Da Mo: It is expected that the downward trend of HIBOR will put pressure on the net interest margin of HSBC and Standard Chartered

Sina Financial News Morgan Stanley issued a report saying that the slowdown in loan growth and the decline in Hong Kong interbank interest rates dragged down the net interest income of HSBC Holdings and Standard Chartered Group, but the fee income is expected to be strong. According to the report, Hong Kong and Singapore released data for the first two months, showing weak balance sheet growth for HSBC and Standard Chartered. Downward pressure on HIBOR will also weigh on net interest margins, so net interest income will weaken, but wealth management income has been strong at the start of the year. Credit quality remains good. The sale of HSBC’s Canadian business is expected to bring in $4.9 billion, and it is expected to declare a special dividend of 21 cents per share and buy back an additional $2 billion in shares. Standard Chartered expects to pay US$150 million for its ELS business in South Korea and may further imcredit Bohai Bank. And Standard Chartered usually does not announce share buybacks in the first quarter.