Standard Chartered weighs India, China listing

LONDON — British bank Standard Chartered said Thursday
it was considering listing its shares in China and India,
citing a rebound in Asia for helping the company in the third quarter.

"It is clear that the economies in Asia are rebounding and
remain resilient," the bank said in an interim management
report, which contained no figures.

"Their growth rates remain well above the rates of growth
for markets in the West."

The bank said it was "actively considering" listing its shares in
India, where it has been consulting with authorities, and was
"exploring" the possibility of listing in China as well.

Standard Chartered's wholesale banking operations have seen a
"strong and broad-based income performance," with
client earnings in the third quarter broadly in line with
levels reached in the first half.

In the consumer banking unit, according to the statement,
the bank's mortgage business has performed well in
Hong Kong, South Korea, Singapore and India.

But it added that liability margins were under pressure
in a low-interest rate environment, which offset gains
in mortgage income.