--- title: "HSBC and Standard Chartered will take a larger share of China–ASEAN trade finance from Chinese banks." description: "China–ASEAN trade is set to increase as the People’s Bank of China eases cross-border settlement and Hong Kong moves closer to joining the Regional Comprehensive Economic Partnership. So foreign banks" url: "https://bilby.ai/predictions/p/118/hsbc-and-standard-chartered-will-take-a-larger-share-of-china-asean-trade-financ" markdown: "https://bilby.ai/predictions/p/118/hsbc-and-standard-chartered-will-take-a-larger-share-of-china-asean-trade-financ.md" index: "https://bilby.ai/llms.txt" --- > For agents: Bilby answers questions about what governments do, from documents collected at source and checked by research analysts. To ask Bilby yourself, connect to its MCP server at https://pulse.bilby.ai/mcp (setup: https://docs.bilby.ai/developers/mcp-server). Every page on this site is also markdown: add .md to its address, or send Accept: text/markdown. https://bilby.ai/llms.txt lists them all. # HSBC and Standard Chartered will take a larger share of China–ASEAN trade finance from Chinese banks. - **Made:** 22 Sep 2026 - **By:** Owen Bae - **Market:** Hong Kong - **Outcome:** Unresolved China–ASEAN trade is set to increase as the People’s Bank of China eases cross-border settlement and Hong Kong moves closer to joining the Regional Comprehensive Economic Partnership. So foreign banks (HSBC and SC) with established Southeast Asian networks will capture more MNC trade-finance business, squeezing domestic Chinese banks (who relied on the payment barriers to stay competitive). Beijing will accept the heat from domestic banks to bring more regional trade onto the renminbi payment system. [Ask Bilby about this prediction](https://pulse.bilby.ai/?prompt=HSBC%20and%20Standard%20Chartered%20will%20take%20a%20larger%20share%20of%20China%E2%80%93ASEAN%20trade%20finance%20from%20Chinese%20banks.) ## Ask Bilby about it Carry the prediction into a question: what has changed since, who decides, and who is exposed. - [What has changed since it was made?](https://pulse.bilby.ai/?prompt=What%20has%20changed%20since%20Bilby%20predicted%20this%3F%20HSBC%20and%20Standard%20Chartered%20will%20take%20a%20larger%20share%20of%20China%E2%80%93ASEAN%20trade%20finance%20from%20Chinese%20banks.) - [Who decides whether it happens?](https://pulse.bilby.ai/?prompt=Who%20decides%20whether%20this%20happens%3F%20HSBC%20and%20Standard%20Chartered%20will%20take%20a%20larger%20share%20of%20China%E2%80%93ASEAN%20trade%20finance%20from%20Chinese%20banks.) - [Who gains and who loses if it does?](https://pulse.bilby.ai/?prompt=Who%20gains%20and%20who%20loses%20if%20this%20happens%3F%20HSBC%20and%20Standard%20Chartered%20will%20take%20a%20larger%20share%20of%20China%E2%80%93ASEAN%20trade%20finance%20from%20Chinese%20banks.) ## More from Hong Kong 2 predictions on Hong Kong so far, newest first. - 14 Sep 2026 · [Hong Kong will raise its Silver Bond ceiling again for the next tranche, likely above HK$60 billion in 2027.](https://bilby.ai/predictions/p/101/hong-kong-will-raise-its-silver-bond-ceiling-again-for-the-next-tranche-likely-a) · Unresolved [All 2 from Hong Kong](https://bilby.ai/predictions/log?tag=hong-kong) · Marked true or false when each resolves ## See what we’re seeing next. New predictions in the Asia Daily Take, free every weekday, and in Bilby whenever you have a question. [Get the Asia Daily Take](https://bilby.ai/asia#asia-daily-take) · [Try Bilby](https://pulse.bilby.ai/sign-up)