Core Viewpoint - Hong Kong bank stocks continue to rise, with HSBC and Standard Chartered reaching new highs following the Federal Reserve's decision to cut interest rates by 25 basis points and expand its balance sheet by purchasing $40 billion in short-term government bonds [1] Group 1: HSBC Holdings - HSBC Holdings (00005) increased by 2.81%, reaching HKD 117.2 [1] - Bank of America Securities forecasts significant growth in two areas for HSBC next year: Hong Kong deposit business and Asian wealth management, citing HSBC's competitive advantages in these sectors [1] - HSBC's management has committed to increasing investments in these areas, which is expected to enhance its competitive edge and market share [1] Group 2: Standard Chartered - Standard Chartered (02888) rose by 2.09%, reaching HKD 180.7 [1] - Goldman Sachs reports that despite an 83% increase in Standard Chartered's stock price this year, there is still room for further revaluation [1] - Goldman Sachs projects that the bank's underlying return on tangible equity (ROTE) will reach 14.6% by the end of this year, exceeding the management's guidance of 13%, and will further rise to 15% by 2027 and 15.7% by 2028 [1] - The bank is expected to raise its mid-term ROTE guidance during its 2025 financial report or the investor day in May 2026, which could act as a catalyst for further stock price increases [1]