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Standard Chartered Bank

Donald Trump’s return to the White House could prove to be boon for Asia, as investments are directed to the region, bankers said at the Global Financial Leaders’ Investment Summit on Tuesday. Photo: Getty Images/TNS

‘China plus one’ strategy to boost Asia’s growth amid Trump’s trade war

Diverting investments from China to neighbouring economies as a hedge against tariffs and geopolitical risks will boost Asia’s growth, HSBC’s Elhedery says.

Hong Kong to issue HK$20 billion retail infrastructure bond

Hong Kong’s base interest rate drops to 5% in second cut

Standard Chartered’s Priority Private emphasises financial goals and lifestyle experiences

Priority Private marked its fifth anniversary with an exclusive suite of global experiences for its clients and their upcoming generations.

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Eliza Law, managing director and head of affluent segment and distribution for wealth and retail banking at Standard Chartered Hong Kong.

Chinese market regulator grants HSBC domestic fund custody licence

Lender joins four other foreign banks with right to provide custody services to onshore funds domiciled in mainland China.

Standard Chartered to focus on wealth business, sell units after upbeat earnings

Net profit for the June to September period handily beat analysts’ estimates of US$886 million.

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Exclusive | Hong Kong to turn bankers’ summit into calendar ‘anchor’ on popular demand

The summit is pivoting from the publicity objective of its 2022 inaugural edition to making Hong Kong the venue to discuss issues that affect global banking.

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Chief Executive of Hong Kong SAR John Lee Ka-chiu (right) and Financial Secretary Paul Chan Mo-po during the second Global Financial Leaders’ Investment Summit at the Four Seasons Hotel in Central on 7 November 2023. Photo: May Tse.

Hong Kong banks pledge US$47 billion in loans for struggling SMEs

SMEs will be able to access necessary financing to cope with the city’s evolving business environment, HKMA deputy CEO Arthur Yuen says.

Hong Kong banks lure mainland clients with special incentives during golden week

Hong Kong banks are pulling out all the stops to attract mainland tourists, offering everything from fireworks dinners to golf with famous players.

Lower costs, stronger EM links boost yuan’s appeal in trade finance, bank says

The yuan’s funding costs for trade finance are about 3 percentage points lower than loans priced in the US currency, Standard Chartered says.

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The yuan’s appeal as a funding currency for trade finance is not at risk. Photo: Enoch Yiu

High level of yuan deposits cements Hong Kong’s offshore hub role

Improvement in equity-market sentiment and companies’ increasing need for yuan are driving the surge in deposits, according to analysts.

Deposits of yuan in Hong Kong exceeded 1 trillion yuan for the fourth straight month. Photo: Shutterstock

Hong Kong’s launch of wCBDC sandbox takes it closer to tokenised market

Six participants, including HSBC, Standard Chartered and Bank of China (Hong Kong), showcased test cases that will be explored to boost scale and interoperability.

Hong Kong banks pledge to ease loans in HKMA’s plan to help SMEs

Hong Kong’s business owners are cash-starved, as interest rates hover at the highest level in almost two decades.

Standard Chartered to revamp M&A team to focus on target sectors, efficiency

The Internal revamp at the UK lender will eliminate 20 roles globally and double the number of M&A bankers to 100, according to a Reuters report on Monday.

Visitors leave the headquarters of Standard Chartered in London. Photo: Bloomberg

Hong Kong virtual bank Mox starts bitcoin, ether ETF trading

Mox says it is the first virtual bank to offer spot cryptocurrency ETFs as part of an effort to offer a holistic banking and investing solution to customers.

Hong Kong-based virtual bank Mox is expanding with its first crypto-related service offering ETFs. Photo: Handout

Hong Kong to explore easing visitor rules with 3 Asean countries, John Lee says

City leader says ‘fruitful’ six-day trip to Laos, Cambodia and Vietnam resulted in 55 cooperation agreements and promoted people-to-people exchanges.

Standard Chartered announces record share buy-back after profits beat estimates

The Hong Kong-listed bank, which reported a 15 per cent increase in second-quarter pre-tax profit to US$1.8 billion, said it would buy-back US$1.5 billion of shares.

