Group 1 - Hong Kong bank stocks continue to rise, with HSBC and Standard Chartered reaching new highs, with HSBC up 2.81% to HKD 117.2 and Standard Chartered up 2.09% to HKD 180.7 [1] - The Federal Reserve announced a 25 basis point interest rate cut and plans to expand its balance sheet by purchasing USD 40 billion in short-term government bonds starting this month [1] - Bank of America Securities forecasts significant growth for HSBC in two areas next year: Hong Kong deposit business and Asian wealth management, citing HSBC's competitive advantages and management's commitment to increase investment in these areas [1] Group 2 - Goldman Sachs reports that despite Standard Chartered's stock price rising 83% this year, there is still room for further revaluation [1] - Goldman Sachs expects Standard Chartered's return on tangible equity (ROTE) to reach 14.6% by the end of this year, exceeding management's guidance of 13%, and to further rise to 15% by 2027 and 15.7% by 2028 [1] - The bank anticipates that Standard Chartered will 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 the stock price [1]