng Financial Information Limited Hong Kong HK$10.00 Ordinary shares 
62.14
Hang Seng Futures Limited Hong Kong HK$100.00 Ordinary shares 
62.14
Hang Seng Indexes Company Limited Hong Kong HK$10.00 Ordinary shares 
62.14
Hang Seng Insurance Company Limited Hong Kong HK$10.00 Ordinary shares 
62.14
Hang Seng Investment Management Limited Hong Kong HK$100.00 Ordinary shares 
62.14
Hang Seng Investment Services Limited Hong Kong HK$100.00 Ordinary shares 
62.14
Hang Seng Life Limited Hong Kong HK$1,000.00 Ordinary shares 
62.14
Hang Seng Real Estate Management Limited Hong Kong HK$100.00 Ordinary shares 
62.14
Hang Seng Securities Limited Hong Kong HK$100.00 Ordinary shares 
62.14
Hang Seng Security Management Limited Hong Kong HK$1.00 Ordinary shares 
62.14
Haseba Investment Company Limited Hong Kong HK$100.00 Ordinary shares 
62.14
High Time Investments Limited Hong Kong HK$1.00 Ordinary shares 
62.14
HSI International Limited Hong Kong HK$1.00 Ordinary shares 
62.14
Imenson Limited Hong Kong HK$10.00 Ordinary shares 
62.14
Yan Nin Development Company Limited Hong Kong HK$100.00 Ordinary shares 
62.14
Fundacion HSBC, A.C.¹ Mexico Parts shares 
60.00
SNC Les Oliviers D'Antibes France 15.00 Parts shares 
60.00
HSBC Land Title Agency (USA) LLC United States Limited liability company
- no shares 
55.00
The Malta Development Fund Limited Malta 2.32937 Ordinary shares 
53.07
HSBC Bank Oman S.A.O.G. Oman OMR0.10 Ordinary shares 
51.00
Beneficial Homeowner Service Corporation United States $100.00 Common shares 
50.00
Electronic Payment Services Company (Hong Kong) Limited Hong Kong HK$1.00 Ordinary shares 
50.00
ProServe Bermuda Limited Bermuda BMD1.00 Common shares 
50.00
REDUS Halifax Landing, LLC United States Limited liability company
- no shares 
50.00
Urban Solutions (Cardiff) Limited England and Wales 1 Ordinary shares 
50.00
Vaultex Isle of Man Insurance Limited Isle of Man 1 Ordinary shares 
50.00
Joint ventures 








HCM Holdings Limited England and Wales 0.01 Ordinary shares 
51.00
GSI Retail Property Holdings Limited Guernsey 1.00 Ordinary shares 
50.00
HSBC Life Insurance Company Limited China CNY1.00 Ordinary shares 
50.00
HSBC Kingdom Africa Investments (Cayman) Limited Cayman Islands $1.00 Ordinary shares 
50.00
Urban Solutions Cardiff Holdings Limited England and Wales 1.00 Ordinary B shares 
50.00
Urban Solutions Greenwich Holdings Limited England and Wales 1.00 Ordinary B shares 
50.00
Urban Solutions (Greenwich) Limited England and Wales 1.00 Ordinary shares 
50.00
Vaultex UK Limited England and Wales 1.00 Ordinary shares 
50.00
HSBC Jintrust Fund Management Company Limited China CNY1.00 Registered Capital shares 
49.00
Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited India INR10.00 Ordinary shares 
26.00
Associates 








HSBC Amanah Takaful (Malaysia) Berhad Malaysia RM50.00 Ordinary shares 
49.00
HSBC Middle East Securities L.L.C United Arab Emirates AED1,000.00 Ordinary shares 
49.00
Spire Topco Hotels Limited England and Wales 0.01 A and 0.01 B shares 
46.79
SABB Takaful Saudi Arabia SAR10.00 Ordinary shares 
45.50
AREIT Management Ltd Cayman Islands $1.00 Ordinary A shares 
41.90
Rewards Management Middle East FZ LLC United Arab Emirates AED1,000.00 Ordinary shares 
40.00
The Saudi British Bank Saudi Arabia SAR10.00 Ordinary shares 
40.00
EPS Company (Hong Kong) Limited Hong Kong HK$250,000 Ordinary shares 
38.66
Jeppe Star Limited Virgin Islands, British 1.00 Ordinary shares 
34.00
Novo Star Limited Virgin Islands, British $100.00 Ordinary shares 
34.00
Chemi & Cotex (Rwanda) Limited Rwanda RWF1,000 Ordinary shares 
34.00
Chemi & Cotex Kenya Limited Kenya KES100 Ordinary shares 
33.33
MENA Infrastructure Fund (GP) Ltd United Arab Emirates $1.00 Ordinary shares 
33.33
SCI Karuvefa Guadeloupe 1.00 Parts shares 
33.33


Associates (continued) Country Security Direct (%) Total (%)





