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HKG:2888

61 stories mentioning HKG:2888Updated 2d ago

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Asia

StanChart Signs MOUs With Uzbekistan Bank, China Environmental Firm

Standard Chartered (HKG:2888) signed memorandums of understanding with Uzbekistan state-owned bank Asakabank and Shanghai SUS Environment, according to a Thursday press release.The partnerships will cover cash management, foreign exchange and risk management, financing, debt capital markets and ESG advisory.The agreements are intended to support clients' trade, investment and growth ambitions while strengthening economic ties between Hong Kong and Central Asia.

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Asia

Standard Chartered to Fully Redeem 500 Million Euros of 10-Year Notes

Standard Chartered (HKG:2888) will buy back notes worth 500 million euros, issued in 2017 and maturing in 2027, from noteholders on Oct. 3, according to a Monday bourse filing.The bank said it would pay noteholders on Oct. 6, after which the notes will cease to trade on the London Stock Exchange that day.

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Asia

StanChart, Citi, Deutsche Bank Adopt Ant International's Forex AI Tool

Alibaba's (HKG:9988) Ant International launched Falcon Time-Series Transformer Model 2.0 to improve foreign-exchange risk and liquidity forecasting for cross-border payments, according to a Thursday press release.The fintech company said the upgraded AI model has been adopted by Barclays, Citi, Deutsche Bank and Standard Chartered (HKG:2888) for FX hedging and liquidity management.Ant International said the technology could also be applied beyond financial services, including demand forecasting for e-commerce platforms and predictive operations management in aviation.The model is designed to handle financial data across different time frequencies and distinguish missing data from zero values, while learning patterns across sectors including finance, retail, energy and tourism, the company said.

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Asia

HSBC, Standard Chartered Complete First Live Swift Tokenized Deposit Transaction

HSBC (HKG:0005) and Standard Chartered (HKG:2888) completed the first live cross-border bank-to-bank transaction using tokenized deposits on Swift's blockchain-based ledger, according to a joint statement issued Wednesday.The transaction recorded payment obligations as tokenized deposits on both banks' systems, with Swift's ledger matching and netting the obligations before final settlement through existing systems.The transaction is part of Swift's effort to enable 24/7 cross-border payments and improve liquidity efficiency.

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Asia

Avary Subsidiaries Secure Multi-Currency Credit Facilities

Avary Holding Shenzhen's (SHE:002938) board approved a series of new and renewed credit facility applications for its subsidiaries, according to a Wednesday filing on the Shenzhen bourse.The Chinese printed circuit board manufacturer will apply for a new credit facility worth 2.40 billion yuan at the Shenzhenbranch of China Merchants Bank (SHA:600036, HKG:3968) through its subsidiary Qingding Precision Electronics.Another subsidiary, Peng Shen Technology (Thailand), will renew its $60 million and $110 million credit with Standard Chartered (HKG:2888) and Bank of America, respectively.Peng Shen will also expand its credit line with United Overseas Bank (SGX:U11) by an additional $100 million.Avary's shares jumped 5% during morning trade on Wednesday.

HKG:2888HKG:3968SGX:U11SHA:600036SHE:002938
Asia

Standard Chartered Sells, Leases Back Singapore Business Park Properties

Standard Chartered (HKG:2888) has sold and leased back two business park properties in Singapore to a consortium comprising Japan's Hulic (TYO:3003), RISA Partners, EZA Hill Property Management, and TRI Investment Management.The properties are 7 Changi Business Park Crescent and 9 Changi Business Park Crescent.The investment was executed through a Japanese investor platform managed by EZA Hill alongside TRI Investment Management, Hulic said in a Wednesday release.The value of the deal was undisclosed.

