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<Research>M Stanley: CN Tightening Capital Outflows Seen Having Limited Impact on HSBC HOLDINGS, STANCHART Wealth Mgmt Biz
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Morgan Stanley, in its report, cited media reports last week that mainland China had tightened financial capital outflows, drawing investor attention to HSBC HOLDINGS (00005.HK) and STANCHART (02888.HK). However, the broker believes China remains committed to facilitating cross-border capital flows and, over the long term, will expand regulated cross-border investment schemes to ensure funds move through properly supervised channels. Morgan Stanley said both HSBC and Standard Chartered indicated that their operations are fully compliant with regulatory guidelines and expect the impact on their wealth management businesses to be limited. While new mainland clients may face greater constraints in opening investment accounts, this is believed to account for only a very small portion of their overall business. The broker expects wealth management to remain a key revenue driver for Hong Kong banks. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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