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Standard Chartered Bank

View of Hong Kong from the Hong Kong Monetary Authority (HKMA) headquarters at IFC in Central district on October 9, 2024. Photo: May Tse

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

Together with the half-percentage-point cut in September, Hong Kong’s key rate has now fallen back to February 2023’s level.

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

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Chinese market regulator grants HSBC domestic fund custody licence

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.

London-based Standard Chartered generates much of its earnings in Asia. Photo: Reuters

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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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.

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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.

Hong Kong banks are tempting clients with a range of activities including fireworks dinners during the ongoing golden week holiday. Photo: May Tse

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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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.

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.

The HKMA has launched a wholesale central bank digital currency sandbox, which will test a new financial market infrastructure that facilitates all the stages of a tokenised asset transaction. Photo: Shutterstock

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.

People crossing the street in Hong Kong’s Central district on 7 October 2021. Photo: Sam Tsang.

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.

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 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.

John Lee checks out the goods at a Hong Kong firm’s shirt factory in Vietnam. Photo: ISD

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.

Standard Chartered reported upbeat profits for the second quarter on the back of improved performance by its wealth division. Photo: Bloomberg

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.

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.

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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.

A pedestrian walks past a billboard displaying various currency notes outside a foreign exchange shop in Sheung Wan on 21 October 2022. Photo: Yik Yeung -man.

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.

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.

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.

Mainland tourists visit in Tsim Sha Tsui. Photo: Sam Tsang

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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Shoppers flock to Victoria Park on last day of the Hong Kong Brands and Products Expo in January. Photo: Yik Yeung-man

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.

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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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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.

People walk past a lion sculpture outside HSBC’s headquarters building in Central, Hong Kong. Photo: Eugene Lee

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.

The Standard Chartered logo is seen at the bank’s headquarters in London, Photo: Reuters

100 Top Tables 2024: Hong Kong and Macau’s best restaurants and bars – revealed

Now in its 12th edition, the South China Morning Post’s 100 Top Tables fine dining guide was launched to the cream of the city’s dining scene at the Peninsula Hong Kong

Exclusive | CBDC pilot boosts Hong Kong’s blockchain, international hub credentials: Yue

‘We’ve always been at the cutting edge of the whole blockchain evolution, including CBDCs,’ Yue, CEO of the Hong Kong Monetary Authority, the city’s de facto central bank, tells the Post.

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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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