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John Lee Ka-chiu's policy address promotes the 'upgrading' of digital banks. ZhongAn Bank leads the development of digital banks in Hong Kong.
As the first digital bank to open in Hong Kong, as of June 30, 2024, Zhongan Bank has the highest number of users and deposits among the 8 digital banks in Hong Kong. In terms of performance, Zhongan Bank announced that it achieved a turnaround from loss to profit in the single month of July, becoming the first profitable digital bank in Hong Kong.
Many real estate stocks surged by over 60%! On the first day of the new policies in Beijing, Shanghai, Guangzhou, and Shenzhen, some people even "bought houses in the air" overnight!
After the opening of the Hong Kong stock market, the real estate sector has the highest increase, with more than several individual stocks still rising by over 60% as of the time of writing.
ZHONGAN GROUP: 2024 Interim Report
ZHONGAN GROUP: CLARIFICATION ANNOUNCEMENTIN RELATION TOINTERIM RESULTS ANNOUNCEMENT FOR THE SIXMONTHS ENDED 30 JUNE 2024
Performance: zhongan group (00672.HK) net profit for the first half was 625.1 million RMB, a decrease of 68.2%.
Zhongan Group (00672.HK) announced its interim performance for the six months ending in June, with revenue of 9.283 billion RMB, a year-on-year increase of 127.6%. Recorded a net profit of 62.51 million yuan, a decrease of 68.2%, and earnings per share of 1.11 cents. No interim dividend will be paid.
Zhongan Group (00672) announced its interim performance, with a net profit attributable to the owners of the parent company of CNY 62.509 million, a decrease of 68.2% year-on-year.
Zhongan Group (00672) announced its mid-term performance for 2024, with revenue reaching approximately RMB 9.283 billion, a year-on-year increase...
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