On June 6th, Goldman Sachs released a research report citing HSBC management's expectations that HSBC Bank will continue to benefit from the onshore and offshore interest rate differentials in China, as well as the growing demand for wealth diversification among Chinese households. The bank's insurance products will be the core support for achieving outstanding performance in the field of wealth management. The bank also cited HSBC management's view that the bank will expand its customer base through its global network and digital platforms. The bank also confirmed its commitment to strengthening its unsecured loan business and aims to increase its credit card loan volume by double digits. Goldman Sachs expects that HSBC Bank will benefit from the growth of its Asia wealth management business and forecasts a tangible return on tangible equity (ROTE) of 14.8% for the bank's 2024 fiscal year, which is higher than the average for Hong Kong banks. The bank also believes that the catalyst for HSBC's stock price will be the launch of a buyback plan, and management is considering using more of the proceeds from the sale of its Canadian business to fund its buyback plan. The bank therefore set a target price of HK$81 for HSBC and gave it a "buy" rating.