CFAC Payment Scheme Limited England and Wales 1.00 Preference shares 
33.33
Trinkaus Europa Immobilien-Fonds Nr. 7 Frankfurt Mertonviertel KG Germany Limited partnership with no shares 
33.10
GZHS Research Co Ltd China RMB Common stock 
33.00
Hampton Owners LLC United States Limited liability company
- no shares 
25.82
Trinkaus Europa Immobilien-Fonds Nr. 4 Objekte Basel NauenstrasseKG Germany Limited partnership with no shares 
25.11
Ashwood Energy Limited Virgin Islands, British US$1.00 Ordinary shares 
25.00
House Network Sdn Bhd Malaysia RM1.00 Ordinary shares 
25.00
Rosimian Limited England and Wales 0.01 B shares 
25.00
The London Gold Market Fixing Limited England and Wales Limited by guarantee
- no share capital 
25.00
GIE GNIFI New Caledonia No shares 
25.00
sino AG Germany 1.00 Common stock 
25.00
Icon Brickell LLC United States Limited liability company
- no shares 
24.90
Business Growth Fund plc England and Wales 1.00 Ordinary shares 
23.98
NAS Holding Limited Virgin Islands, British Ordinary share of no par value 
22.13
NAS United Healthcare Services LLC Virgin Islands, British Ordinary share of no par value 
22.13
Bank of Communications Co., Ltd China CNY1.00 H shares 
19.03





1 Management has determined that these subsidiaries are excluded from consolidation in the Group accounts as these entities do not meet the definition of subsidiaries in accordance with IFRSs. HSBC's consolidation policy is described in Note 1(g).

This information is provided by RNS
The company news service from the London Stock Exchange
  END
ACSUWANRNRAOAAR

HSBA — HSBC Holdings News Story

REG - HSBC Holdings PLC - Annual Financial Report - 54 of 56 <Origin Href="QuoteRef">HSBA.L</Origin> - Part 1

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Subsidiaries (continued)	Country	Security	Direct (%)	Total (%)

