Bank of East Asia Delays AGM Circular Dispatch

TipRanksMar 28 16:38

The Deputy Chief Executive of BANK OF E ASIA (00023.HK), Bi Mingqiang, has been appointed as the Executive Director and President of BANK OF E ASIA China.

BANK OF E ASIA (00023.HK) announced that Vice President Bi Mingqiang has been appointed as the Executive Director and President of its wholly-owned subsidiary BANK OF E ASIA China, effective April 1, succeeding He Shunhua, who is retiring. This appointment has been approved by the National Financial Regulatory Administration. Bi Mingqiang stated that BANK OF E ASIA China will further leverage its advantages and closely collaborate with other Business departments of BANK OF E ASIA to provide seamless cross-border services for clients, including retail, corporate, and Other sectors, to seize new opportunities in the future.

AASTOCKSMar 28 16:29

Fitch predicts that Hong Kong banks' exposure to Real Estate will continue to be under pressure, but the likelihood of a downgrade in ratings is limited.

Fitch Ratings stated that despite ongoing pressures in the local Commercial Property lending (CRE) market, the viability ratings (VRs) of Hong Kong Banks are expected to remain resilient this year. Fitch predicts that the real estate market in Hong Kong, particularly office and retail properties, will continue to face pressure this year. Unless overall commercial momentum recovers, the vacancy rate is unlikely to decline, and the impaired loan ratios related to local banks may deteriorate more than previously expected by the agency. Its stress scenario shows that due to the inherent Crediting conditions of Hong Kong Banks being supported by solid capital buffers, which help absorb potential Crediting losses, the likelihood of a downgrade in local bank ratings remains relatively low.

AASTOCKSMar 28 09:35

Truly International Secures HK$1 Billion Loan Facility

MT NewswiresMar 27 14:36

BANK OF E ASIA Union and BANK OF E ASIA (00023) first recommend the "BANK OF E ASIA Wise All-Weather Fund". Southbound Connect clients can subscribe with an entry fee of 0.01 million Hong Kong dollars.

EAST ASIA Lianfeng Investment Management and BANK OF E ASIA (00023) have jointly launched the "EAST ASIA Smart All-Weather Fund" for the first time.

Zhitong FinanceMar 24 14:19

BANK OF E ASIA: It is expected that the US stock market will decline early this year and then rise, rebounding in the third and fourth quarters.

On March 24, GELONGHUI reported that BANK OF E ASIA's Chief Investment Strategist Li Zhenhao expects that the US stock market will rebound in the third and fourth quarters of this year, mainly due to tariffs and geopolitical factors concentrated in the second quarter, and these negative factors are not closely related to the fundamentals of the US stock market. He continued to point out that the market's earnings forecast for US stocks has not changed as a result, and it is still expected that earnings will gradually rise in the second half of the year, with some sectors of US stocks such as Technology and Medical Care expected to see earnings increase by double digits in the second half of the year. Li Zhenhao also mentioned that even if the US economic growth weakens, the USA can further reduce interest rates and initiate tax cuts, describing these measures as 'Trump Options.'

Gelonghui FinanceMar 24 13:56