Core Viewpoint - Standard Chartered Plc is reviewing its retail credit card business in India as part of a broader strategy to reshape operations in the rapidly growing Indian economy [1] Group 1: Company Strategy - The bank has engaged in preliminary discussions with stakeholders to make decisions regarding its retail credit card business as early as this year [2] - Selling the credit card unit is one potential option being considered, which may indicate a broader retreat from retail operations [3] - Standard Chartered aims to focus on multi-product relationships in its wealth and retail banking strategy for India, emphasizing the importance of credit cards within this framework [4] Group 2: Industry Context - Foreign banks have been reducing their consumer operations in India over the past decade, with Citigroup selling its entire retail franchise to Axis Bank in 2023 [5] - The competitive landscape in India's consumer market is dominated by local banks such as HDFC Bank and ICICI Bank, making it challenging for global banks to achieve scale [6] Group 3: M&A Activity - There is a growing trend of billion-dollar deals in India's banking sector, with approximately $15 billion in financial services transactions reported this year as of October [7] - Notable foreign investments include Emirates NBD's planned $3 billion investment in RBL Bank and other significant deals involving Sammaan Capital and Yes Bank [8]

该信息由智通财经网提供 智通财经APP讯，渣打集团(02888)发布公告，于2026年1月15日，该公司斥资1019.37万英镑回购54.93万 股。 ...

相关事件 渣打集团(02888.HK)1月15日耗资1019.4万英镑回购54.9万股 渣打集团(02888.HK)1月14日耗资996.13万 英镑回购54.13万股 格隆汇1月16日丨渣打集团(02888.HK)发布公告，2026年1月15日耗资1019.4万英镑回购54.9万股。 ...

渣打集团(02888)发布公告，于2026年1月15日，该公司斥资1019.37万英镑回购54.93万股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 渣打集團有限公司 呈交日期： 2026年1月16日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02888 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存 ...

Core Viewpoint - In a low-interest-rate environment, bank stocks are seen as representatives of dividend style investments, offering medium to long-term allocation value due to their high dividend characteristics [1] Group 1: Bank Indices Performance - The main bank indices in A-share and Hong Kong markets include the China Securities Bank Index, the China Securities Hong Kong Bank Index, and the China Securities AH Bank Index [2] - The China Securities Hong Kong Bank Index is expected to significantly outperform the China Securities Bank Index in 2025 [3] - From January 1 to December 31, 2025, the Hong Kong Bank Index recorded a growth of 28.94%, which is substantially higher than the 6.79% increase of the China Securities Bank Index and the 9.60% of the AH Bank Index [4] Group 2: Investment Trends and Fund Flows - In Q3 2025, the Hong Kong banking sector saw significant buying from insurance capital, while the A-share banking sector experienced substantial selling by public funds [10] - The proportion of active equity funds' holdings in A-share banks dropped from 3.91% to 1.49%, with the market value decreasing from 64.1 billion yuan to 30.8 billion yuan [10] - In contrast, insurance capital made 41 significant investments in banks throughout 2025, with 33 of these targeting H-share banks [10] Group 3: Stock Performance and Dividend Yields - The strong performance of the Hong Kong Bank Index is attributed to the notable gains of key stocks such as HSBC Holdings, which rose by 25.53%, and Standard Chartered, which increased by 30.66% [11] - The dividend yield for Hong Kong banks remains above 6%, making them attractive to insurance capital, while A-share banks generally have yields between 3% and 4% [13] - Historical data indicates that buying bank stocks before the Spring Festival has an 80% success rate, with quality joint-stock banks and city commercial banks often yielding excess returns [13] Group 4: Future Outlook - Looking ahead to 2026, insurance capital is expected to remain a significant source of funding, but bank stocks may underperform the broader market in the first quarter due to a growth-oriented market style [15] - The return on tangible equity (ROTE) for Hong Kong banks is projected to slightly decline in 2026, yet the combined return from dividends and buybacks is still expected to exceed 7%, maintaining their investment appeal [15]

Core Viewpoint - The core theme of the global economy is shifting from monetary stimulus to fiscal stimulus, with an expectation of increased government borrowing and a focus on debt sustainability in global economic discussions [1] Group 1: Economic Outlook - More countries are expected to turn towards fiscal spending this year, indicating a rise in government borrowing [1] - Market liquidity, which peaked in 2025, is anticipated to reverse its expansion trend this year [1] Group 2: Inflation and Central Bank Positioning - Inflation risks may be underestimated as liquidity flows into the real economy and fiscal stimulus increases, while the cost of living remains high [1] - These trends could lead to a more passive position for central banks [1]

他补充称，美国人工智能相关交易正推动外资购买美国金融资产创下历史新高，这一趋势难以逆转。 （新华财经） 该行认为"去美元化"叙事缺乏说服力，反而观察到"再美元化"迹象，这受到美国强劲的增长预期、生产 率提升及人工智能热潮的支撑。由于美元仍提供有吸引力的收益率，亚洲出口商将美元兑换为本币的比 例依然较低。 渣打银行东盟与南亚外汇研究联席主管Divya Devesh在其2026年经济展望中表示，该行看空今年亚洲地 区货币走势，预计其将普遍跑输美元。 ...

格隆汇1月15日丨渣打集团(02888.HK)发布公告，2026年1月14日耗资996.13万英镑回购54.13万股。 ...

智通财经APP讯，渣打集团(02888)发布公告，于2026年1月14日，该公司斥资996.13万英镑回购54.13万 股股份。 ...