Director Shareholding

HSBC Holdings PLC
12 May 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

HSBC Holdings plc

2) Name of director

Sir John Bond

3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest

In respect of the Director


4) Name of the registered holder(s) and, if more than one holder, the
number of bonds held by each of them (if notified)

Turnsonic Nominees Limited 7,457
HSBC Nominees (Hong Kong) Limited 62,831
Abacus Corporate Trustees Limited 528,592
Computershare Trustees Limited Account SIP 301
HSBC Private Banking Nominee 1 (Jersey) Limited 73,000
Sir John Bond 234,510


5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

In respect of the Director


6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary

i) Acquisition/scrip dividend on conditional award under Restricted Share Plan
(15,562 shares)

ii) Acquisition/dividend reinvestment on shares held in HSBC Holdings UK Share
Ownership Plan (8 shares)

iii) Acquisition/scrip dividend (902 shares)


7) Number of shares/amount of stock acquired

16,472


8) Percentage of issued class

De minimis

9) Number of shares/amount of stock disposed


10) Percentage of issued class


11) Class of security

Ordinary shares of US$0.50 each.


12) Price per share

i)and iii) - US$10.7146

ii) - £6.945


13) Date of transaction

6 May 2003


14) Date company informed

9 May 2003

15) Total holding following this notification

906,691

16) Total percentage holding of issued class following this notification

De minimis

If a director has been granted options by the company please complete the
following boxes

17) Date of grant

18) Period during which or date on which exercisable

19) Total amount paid (if any) for grant of the option

20) Description of shares or debentures involved: class, number

21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise

22) Total number of shares or debentures over which options held
following this notification

23) Any additional information

24) Name of contact and telephone number for queries

Robert Musgrove, Assistant Secretary 020 7992 1504


25) Name and signature of authorised company official responsible for
making this notification

As in 24) above


Date of Notification 12 May 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange