HSBC Holdings (02888): Continue to strategically invest in Hong Kong, expand wealth management center network and cross-border business.

2026-05-20 14:36

Zhitongcaijing
Standard Chartered held its group investor event in Hong Kong again after three years, demonstrating the strategic importance of Hong Kong as Standard Chartered's largest market in terms of business and profit contribution, as well as reflecting its confidence in Hong Kong's future development and long-term investment commitment.
On May 19th, Standard Chartered Group (02888) held an investor event in Hong Kong. Stanley Harri, the Head of International Banking at Standard Chartered, stated that in the Hong Kong market, the bank will continue its strategic investments in Hong Kong, including expanding its wealth management center network and cross-border business, to seize the opportunities brought by the growth of wealth in the region, the internationalization of the renminbi, and the reshaping of cross-border fund flows. The 7th wealth management center in Causeway Bay is about to open, reflecting the bank's strategic deployment to strengthen growth momentum.
He pointed out that Standard Chartered is holding the investor event in Hong Kong again after three years, demonstrating the strategic importance of Hong Kong as the bank's largest business and profit contributor, and reflecting its confidence and long-term investment commitment to Hong Kong's future development.
Harri stated that Standard Chartered's focus on cross-border and wealth banking in recent years has shown results, achieving its mid-term financial targets for 2026 a year ahead of schedule. Standard Chartered has announced a new three-year plan, which focuses on high-quality and diversified growth, leveraging its unique network and product service capabilities to double its competitive advantage. By prudently allocating capital, optimizing operations, deepening network connectivity, and customer relationships; and prioritizing investments in potential growth areas to amplify overall compounded effects.
As Standard Chartered enters a new phase of compounded growth, the Group has set new mid-term targets, including aiming to achieve a tangible return on equity of over 15% by 2028 and around 18% by 2030; achieving a high-teens compound annual growth rate in earnings per share from 2025 to 2028, and a 5% to 7% compound annual growth rate in revenue, gradually increasing dividends per share, maintaining a dividend payout level of 30% or higher, further creating sustainable returns for shareholders.