News Snapshot:
When HSBC and Standard Chartered report their interim results beginning this week, investors will be closely watching for guidance on the outlook for Hong Kong’s economy and whether further strains have emerged in their commercial property portfolios in mainland China. Standard Chartered will be the first of the city’s three currency-issuing banks to update investors on its half-year performance on Friday, followed by HSBC on Monday and Bank of China (Hong Kong) next month. Even with an improving macroeconomic outlook and better net interest margins, loan growth has been flattish in Hong Kong and fee income could be sluggish in...
