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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Standard Chartered PLC    STAN   GB0004082847

STANDARD CHARTERED PLC

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Standard Chartered seeks brokerage licence in mainland China - Xinhua

10/12/2020 | 12:59am EST
FILE PHOTO: A logo of Standard Chartered is displayed at its main branch in Hong Kong

SHANGHAI/HONG KONG (Reuters) - The Hong Kong unit of Standard Charteredhas applied for a brokerage licence in mainland China, the state-backed Xinhua News Agency reported on Monday.

The China Securities Regulatory Commission (CSRC), the country's top securities watchdog, had accepted the application from StanChart HK on Oct. 10 to set up a securities firm in the mainland, Xinhua reported.

The HK unit of StanChart told Reuters in an email that it was "looking to further develop onshore business through acquiring new licences".

Beijing scrapped foreign ownership caps on securities firms and mutual funds for foreign investors on April 1, part of an interim Sino-U.S. trade deal signed in January.

The U.K.-headquartered bank backed a controversial Chinese national security law for Hong Kong and saw its share price tumble last month due to political uncertainties.

(Reporting by Samuel Shen in Shanghai and Scott Murdoch in Hong Kong; Writing by Cheng Leng; Editing by Stephen Coates)


© Reuters 2020
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Financials (USD)
Sales 2020 14 933 M - -
Net income 2020 786 M - -
Net Debt 2020 - - -
P/E ratio 2020 23,7x
Yield 2020 1,74%
Capitalization 18 880 M 18 825 M -
Capi. / Sales 2020 1,26x
Capi. / Sales 2021 1,27x
Nbr of Employees 82 494
Free-Float 93,9%
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Technical analysis trends STANDARD CHARTERED PLC
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 6,33 $
Last Close Price 6,00 $
Spread / Highest target 45,0%
Spread / Average Target 5,46%
Spread / Lowest Target -23,7%
EPS Revisions
Managers
NameTitle
William Thomas Winters Group Chief Executive Officer & Executive Director
José Viñals Group Chairman
David Whiteing Group Chief Operating Officer
Andrew Nigel Halford Group Chief Financial Officer & Executive Director
Michael Gorriz Group Chief Information Officer
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