{"id":58289,"date":"2026-06-08T07:36:16","date_gmt":"2026-06-08T07:36:16","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/58289\/"},"modified":"2026-06-08T07:36:16","modified_gmt":"2026-06-08T07:36:16","slug":"standard-chartered-lifts-2030-earnings-target-to-18-with-hong-kong-at-core-ceo-winters","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/58289\/","title":{"rendered":"Standard Chartered lifts 2030 earnings target to 18% with Hong Kong at core: CEO Winters"},"content":{"rendered":"

Standard Chartered has raised its 2030 earnings target to 18 per cent by expanding wealth, cross-border banking<\/a> and digital businesses, with Hong Kong at the centre of its growth story, according to global CEO Bill Winters.<\/p>\n

Investors welcomed the plan, sending the bank\u2019s shares up as much as 4.4 per cent to HK$205.20 in early afternoon trade on Tuesday, before closing 2.3 per cent higher at HK$201.20. The stock outperformed the benchmark Hang Seng Index, which rose 0.5 per cent.<\/p>\n

The London-headquartered lender, which focuses on emerging markets in Asia, the Middle East and Africa, is aiming for a 15 per cent return on tangible equity in 2028 and 18 per cent in 2030, up from 11.9 per cent in 2025. Growth will be driven by wealth and cross-border business, alongside a 15 per cent cut in back-office headcount through automation by 2030.<\/p>\n

Winters unveiled the new targets at a media briefing on Tuesday morning ahead of an investor event in Hong Kong, describing the city as \u201cextremely important\u201d and a \u201ckey growth driver\u201d in Standard Chartered\u2019s strategy.<\/p>\n

\u201cHong Kong is our home market. It is our biggest market and fastest-growing market,\u201d he said. \u201cStandard Chartered is a superconnector, connecting our clients of 55 markets to each other, and Hong Kong is at the centre of a lot of that network flow and wealth flows.\u201d<\/p>\n

\"StandardStandard Chartered plans to adopt artificial intelligence and automation to reduce back-office staff worldwide by 15 per cent by 2030, according to its CEO. Photo: Eugene Lee<\/p>\n

Winters added that Hong Kong was no longer just a gateway to and from mainland China, but now played a bigger role in global trade and capital flows between Asia, Europe and Africa.<\/p>\n","protected":false},"excerpt":{"rendered":"Standard Chartered has raised its 2030 earnings target to 18 per cent by expanding wealth, cross-border banking and…\n","protected":false},"author":2,"featured_media":58290,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21387],"tags":[1418,1659,20691,23948,1433,28370,1772,9881,42,28369,20677,28368,88,28366,28367],"class_list":["post-58289","post","type-post","status-publish","format-standard","has-post-thumbnail","category-standard-chartered","tag-ai","tag-asia","tag-bill-winters","tag-causeway-bay","tag-covid-19","tag-digital-businesses","tag-hong-kong","tag-hsbc","tag-middle-east","tag-paul-chan-mo-po","tag-standard-chartered","tag-standard-chartereds-growth-plan","tag-wealth","tag-wealth-business","tag-wealth-centre"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116713343046419077","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/58289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=58289"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/58289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/58290"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=58289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=58289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=58289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}