Hang Seng Bank responds to layoff rumors: appropriate adjustments will be made to meet market conditions and customer needs, including optimizing functions and adjusting business structure.

According to reports, HSBC has been gradually laying off employees in multiple departments since March, including the logistics support department, the strategy and corporate development department, the information technology department, the corporate communications department, and HSBC Index Company, among others. It is reported that the layoffs are expected to be completed by the end of June, with the affected departments reducing their staff by about 10% to 20%, and some departments reducing their staff by about half. In response to media inquiries, a spokesperson for HSBC stated that in order to address the rapidly changing market environment and increasingly diverse customer needs, the bank regularly reviews its business portfolio and operations, and will make appropriate adjustments, including optimizing or innovating new functions, adjusting business structures, and enhancing employee skills, in order to better provide quality services to customers.