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Banks need more government help to backstop SMEs’ finance needs: HSBC co-CEO

Big data, AI and blockchain tech are raising financial inclusivity, top Moody’s and Standard Chartered executives say at Lujiazui forum.

The logos of HSBC and Standard Chartered adorn their buildings in Central, Hong Kong. Photo: Nora Tam

No relief for borrowers as six Hong Kong banks keep interest rates unchanged

HSBC, Hang Seng Bank, BOCHK, DBS, Standard Chartered and Citibank all kept their rates the same in the wake of the Fed’s decision on Thursday.

Hong Kong keeps base rate steady as Fed dials back signal

Hong Kong’s de facto central bank kept its base rate unchanged for the seventh time as traders in the financial markets shift their focus to September in expectation of the first cut in borrowing costs.

Hong Kong’s Swap Connect a key puzzle piece for overseas investors, bankers say

Enhanced mechanism set to boost international investors’ confidence in the onshore bond market and further internationalise the yuan, according to industry experts.

A bull statue in front of the Shenzhen Stock Exchange building in Shenzhen, China, pictured on May 7, 2024. Photo: Bloomberg

HSBC,Standard Chartered press Sunak to ease proposed clampdown on China business

Banks like HSBC and Standard Chartered are urging the British government to amend a proposed legislation that aims to impose restrictions on doing business in China.

Signage at a Standard Chartered Plc bank branch in Hong Kong, China, on Wednesday, Aug. 16, 2023. Standard Chartered’s Asia Chief Executive Officer Benjamin Hung is convinced the Chinese wealth spigots will keep on flowing. Photo:Bloomberg

Hong Kong banks to tap city’s Golden Week visitors drawn by residency scheme

Mainland China visitors to Hong Kong during the golden week holiday period will be offered a host of freebies by banks vying for their business amid growing interest in the city’s cash-for-residency scheme.

Hong Kong SMEs’ business confidence shaky as consumer spending remains a concern

Hong Kong SMEs’ confidence in the second-quarter business outlook has improved slightly, but it remains well below the year-earlier level when confidence soared on the back of border reopening, survey shows.

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Tech entrepreneur Yat Siu helps reshape digital space

The co-founder of Animoca Brands reveals how the metaverse can create new experiences that mimic life – with fairer rules for all – and also answers the question of how to spend HK$8 million.

In partnership with:
Standard Chartered Bank
Yat Siu, whose company, Animoca Brands, creates digital property rights for gamers, believes life is like a game in itself, but not well designed for most people.

Transition finance seen as a crucial tool in the fight against climate change

With the world facing a US$4 trillion green investment gap a year, transition finance will grow in importance because of regulatory support in Asia, experts say.

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The global sustainable finance market has grown at least tenfold in the past decade. Photo: Shutterstock

Major Hong Kong lenders leave interest rates unchanged

HSBC, Standard Chartered and BOCHK – the city’s three note-issuing banks – will keep their lending and deposit rates unchanged, meaning borrowers will have to keep waiting for interest relief.

Standard Chartered CEO contender Cooper leaves as UK bank tweaks top China jobs

Simon Cooper, a frontrunner to replace CEO Bill Winters, is set to depart. Judy Hsu will take on more responsibility in consumer and private banking, while Asia chief Ben Hung will become president of international business.

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Standard Chartered Bank
Standard Chartered is one of Hong Kong's biggest banks. Its name is derived from the two banks from which it was formed in a merger in 1969: The Chartered Bank of India, Australia and China, and Standard Bank of British South Africa. Its headquarters are located in London.
Chairman / President
José Viñals
CEO / Managing Director
Bill Winters
CFO / Finance Director
Diego De Giorgi
Industry
Banking, Financial services
Website
sc.com
Headquarters address
1 Basinghall Avenue, London, EC2V 5DD, United Kingdom
Stock Code
LSE:STAN, SEHK:2888, NSE:STAN
Year founded
1969
last updated:
30 September, 2024
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