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📅 July 3, 7:00 – July 9,
JPMorgan: Standard Chartered Bank is the main beneficiary of RMB internationalization, maintaining a rating of Overweight.
On July 4, JPMorgan released a research report stating its optimistic outlook for Standard Chartered Bank (02888.HK), a Hong Kong-listed company. It listed Standard Chartered Bank as its top pick among Hong Kong bank stocks, noting that the bank is less affected by the reduction in Hong Kong interbank lending rates and the risks in the Hong Kong commercial real estate sector. It is a major beneficiary of the internationalization of the Renminbi and has a clearer digital asset development strategy, allowing it to better withstand the impact of stablecoins compared to its peers. JPMorgan set its target price at HKD 135, with a rating of Overweight.