JPMorgan Chase: Standard Chartered is better able to withstand the impact of stablecoins than its peers and may be the main beneficiary of RMB internationalization

Odaily News JPMorgan Chase published a research report, maintaining its positive view on Standard Chartered Group and continuing to list Standard Chartered as the first choice among Hong Kong banking stocks. It believes that Standard Chartered is less affected by the decline in HIBOR and the risks of Hong Kong commercial real estate; and is the main beneficiary of RMB internationalization; it also has a clearer digital asset development strategy and is better able to withstand the impact of stablecoins than its peers. The target price is HK$135 and the rating is "overweight".