Banco Losango S.A Banco Multiplo	Brazil	BRL Ordinary shares		100
Banco Nominees (Guernsey) Limited	Guernsey	1.00 Ordinary shares		100
Banco Nominees 2 (Guernsey) Limited	Guernsey	1.00 Ordinary shares		100
Banco Nominees Limited	Bermuda	BMD2.40 Ordinary shares		100
Bank of Bermuda (Cayman) Limited	Cayman Islands	$1.00 Ordinary shares		100
Bank of Bermuda (Insurance Brokers) Limited	Bermuda	BMD1.00 Common shares		100
Beijing Miyun HSBC Rural Bank Company Limited	China	CNY1.00 Registered Capital shares		100
Beneficial Commercial Holding Corporation	United States	$100.00 Common shares		100
Beneficial Company LLC	United States	Limited liability company - no shares		100
Beneficial Consumer Discount Company	United States	$100.00 Common shares		100
Beneficial Direct, Inc.	United States	$100.00 Ordinary shares		100
Beneficial Financial I Inc.	United States	$1.00 Common shares		100
Beneficial Florida Inc.	United States	$100.00 Common shares		100
Beneficial Kentucky Inc.	United States	$100.00 Common shares		100
Beneficial Loan & Thrift Co.	United States	$25.00 Common shares		100
Beneficial Louisiana Inc.	United States	$100.00 Common shares		100
Beneficial Maine Inc.	United States	$100.00 Common shares		100
Beneficial Management Corporation of America	United States	$10.00 Common shares		100
Beneficial Massachusetts Inc.	United States	$100.00 Common shares		100
Beneficial Michigan Inc.	United States	$ Common shares		100
Beneficial Mortgage Corporation	United States	$100.00 Common shares		100
Beneficial New Hampshire Inc.	United States	$100.00 Common shares		100
Beneficial New York Inc.	United States	$100.00 Common shares		100
Beneficial Oregon Inc.	United States	$100.00 Common shares		100
Beneficial Rhode Island Inc.	United States	$100.00 Common shares		100
Beneficial South Dakota Inc.	United States	$ Common shares		100
Beneficial Tennessee Inc.	United States	$100.00 Common shares		100
Beneficial West Virginia, Inc.	United States	$1.00 Common shares		100
Beneficial Wyoming Inc.	United States	$100.00 Common shares		100
BerCay Holdings Limited	Cayman Islands	$20.00 Ordinary shares		100
Bermuda Asia Pacific Holdings Limited	Cook Islands	$1.00 Ordinary shares		100
Bermuda International Securities Limited	Bermuda	BMD1.00 Ordinary shares		100
Bermuda Trust (St Helier) Limited	Jersey	$1.00 Ordinary shares		100
Bermuda Trust Company Limited	Bermuda	BMD1.00 Common shares		100
Bermuda Trust Executors (Jersey) Limited	Jersey	1.00 Shares		100
BFC Insurance Agency of Nevada	United States	$ Ordinary shares		100
Billingsgate City Securities Public Limited Company	England and Wales	0.01 Ordinary shares		100
Billingsgate Nominees Limited	England and Wales	1.00 Issued shares		100
Cabot Park Holdings, Inc.	United States	$1.00 Common shares		100
Cal-Pacific Services, Inc.	United States	$100.00 Ordinary shares		100
Canada Crescent Nominees (UK) Limited	England and Wales	1.00 Ordinary shares		100
Canada Square Nominees (UK) Limited	England and Wales	1.00 Ordinary shares		100
Canada Square Property Participations Limited	England and Wales	1.00 Ordinary shares		100
Canada Water Nominees (UK) Limited	England and Wales	1.00 Ordinary shares		100
Capco/Cove, Inc.	United States	$1.00 Common shares		100
Capital Financial Services Inc.	United States	$1.00 Common shares		100
Card-Flo #1, Inc.	United States	$1.00 Common shares		100
Card-Flo #3, Inc.	United States	$0.01 Common shares		100
Castlewood Limited	Cook Islands	$ Ordinary shares		100
Cayman International Finance Limited	Cayman Islands	$1.20 Ordinary shares		100
Cayman Nominees Limited	Cayman Islands	KYD2.00 Ordinary shares		100
CBS/Holdings, Inc.	United States	$1.00 Common shares		100
CC&H Holdings LLC	United States	Limited liability company - no shares		100
CCF & Partners Asset Management Limited	England and Wales	1.00 Ordinary shares		100
CCF Charterhouse GmbH	Germany	1.00 Actions shares		100
CCF Charterhouse GmbH & Co Asset Leasing KG	Germany	Limited partnership - no shares		100
Charterhouse Administrators (D.T.) Limited	England and Wales	1.00 Ordinary shares		100
Charterhouse Development Limited	England and Wales	1.00 Ordinary shares		100
Charterhouse Finance Corporation Limited	Scotland	1.00 Ordinary shares		100
Charterhouse Management Services Limited	England and Wales	1.00 Ordinary shares		100
Charterhouse Pensions Limited	England and Wales	1.00 Ordinary shares		100
Chemi and Cotex Industries Limited	Tanzania, United Rep. of	TZS1.00 Ordinary shares		100
Chongqing Dazu HSBC Rural Bank Company Limited	China	CNY1.00 Registered Capital shares		100
Chongqing Fengdu HSBC Rural Bank Company Limited	China	CNY1.00 Registered Capital shares		100
Chongqing Rongchang HSBC Rural Bank Company Limited	China	CNY1.00 Registered Capital shares		100
CL Residential Limited	England and Wales	1.00 Ordinary shares		100
Compass Nominees Limited	Bermuda	BMD1.00 Common shares		100
Compass Services Limited	Bermuda	$1.00 Ordinary shares		100
Cordico Management AG	Switzerland	CHF1,000.00 Ordinary shares		100
Corhold Limited	Virgin Islands, British	$1.00 Bearer shares		100
Credival Participacoes Administracao e Assessoria Ltda	Brazil	BRL0.01 Quota shares		100
Crewfleet Limited	England and Wales	1.00 Ordinary shares		100
Dalian Pulandian HSBC Rural Bank Company Limited	China	CNY1.00 Registered Capital shares		100

Associates (continued)	Country	Security	Direct (%)	Total (%)

CFAC Payment Scheme Limited	England and Wales	1.00 Preference shares		33.33
Trinkaus Europa Immobilien-Fonds Nr. 7 Frankfurt Mertonviertel KG	Germany	Limited partnership with no shares		33.10
GZHS Research Co Ltd	China	RMB Common stock		33.00
Hampton Owners LLC	United States	Limited liability company - no shares		25.82
Trinkaus Europa Immobilien-Fonds Nr. 4 Objekte Basel NauenstrasseKG	Germany	Limited partnership with no shares		25.11
Ashwood Energy Limited	Virgin Islands, British	US$1.00 Ordinary shares		25.00
House Network Sdn Bhd	Malaysia	RM1.00 Ordinary shares		25.00
Rosimian Limited	England and Wales	0.01 B shares		25.00
The London Gold Market Fixing Limited	England and Wales	Limited by guarantee - no share capital		25.00
GIE GNIFI	New Caledonia	No shares		25.00
sino AG	Germany	1.00 Common stock		25.00
Icon Brickell LLC	United States	Limited liability company - no shares		24.90
Business Growth Fund plc	England and Wales	1.00 Ordinary shares		23.98
NAS Holding Limited	Virgin Islands, British	Ordinary share of no par value		22.13
NAS United Healthcare Services LLC	Virgin Islands, British	Ordinary share of no par value		22.13
Bank of Communications Co., Ltd	China	CNY1.00 H shares		19.03