Group 1 - The core viewpoint of the report is that the escalation of military tensions in the Middle East is expected to trigger a market-wide risk aversion correction [1] - Standard Chartered (02888) is likely to experience a noticeable pullback due to its high exposure to the Middle East, with projected contributions from the UAE accounting for 2.5% of loans and 5.6% of revenue by 2025 [1] - As of the second quarter of 2025, approximately 73% of Standard Chartered's loans in the UAE are attributed to government, public institutions, or the banking sector, indicating that overall credit risk is manageable [1] Group 2 - HSBC's disclosed loan and revenue exposure to the Middle East is 2.3% and 3.8%, respectively [1] - According to "China Securities," the total loan amount in the Middle East is approximately $15.7 billion, representing only 0.09% of the total loans of the five major banks [1] - Given the current low valuation of domestic banks and their significant flexibility in responding to macroeconomic shocks, domestic bank stock prices are expected to show greater resilience compared to regional peers [1]

港股外资银行连续第二日调整，渣打集团(02888)股价累计跌近一成。截至发稿，跌3.77%，报178.6港 元，成交额3.39亿港元。 消息面上，摩通大根分析指出，预期中东军事局势升级，将引发市场整体风险规避修正。在该行覆盖的 银行股中，渣打集团可能出现较明显的回调，主要因为其对中东地区敞口较高，预计2025年阿联酋贡献 的贷款及收入占比分别为2.5%及5.6%。截至2025年第二季，渣打在阿联酋的贷款中约73%属于政府、公 营机构或银行部门，因此信用风险整体可控。 ...

消息面上，摩通大根分析指出，预期中东军事局势升级，将引发市场整体风险规避修正。在该行覆盖的 银行股中，渣打集团可能出现较明显的回调，主要因为其对中东地区敞口较高，预计2025年阿联酋贡献 的贷款及收入占比分别为2.5%及5.6%。截至2025年第二季，渣打在阿联酋的贷款中约73%属于政府、公 营机构或银行部门，因此信用风险整体可控。 智通财经APP获悉，港股外资银行连续第二日调整，渣打集团(02888)股价累计跌近一成。截至发稿，跌 3.77%，报178.6港元，成交额3.39亿港元。 ...