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PUBLIC FIN HOLD: Annual Report 2024
Public Financial Swings to Loss in 2024; Shares Up 6%
PUBLIC FIN HOLD: ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024
The Monetary Authority is promoting a regulatory incubator for distributed ledger technology to enhance Banks' risk management capabilities.
The Hong Kong Monetary Authority launched the "Distributed Ledger Technology (DLT) Regulatory Incubator" yesterday (8th), to assist Banks in responsibly exploring the potential of DLT. The aforementioned incubator will enhance the risk management capabilities of individual Banks and the overall banking industry, especially concerning the risks that may arise when Banks launch services that involve both DLT banking Infrastructure and traditional banking Infrastructure (such as deposits and loans) simultaneously. For individual Banks, the incubator will provide a one-stop regulatory platform that allows them to confirm that relevant risk management measures have been fully implemented before the full launch of DLT initiatives. Through the platform, Banks can engage with the dedicated team from the Monetary Authority.
PUBLIC FIN HOLD (00626.HK) will hold a Board of Directors meeting on January 16 to approve the annual performance.
Gelonghui January 6丨PUBLIC FIN HOLD (00626.HK) announced that a Board of Directors meeting will be held on January 16, 2025, to approve (including) the publication of the annual performance of the company and its subsidiaries for the year ended December 31, 2024, and to consider the declaration of the dividend for the year ended December 31, 2024 (if any).
Hong Kong stocks move丨Profit warning, Volkswagen Financial opens more than 3% lower against the trend.
On December 24, Gelonghui reported that Volkswagen Financial (0626.HK) opened down 3.45%, at HKD 1.68, hitting a new low since November 7. In terms of news, the company announced last night that it expects to record a loss of approximately HKD 0.19 billion (excluding goodwill impairment) for the year ending December 31, 2024, while the profit for the year ending December 31, 2023, was HKD 14 million. (Gelonghui)