Stanchart Reports 40% Year-on-Year Growth in New Cross-Border Affluent Clients in GBA for Q1-Q3 2025
Wealth Management Centre Opening: Standard Chartered has opened its first Wealth Management Centre in Shenzhen, Greater Bay Area, to cater to the increasing wealth management demands of clients in the region.
Growth in Affluent Clients: The bank reported a 40% year-on-year increase in new cross-border affluent clients in the Greater Bay Area during the first three quarters of 2025.
Strengthening Wealth Management Network: The establishment of the Wealth Management Centre is expected to enhance Standard Chartered's wealth management network within the Greater Bay Area.
Rising Affluence in Asia: The growth of affluent individuals in Asia is identified as a significant factor driving global wealth expansion, according to Judy Hsu, CEO of Wealth & Retail Banking at Standard Chartered.
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STANCHART Names Former UBS Banker Raza Jafree as Global Head of Private Client Sales
Appointment Announcement: Standard Chartered has appointed Raza Jafree as the global head of private client sales.
Role Responsibilities: Jafree will focus on creating partnerships between corporate and investment banking and wealth and retail banking to cater to family offices and ultra-high-net-worth clients.
HSI Drops 325 Points or 1.2% as AIA Declines Over 5%; NIO-SW Rises Approximately 7%
Market Performance: The HSI fell 325 points (1.2%) to close at 26,559, with the HSCEI and HSTECH also experiencing declines of 0.7% and 1.1%, respectively, amid a total market turnover of $247.865 billion.
Financial Sector Decline: Major financial stocks like HSBC and AIA saw significant drops of 2.7% and 5.5%, respectively, with short selling ratios indicating increased bearish sentiment.
Volatile Commodities Market: The commodities sector faced volatility, with stocks like CHI SILVER GP and MMG declining over 3%, while jewelry stock LAOPU GOLD also lost 2.32%.
Automakers' Gains: In contrast, automakers such as BYD and NIO saw gains, with NIO rising 6.9% after announcing its first profit, while battery stock CATL increased by 1.8%.
Major Financial Stocks Plummet: AIA Drops 5.5% Below 10-Day and 20-Day Moving Averages, HSBC Holdings Falls Over 3%
Market Performance: Major financial stocks experienced declines, with AIA dropping 4.86% to HKD84.1, while HSBC fell 3.39% to HKD133.8 amid rising short-selling ratios.
Short Selling Data: AIA had a short-selling volume of $764.68M and a ratio of 30.677%, while HSBC's short-selling volume was $738.89M with a ratio of 35.568%.
Other Financial Stocks: HKEX and Standard Chartered also saw declines, with HKEX down 1.59% to HKD407.8 and Standard Chartered down 2.78% to HKD195.6.
Market Outlook: Despite the downturn, Haitong International remains optimistic about AIA's growth prospects for 2026/2027, raising its target price to $108.5.
Major Financial Stocks Tumble as AIA Drops 5.5% Below 10/20 Moving Averages and HSBC Falls Over 3%
Market Performance: Major financial stocks experienced declines, with AIA dropping 4.86% to HKD84.1, following a 2.5% downtrend from the previous day.
Short Selling Activity: AIA's short selling reached $439.69M with a ratio of 20.27%, while HSBC had a higher short selling of $500.64M and a ratio of 34.79%.
Other Financial Stocks: HSBC, HKEX, and Standard Chartered also saw declines, with HSBC down 3.39% to HKD133.8, HKEX down 1.59% to HKD407.8, and Standard Chartered down 2.78% to HKD195.6.
Trading Volume: AIA had a trading volume of 25.4 million shares, while HSBC and HKEX reported turnovers of HKD1.426 billion and HKD1.531 billion, respectively.
Stanchart Reports 40% Year-on-Year Growth in New Cross-Border Affluent Clients in GBA for Q1-Q3 2025
Wealth Management Centre Opening: Standard Chartered has opened its first Wealth Management Centre in Shenzhen, Greater Bay Area, to cater to the increasing wealth management demands of clients in the region.
Growth in Affluent Clients: The bank reported a 40% year-on-year increase in new cross-border affluent clients in the Greater Bay Area during the first three quarters of 2025.
Strengthening Wealth Management Network: The establishment of the Wealth Management Centre is expected to enhance Standard Chartered's wealth management network within the Greater Bay Area.
Rising Affluence in Asia: The growth of affluent individuals in Asia is identified as a significant factor driving global wealth expansion, according to Judy Hsu, CEO of Wealth & Retail Banking at Standard Chartered.
China and UK Aim to Restore 'Golden Era' Business Discussions During UK PM's Visit to China: Report
UK-China Business Dialogue: The UK and China are set to revive the "Golden Era" business dialogue during Prime Minister Keir Starmer's upcoming visit to China, with participation from major companies from both nations.
