What China stimulus means for HSBC and Standard Chartered By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 01 2024
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Source: Investing.com
Chinese Economic Measures: Chinese authorities have implemented fiscal and monetary policies, including mortgage rate reductions and a cut in the reserve requirement ratio, to stimulate the economy, with significant impacts expected on state-owned banks like Bank of Communications.
HSBC and Standard Chartered Exposure: HSBC and Standard Chartered are positioned to benefit from a stronger domestic Chinese economy, with HSBC's stake in BoCom being a key asset, although uncertainties remain regarding potential capital injections affecting their valuations.
Analyst Views on HSBC
About HSBC
HSBC Holdings plc (HSBC) is a banking and financial services company. Its business segments include Hong Kong, UK, Corporate and Institutional Banking (CIB), and International Wealth and Premier Banking (IWPB). Its Hong Kong business comprises retail banking and wealth and commercial banking of HSBC Hong Kong and Hang Seng Bank. Its UK business comprises UK retail banking and wealth (including first direct and M&S Bank) and UK commercial banking, including HSBC Innovation Bank. The CIB segment is formed from the integration of its commercial banking business (outside the UK and Hong Kong) with its global banking and markets business. The IWPB segment comprises premier banking outside of Hong Kong and the UK, its global private bank, and its asset management, insurance and investment distribution businesses. Its customers worldwide through a network covering 58 countries and territories. Its customers range from individual savers and investors to companies, governments and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
