HSBC Profits Up But Faces Headwinds from China Exposure and Global Tensions

• HSBC profits from rising interest rates in 2022, expects headwinds in 2024 • Economic and political challenges loom in China, HSBC's key market • US-China tensions over trade or Taiwan could undermine HSBC’s business there • HSBC remains heavily exposed to China despite economic crisis and global tensions • HSBC set to announce $2 billion in share buybacks in upcoming earnings report