...Ratings Reflect Group Strength: HSBC Holdings plc's global network, which includes strong retail franchises in Hong Kong and the UK, and the group's ability to service clients globally are rating strengths and competitive advantages. The group's company profile has a high influence on the Issuer Default Ratings (IDRs) and Viability Rating (VR). Low Risk Appetite: The ratings also reflect the group's low risk appetite, which Fitch Ratings does not expect to increase despite planned business growth. This expectation takes into account the group's solid capitalisation, stable and robust funding, and strong ability to generate capital over economic cycles. Strategic Focus on Growth, Returns: HSBC's latest strategic update confirmed its plans to accelerate growth, and improve revenue generation and operating profitability. The group targets expansion in Hong Kong, the Pearl River Delta and in ASEAN countries. HSBC also aims to achieve mortgage growth in the UK. Other targets include growth in...
