Group 1: Company Overview - Standard Chartered Bank has been deeply rooted in China for over 160 years, marking it as one of the oldest foreign banks in the country [3] - The bank has actively participated in significant milestones of China's financial market opening, including initiatives like Bond Connect and Swap Connect [3][4] - The bank's commitment to China is reflected in its ongoing investments, including a $300 million investment in related businesses by the end of 2024 [4] Group 2: Strategic Initiatives - Standard Chartered Bank has established a sustainable finance department and aims to mobilize $300 billion for sustainable financing by 2030 [4] - The bank is positioning itself as a "super connector" to facilitate cross-border financial services, particularly in the context of the Belt and Road Initiative [6][7] - The bank has supported over 720 projects related to the Belt and Road Initiative, with a total project amount reaching $130 billion [6] Group 3: Market Outlook - The bank maintains a positive outlook on China's capital market, having overweighted Chinese assets since April 2023 due to improved investor confidence and economic growth [8] - Key investment strategies focus on technology, communication services, and discretionary consumption, driven by expected growth in domestic demand [8][9] - The bank anticipates that foreign capital will increasingly flow into non-US markets, highlighting the undervaluation of Chinese assets compared to the Asia-Pacific market [9]
活力中国调研行｜百年外资行要做“超级连接器”