XG3L/2043
SUPERVISORY COMFORT LETTER
The Commissioner of Banking
Queensway Government Offices 28/F, 66 Queensway
Hong Kong
Dear Sir
HSBC Holdings plc Group Head Office 10 Lower Thames Street London EC3R 6AE
The Hongkong and Shanghai Banking Corporation Ltd ("the Company")
With the objective of better enhancing the financial standing of the Company, we state and confirm the following:-
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% of the
We are the legal and beneficial owners of paid up share capital of the Company. It is our present intention to maintain that percentage holding in the Company. We undertake to inform you forthwith of any
changes in that intention and to consult you in advance of any likely decrease in that percentage holding.
It is in our interest that the Company continues to conduct its business as an Authorised Institution under, and in conformity with, the provisions of the Banking Ordinance.
It is in our interest that the Company and its subsidiaries should meet their financial obligations. It is our policy to provide the Company with such support and assistance as may be required to ensure that it maintains capital and