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Asia

Standard Chartered's Attributable Profit Rises 2% in Q2

Standard Chartered (HKG:2888) posted attributable profit of $1.76 billion for the second quarter, up 2% from $1.73 billion a year earlier, according to a Wednesday Hong Kong bourse filing.Earnings per share at the lender came in at $0.753 from $0.705 a year earlier.Adjusted net interest income increased 6% on a constant currency basis to $2.87 billion from $2.70 billion.It announced a $1 billion share buyback, which is expected to reduce the CET1 ratio by 38 basis points, and raised its interim dividend by 66% to $0.204 per share.

HKG:2888
Asia

StanChart Engages Broadcom to Advance Global Cloud Infrastructure Shift

Standard Chartered (HKG:2888) has engaged Broadcom to expedite its global infrastructure modernization through a private cloud foundation designed to support critical banking services across 54 markets globally, according to a Thursday release by the latter.The lender realigned its infrastructure delivery to a private cloud environment using Nasdaq-listed Broadcom's VMware Cloud Foundation.70% of Stanchart's global infrastructure footprint is already running on the new architecture, the release said.The move "enables Standard Chartered to meet the evolving demands of our clients while strengthening our technological core with the responsiveness, resilience and regulatory compliance that global banking demands," the lender's Global Head of Technology and Infrastructure, John Sharratt, said.

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Asia

StanChart Names Group Chief Financial Officer

Standard Chartered (HKG:2888) appointed Manus Costello as its group chief financial officer effective immediately after obtaining regulatory approvals, according to a Wednesday Hong Kong bourse filing.

HKG:2888
Asia

StanChart Taps BlackRock's Aladdin Wealth to Enhance Advisory Platform

Standard Chartered (HKG:2888) has partnered with BlackRock to integrate the Aladdin Wealth platform into its myWealth Advisor platform, according to a Monday press release.The bank said the collaboration will enhance its wealth advisory and portfolio risk management capabilities for relationship managers and investment advisors.The integration will provide advanced portfolio analytics, risk and return analysis, stress testing, and scenario analysis to support more personalized investment advice for affluent clients.The initial rollout will cover Singapore and Hong Kong for priority, priority private and private banking clients, with plans to expand to additional markets over time.

HKG:2888
Asia

Market Chatter: HSBC, StanChart Eye Loan Risk Transfer Transactions

HSBC (HKG:0005) is in early discussions with investors on a significant risk transfer transaction linked to a portfolio of Asia-Pacific loans, Bloomberg News reported Friday, citing people familiar with the matter.The proposed deal could include loans from Hong Kong, Singapore, India, and Australia and may be completed later this year, the report said.Separately, Bloomberg reported that Standard Chartered (HKG:2888) is considering a transaction tied to about $2 billion of global corporate loans under its Chakra significant risk transfer program.The terms of the deal remain under discussion with investors and could change, the report said.Standard Chartered declined to comment on the matter in response to a query from.Meanwhile, HSBC has yet to reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Standard Chartered Bank (Singapore) Files for Singapore Listing of GBP500 Million Bonds

Standard Chartered Bank (Singapore), a unit of Standard Chartered (HKG:2888), filed for the listing of 500 million pounds worth of floating-rate covered bonds due 2029 on the Singapore bourse, according to a filing with the Singapore Exchange on Tuesday.The bonds will be listed and quoted on the Bonds Market on July 1, the bank said.

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Asia

Market Chatter: Standard Chartered Mulling Sale of Bahrain Operations

Standard Chartered (HKG:2888) is exploring the sale of its wealth and retail banking business in Bahrain, Reuters reported on Tuesday.The disposal is part of the London-based bank's strategy to exit smaller retail and wealth markets and focus on clients at scale, the bank reportedly told Reuters.The transition is expected to take at least 18 months, while corporate and investment banking operations in Bahrain will remain unaffected, the report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:2888
Asia

Singapore Airlines Launches 1.5-Billion-Yuan Dim Sum Bonds

Singapore Airlines (SGX:C6L) launched 1.50 billion yuan in "dim sum" bonds, according to a Wednesday filing with the Singapore Exchange.The dim sum bonds, which are yuan-denominated bonds offered outside of China, hold an interest rate of 2.38% and will mature in 2031.The company will use the proceeds to purchase aircraft, make aircraft-related payments, and fund general corporate or working capital purposes.The Singapore branches of Bank of China (HKG:3988, SHA:601988), HSBC (HKG:0005), Standard Chartered Bank (HKG:2888), and DBS Bank (SGX: D05) are the joint lead managers.Shares of Singapore Airlines rose 1% during morning trading.

