Core Viewpoint - Hong Kong's monetary authority is set to launch a Renminbi (RMB) Business Facility to enhance banks' ability to offer yuan loans, thereby promoting trade finance and direct investment, solidifying Hong Kong's status as an offshore yuan hub [1][3]. Group 1: Facility Details - The new RMB Business Facility will replace the existing 100 billion yuan (approximately US$14 billion) trade finance liquidity introduced in February, with several enhancements planned for the upcoming months [2]. - The potential usage of the RMB Business Facility will be significantly broader than the previous trade-finance liquidity facility, further strengthening Hong Kong's position as a global offshore yuan business hub [3]. - The facility aims to encourage more companies from mainland China and other overseas markets to utilize Hong Kong for managing their corporate treasury activities and regional business [4]. Group 2: Financial Implications - Major banks such as HSBC Holdings, Standard Chartered Bank, and Bank of China (Hong Kong) are among the 24 lenders that had access to the previous trade-financing facility, which allowed them to secure stable yuan for financing trade needs [5]. - The new facility will enable banks to offer more yuan loans at a lower cost, as it will eliminate the previous 25-basis-point premium, aligning borrowing costs with the onshore yuan interest rate [6].

Core Insights - The People's Bank of China announced plans to expand the "Swap Connect" market, increasing the daily trading net limit from 20 billion to 45 billion yuan to facilitate interest rate risk management for investors [1] - The China Foreign Exchange Trading Center is optimizing the "Swap Connect" mechanism to enhance market vitality and better meet the needs of foreign investors in managing RMB interest rate risks [1] - The introduction of new interest rate swap contracts linked to the one-year Loan Prime Rate (LPR) under the "Northbound Swap Connect" indicates strong market demand and aims to improve liquidity and price discovery [2] Group 1 - The "Swap Connect" will expand its quoting bank team and improve the management mechanism, with a dynamic adjustment mechanism for quoting banks [1] - As of August 2025, 82 foreign investors from 15 countries and regions have participated in over 15,000 transactions, with a nominal principal of 8.15 trillion yuan [1] - The launch of LPR-linked interest rate swap contracts is expected to enhance the risk management toolbox for domestic and foreign investors [2] Group 2 - Standard Chartered Bank noted that the "Swap Connect" has undergone multiple optimizations, increasing its market attractiveness and participant numbers [3] - The continuous improvement of the "Swap Connect" since its launch in 2023 has led to a more comprehensive product system, addressing diverse risk management needs [2] - The collaboration between mainland and Hong Kong financial markets is expected to support global clients in participating in "Swap Connect" transactions [3]

Core Insights - The Risk Asia Awards 2025 recognize excellence in various categories related to risk management and financial services across Asia [1][2][3] Group 1: Derivatives Awards - Derivatives house of the year for Asia is awarded to UBS [1] - Other notable winners include Daiwa Securities for Japan, Crédit Agricole CIB for Hong Kong and South Korea, and OCBC Bank for Singapore [1] - The award for derivatives house of the year in China goes to Shenwan Hongyuan Securities, while CTBC Bank wins for Taiwan [1] Group 2: Specialized Awards - Standard Chartered is recognized as the interest rate derivatives house of the year [1] - BofA Securities wins the currency derivatives house of the year award [1] - UBS is awarded both equity and credit derivatives house of the year [1] Group 3: Technology and Risk Solutions - Murex is named technology vendor of the year and also wins for system support and implementation [2] - S&P Dow Jones Indices is recognized for quantitative investment solutions [2] - FactSet is awarded for risk solutions [2] Group 4: Compliance and Risk Management - The best AI solution for risk management is awarded to SAS Institute [2] - Wolters Kluwer receives multiple awards for various risk management solutions including IFRS 9 and credit risk management [2] - NICE Actimize is recognized for its AML solution of the year [2]

