Hopeful sentiment for Standard Chartered's 2014 revenue outlook in Asia

China could play a pivotal role.

Analysts expect downgrades involving Standard Chartered to be taken in stride in the coming weeks, with China possibly playing a role to improve the company's revenue outlook in Asia.

According to a research report from Nomura, their outlook with regard to the downgrade was because the sell-side is having to adjust numbers on restated financials.

The report also noted that medium-term policy easing in China, which has picked up in recent months, will also lead to stabilisation in earnings momentum.

Here's more from Nomura:

STAN’s confidence towards China today was a sign of this positive turn. Nomura economists have also been upgrading GDP estimates for China to 7.5%.

Investor focus on 2014 GDP estimates evolution is likely to be supportive of sentiment on both HSBC (rated Neutral)/STAN in the coming months.

Corrections in the property market create downside risks as well, but this has increased the pace of policy easing and STAN has often highlighted both little direct exposure to China as well as to these higher risk areas of the property market.

In Trade Finance, where there has also been concern regarding potential defaults, STAN highlighted on the call that the majority of its exposure is to the larger international names.