【Goldman Sachs: Standard Chartered focuses on wealth management business, maintains 'Neutral' rating】Jin Shi Data, December 4th - Goldman Sachs released a report stating that Standard Chartered Group (02888.HK) has caught up with HSBC Holdings in valuation, coupled with high expectations for non-interest income in the 2025 fiscal year, maintaining a 'Neutral' rating, with a target price of HKD 95 based on the residual income model. The report mentioned that the bank attended the Standard Chartered investor meeting on December 3rd. Management set a target for 2025-2029: to attract USD 200 billion in net new funds, driving wealth management business revenue to achieve double-digit growth. The bank expects Standard Chartered Group's non-interest income compound annual growth rate to be 9% between 2024 and 2026. Management anticipates that by 2029, the contribution of high-net-worth individuals' income to wealth management revenue will increase from less than 70% in the first nine months of 2024 to 75%. (Source: Jin Shi Data)