FORM 6
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16
of
the Securities Exchange Act of 1934
For the month of October 2008
HSBC Holdings plc
42nd Floor, 8 Canada Square, London
E14 5HQ, England
(Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F).
Form 20-F X
Form 40-F
......
(Indicate by check mark whether the registrant
by furnishing the information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934).
Yes.......
No X
(If "Yes" is marked, indicate below the file
number assigned to the registrant in connection with Rule 12g3-2(b): 82-
..............).
HSBC FURTHER STRENGTHENS CAPITAL BASE OF UK SUBSIDIARY FROM GROUP'S OWN
RESOURCES
HSBC Holdings plc has today further strengthened the capital base of it
s
UK subsidiary, HSBC Bank plc,
fulfilling its
agreed
commitment to the
UK government's banking sector scheme announced yesterday,
through an equity injection of
£750million, representing
one per cent
of the total shareholders' equity of the HSBC Group
as at 30 June 2008.
The capital injection has been funded from the Group's own resources.
As previously announced, HSBC has no plans to utilise the
UK
government's recapitalisation initiative. With a tier one capital ratio of
8.8
per cent
and a loan to deposit ratio of 90
per cent
as at 30 June 2008, the Group remains one of the most strongly capitalised
and liquid banks in the world.
HSBC also continues to support efforts to stabilise the operation of financial
markets and over the last three days has provided significant amounts of liquidity
to the London Sterling interbank market, lending around £4 billion of
three-month and six-month money to other banks. HSBC will continue to support
the
London
interbank market.
Media enquiries to
:
Patrick McGuinness on 020 7991 0111 or at
p
atrickmcguinness@hsbc.com
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered
in
London
. The Group serves customers worldwide from more than 9,500 offices in 85
countries and territories in Europe, the Asia-Pacific region, the
Americas
, the Middle East and
Africa
. With assets of US$2,547 billion at 30 June 2008, HSBC is one of the world's
largest banking and financial services organisations. HSBC is marketed
worldwide as 'the world's local bank'
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
HSBC Holdings plc
By:
Name: P A Stafford
Title: Assistant Group Secretary
Date:
October 09, 2008