Core Viewpoint - The past year has seen a significant role reversal between developed and emerging markets, with emerging markets benefiting from easing inflation and a weaker dollar, while the US experiences high yields, inflation, and volatility [1][2]. Group 1: Market Dynamics - The US has transitioned into a market characterized by high yields and inflation, akin to emerging markets, while emerging markets enjoy low rates and low inflation [2]. - The US-China trade war has contributed to this shift by allowing China to export deflationary pressures to other emerging markets, enabling their central banks to cut rates [2]. Group 2: Interest Rate Solutions - Standard Chartered Bank (SCB) has adapted its interest rate solutions business to align with the changing dynamics, focusing on emerging markets for client funding needs [4][5]. - There has been a notable increase in demand for structured interest rate products in currencies like Korean won, Malaysian ringgit, and Thai baht, as investors seek to lock in rates and volatility [5][9]. Group 3: Client Transactions - SCB has facilitated various transactions, including providing THB callable swaps for a client in Thailand to hedge market risk on long-dated investments [7]. - The bank has also offered short-term financing to corporate clients in Vietnam, using USD deposits as collateral to secure loans in VND, enhancing cost efficiency [9][10]. Group 4: Emerging Market Trends - The divergence between government bonds and swaps in Asia has led SCB to shift its focus towards more exotic rates products, such as government bond-linked options [14][16]. - SCB has issued approximately 2,000 structured notes valued at around $3 billion in 2024, indicating a growing demand for bond-linked structured notes [17]. Group 5: Market Access and Opportunities - SCB has capitalized on dislocations in local currency bond markets and swap markets to facilitate market access trades for offshore investors [20][21]. - The bank's strong onshore presence and product capabilities enable it to deliver solutions in illiquid and difficult-to-access markets across the region [20].

格隆汇9月25日丨渣打集团(02888.HK)公告，于2025年9月24日，分别已根据公司2021年渣打股份计划及 2023年渣打储股计划向合资格雇员授出921,595份有条件权利和4,926,741份购股权以认购公司股本中每 股面值0.50美元的普通股。 ...

渣打集团(02888)发布公告，于2025年9月24日，本公司分别已根据本公司2021年渣打股份计划(2021年计 划)及2023年渣打储股计划(2023年储股计划)(合称"该等计划")向合资格雇员授出92.16万份有条件权利 (奖励)和492.67万份购股权以认购本公司股本中每股面值0.50美元的普通股。 ...

Core Viewpoint - Standard Chartered Group announced the grant of 921,600 conditional rights and 4,926,700 stock options to eligible employees under its 2021 Standard Chartered Share Plan and 2023 Standard Chartered Share Save Plan, effective September 24, 2025 [1] Group 1 - The company has issued a total of 921,600 conditional rights as part of its employee incentive programs [1] - Additionally, the company granted 4,926,700 stock options for the subscription of ordinary shares with a par value of $0.50 each [1] - These grants are part of the company's ongoing efforts to incentivize and retain talent within the organization [1]

STANDARD CHARTERED PLC 渣打集團有限公司 （於英格蘭及威爾士註冊之有限責任的公眾有限公司） （編號﹕ 966425 ） （股份代號：02888） 授出股份獎勵及購股權 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任 何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 該等獎勵的承授人概無本公司的董事、主要行政人員或主要股東、或任何彼等的聯繫人（定義見《香 港聯合交易所有限公司證券上市規則》（「上市規則」））。 就新加入員工的買斷獎勵而言，本公司認為歸屬期處於授出後 12 個月內屬合適，此符合二〇二一年計 劃的目的，以便與前僱主已沒收獎勵的歸屬時間表一致。這方法確保本公司的招聘方式保持競爭力， 並符合市場慣例。 渣打集團有限公司（「本公司」）宣佈，於二〇二五年九月二十四日，分別已根據本公司二〇二一年 渣打股份計劃（「二〇二一年計劃」）及二〇二三年渣打儲股計劃（「二〇二三年儲股計劃」）（合 稱 「該等計劃」）向合資格僱員授出 921,595 份有條件權利和 4,926,741 份購股 ...

格隆汇9月25日丨渣打集团(02888.HK)发布公告，2025年9月24日耗资739.37万英镑回购50.87万股，每股 回购价14.265-14.65英镑。 ...

渣打集团(02888)发布公告，于2025年9月24日斥资739.4万英镑回购50.87万股。 ...