JPMorgan: Standard Chartered Bank is the main beneficiary of RMB internationalization, maintaining a rating of Hold

BlockBeats News, July 4th, JPMorgan Chase released a research report stating that it maintains an optimistic outlook on Standard Chartered Bank (02888.HK), a Hong Kong-listed company. Standard Chartered Bank is classified as the top pick among Hong Kong bank stocks. The bank is less affected by the Hong Kong Interbank Offered Rate reduction and Hong Kong commercial real estate risks. It is a major beneficiary of RMB internationalization and has a clearer digital asset development strategy, making it more resilient to stablecoin impact compared to its peers. JPMorgan Chase has set a target price of 135 Hong Kong dollars and rated it as Overweight.