Deep Tide TechFlow News, on July 4th, according to a research report from JPMorgan, the institution maintains Standard Chartered Bank (STANCHART, 02888.HK) as the top pick among Hong Kong bank stocks, with an "Overweight" rating and a target price of HKD 135.

The report points out that Standard Chartered Bank is less affected by the decline in Hong Kong interbank lending rates and the risks in Hong Kong commercial real estate. It is a major beneficiary of the internationalization of the RMB and has a clearer strategy for the development of digital assets, allowing it to better withstand the impacts brought by stablecoins compared to its peers.