Changes in Hong Kong stocks | Bank of Hong Kong stocks continued to rise, HSBC Holdings (00005) and Standard Chartered Group (02888) hit new highs

The Zhitong Finance App learned that Bank of Hong Kong stocks continued to rise in early trading, and the stock prices of Foreign Exchange Control and Standard Chartered reached new highs. As of press release, HSBC Holdings (00005) rose 2.81% to HK$117.2; Standard Chartered Group (02888) rose 2.09% to HK$180.7.

According to the news, the Federal Reserve previously announced a 25 basis point cut in interest rates and announced that it will begin expanding its balance sheet and purchasing 40 billion US dollars of short-term treasury bonds this month. According to the Bank of America Securities Research Report, HSBC Holdings is expected to achieve significant growth in two areas next year, including Hong Kong deposit business and Asian wealth management business. It believes that foreign exchange control has significant competitive advantages in these two areas, and management has also promised to increase investment in related fields. It is expected that increased resource allocation will further enhance its competitive advantage and increase its market share.

Goldman Sachs, on the other hand, released a research report saying that although Standard Chartered's Hong Kong stock price has risen 83% since this year, it believes there is still room for further revaluation. Goldman Sachs anticipates that by the end of this year, Standard Chartered's underlying risk-adjusted return on shareholders' equity (ROTE) will reach 14.6%, surpassing management's 13% guidance, and further rising to 15% in 2027 and 15.7% in 2028. As a result, the bank expects Standard Chartered Group to raise its mid-term ROTE guidelines in the 2025 earnings report or the Investor Day event to be held in May 2026, which may be a further catalyst for the stock price.