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Treasury

Market Chatter: DBS Bank to Sell Three-Year USD Benchmark Covered Bond

Singapore-based DBS Group Holdings' (SGX:D05) subsidiary DBS Bank is planning to sell a three-year US dollar benchmark covered bond, which has a maturity date of June 29, 2029, Reuters reported Monday, citing a term sheet.The bond is expected to be settled on June 29, 2026, the report said.The bonds will be offered at a spread of 42 basis points over secured overnight financing rate (SOFR) mid-swaps, backed by a pool of Singapore residential mortgage loans, and guaranteed by Bayfront covered bonds.The notes are expected to receive ratings of Aaa from Moody's and AAA from Fitch Ratings. Joint lead managers for the offering include BMO Capital Markets, HSBC (HKG:0005), RBC Capital Markets, Standard Chartered PLC (HKG:2888) subsidiary Standard Chartered Bank, and TD Securities.DBS Bank did not immediately reply to' request for comment.Shares of DBS Group Holdings rose nearly 1% in recent trade, while those of Standard Chartered PLC added over 1%.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Singapore Airlines Reportedly Picks Banks for Five-Year Bond Sale

Singapore Airlines (SGX:C6L) mandated Bank of China (SHA:601988), DBS, HSBC (HKG:0005) and Standard Chartered (HKG:2888) as arrangers for a five-year bond sale, Reuters reported, citing a document it saw.The airline could launch the offering as early as Tuesday, with the bonds reportedly worth at least 1 billion yuan, according to the Monday report.Singapore Airlines did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

StanChart Buys Back Shares

Standard Chartered (HKG:2888) repurchased 773,200 shares on Monday at an average price of around 19.41 pounds sterling apiece, according to a Tuesday filing with the Hong Kong bourse.The British lender plans to cancel the shares, following which it will have about 2.2 billion shares in issue.

HKG:2888
Asia

StanChart's Saudi Arabia Arm Gets Investment Management, Fund Operation Nod

Standard Chartered's (HKG:2888) Saudi Arabia wing obtained regulatory approval for investment management and fund operation activities in the country, according to a Monday release.The go-ahead from the Capital Market Authority (CMA) will allow the bank to support institutional clients amid broadening investor participation and capital market activity in the country.

HKG:2888
Asia

Market Chatter: UK-Listed Financial Firms in Hong Kong Slump After Chinese Media Reports Tighter Offshore Account Curbs

Trading of UK-listed financial firms in Hong Kong-HSBC, Prudential, and Standard Chartered-slumped Thursday after a Chinese media report said mainland residents now face tighter restrictions on opening offshore accounts at major Hong Kong banks, Reuters News reported on the same day.The Bank of East Asia's Shanghai branch stopped opening overseas investment accounts for mainland clients, and HSBC's Lujiazui staff said deposited funds must comply with Hong Kong rules, the newswire reported, citing the South China Morning Post.As a result, HSBC, Standard Chartered, and Prudential tumbled between 5% and 6.3% in London, and AIA Group dropped 6.8% in Hong Kong, the publication said.HSBC, Prudential, and Standard Chartered were not immediately reachable for comment when contacted by Reuters, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

StanChart Buys Back Shares

Standard Chartered (HKG:2888) repurchased 742,984 shares on Monday at an average price of around 20 pounds sterling apiece, according to a Tuesday filing with the Hong Kong bourse.The British lender plans to cancel the shares, following which it will have about 2.2 billion shares in issue.

HKG:2888

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