Participating Companies: Notable UK companies involved include AstraZeneca, BP, and HSBC, while Chinese firms include Bank of China and BYD Company.
Impact of US Politics: US President Donald Trump's comments regarding Greenland may influence Starmer's visit, highlighting the interconnectedness of international relations.
Visit Details: The UK is expected to announce specifics about Starmer's itinerary and visit arrangements soon, following the recent approval of a new site for the Chinese Embassy in the UK.
STANCHART Names Former UBS Banker Raza Jafree as Global Head of Private Client Sales
Appointment Announcement: Standard Chartered has appointed Raza Jafree as the global head of private client sales.
Role Responsibilities: Jafree will focus on creating partnerships between corporate and investment banking and wealth and retail banking to cater to family offices and ultra-high-net-worth clients.
HSI Drops 325 Points or 1.2% as AIA Declines Over 5%; NIO-SW Rises Approximately 7%
Market Performance: The HSI fell 325 points (1.2%) to close at 26,559, with the HSCEI and HSTECH also experiencing declines of 0.7% and 1.1%, respectively, amid a total market turnover of $247.865 billion.
Financial Sector Decline: Major financial stocks like HSBC and AIA saw significant drops of 2.7% and 5.5%, respectively, with short selling ratios indicating increased bearish sentiment.
Volatile Commodities Market: The commodities sector faced volatility, with stocks like CHI SILVER GP and MMG declining over 3%, while jewelry stock LAOPU GOLD also lost 2.32%.
Automakers' Gains: In contrast, automakers such as BYD and NIO saw gains, with NIO rising 6.9% after announcing its first profit, while battery stock CATL increased by 1.8%.
Major Financial Stocks Plummet: AIA Drops 5.5% Below 10-Day and 20-Day Moving Averages, HSBC Holdings Falls Over 3%
Market Performance: Major financial stocks experienced declines, with AIA dropping 4.86% to HKD84.1, while HSBC fell 3.39% to HKD133.8 amid rising short-selling ratios.
Short Selling Data: AIA had a short-selling volume of $764.68M and a ratio of 30.677%, while HSBC's short-selling volume was $738.89M with a ratio of 35.568%.
Other Financial Stocks: HKEX and Standard Chartered also saw declines, with HKEX down 1.59% to HKD407.8 and Standard Chartered down 2.78% to HKD195.6.
Market Outlook: Despite the downturn, Haitong International remains optimistic about AIA's growth prospects for 2026/2027, raising its target price to $108.5.
Major Financial Stocks Tumble as AIA Drops 5.5% Below 10/20 Moving Averages and HSBC Falls Over 3%
Market Performance: Major financial stocks experienced declines, with AIA dropping 4.86% to HKD84.1, following a 2.5% downtrend from the previous day.
Short Selling Activity: AIA's short selling reached $439.69M with a ratio of 20.27%, while HSBC had a higher short selling of $500.64M and a ratio of 34.79%.
Other Financial Stocks: HSBC, HKEX, and Standard Chartered also saw declines, with HSBC down 3.39% to HKD133.8, HKEX down 1.59% to HKD407.8, and Standard Chartered down 2.78% to HKD195.6.
Trading Volume: AIA had a trading volume of 25.4 million shares, while HSBC and HKEX reported turnovers of HKD1.426 billion and HKD1.531 billion, respectively.
Stanchart Reports 40% Year-on-Year Growth in New Cross-Border Affluent Clients in GBA for Q1-Q3 2025
Wealth Management Centre Opening: Standard Chartered has opened its first Wealth Management Centre in Shenzhen, Greater Bay Area, to cater to the increasing wealth management demands of clients in the region.
Growth in Affluent Clients: The bank reported a 40% year-on-year increase in new cross-border affluent clients in the Greater Bay Area during the first three quarters of 2025.
Strengthening Wealth Management Network: The establishment of the Wealth Management Centre is expected to enhance Standard Chartered's wealth management network within the Greater Bay Area.
Rising Affluence in Asia: The growth of affluent individuals in Asia is identified as a significant factor driving global wealth expansion, according to Judy Hsu, CEO of Wealth & Retail Banking at Standard Chartered.
China and UK Aim to Restore 'Golden Era' Business Discussions During UK PM's Visit to China: Report
UK-China Business Dialogue: The UK and China are set to revive the "Golden Era" business dialogue during Prime Minister Keir Starmer's upcoming visit to China, with participation from major companies from both nations.
Participating Companies: Notable UK companies involved include AstraZeneca, BP, and HSBC, while Chinese firms include Bank of China and BYD Company.
Impact of US Politics: US President Donald Trump's comments regarding Greenland may influence Starmer's visit, highlighting the interconnectedness of international relations.
Visit Details: The UK is expected to announce specifics about Starmer's itinerary and visit arrangements soon, following the recent approval of a new site for the Chinese Embassy in the UK.
