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Standard Chartered Enhances Board Diversity and Governance
Standard Chartered Strengthens Financial Oversight With Audit Committee
On December 19, STANCHART (02888.HK) spent 5.0204 million British Pound to repurchase 0.5097 million shares.
On December 20, Gelonghui reported that STANCHART (02888.HK) announced that it spent £5.0204 million to repurchase 0.5097 million shares on December 19, 2024.
According to Morgan Stanley's report on "Hong Kong Tower": Hong Kong banks lowering the best lending rate by 12.5 basis points is in line with expectations and will help alleviate the pressure on profits caused by the decline in HIBOR.
Morgan Stanley published a Research Report stating that following the reduction of interest rates by 25 basis points by the Federal Reserve and the Hong Kong Monetary Authority, several local banks have also followed suit by lowering the best lending rate by 12.5 points, marking the third reduction of the best lending rate this year, in line with the firm's expectations. Morgan Stanley indicated that since the savings balances are approximately 2.3 times the mortgage account balances, this adjustment in the best lending rate by Hong Kong banks should help offset the profitability pressure brought by the decline in HIBOR. (js/w)~
The Monetary Authority: The Banks Industry will gradually promote the "Smart Safe Deposit" measures next year, and also require the default option to not enable online banking.
During an interview with RTHK, the assistant chief executive of the Monetary Authority, Au Yeung Lun, mentioned that many victims of scams have been deceived into providing their online banking accounts and passwords, which were then used by the fraudsters to transfer money, or they were misled by the fraudsters and followed instructions to transfer their deposits. Therefore, after consulting with the banking industry, the authorities will introduce the "Smart Secure Deposit" measure next year. Au Yeung Lun added that the "Smart Secure Deposit" measure allows retail banking personal customers to specify a deposit amount under a protected mechanism, and once the protection is set, the funds cannot be transferred out unless a request is made to the bank to cancel the protection. He also pointed out that when a depositor intends to cancel the protection, they must meet with a bank staff member for verification purposes, hoping that face-to-face contact can...
Share repurchase collection on December 19 | TENCENT, AIA and others have repurchased shares, among which TENCENT spent 0.703 billion HKD.
According to the documents disclosed by HKEX on December 20, TENCENT (00700.HK), AIA (01299.HK), and others have repurchased shares. ① TENCENT (00700.HK) repurchased 1.72 million ordinary shares on December 19, involving an amount of 0.703 billion HKD, with the repurchase price ranging from 421.8 HKD to 401.4 HKD per share. Since the repurchase authorization resolution, the cumulative number of repurchased securities is 0.221 billion shares, accounting for 2.347% of the number of shares issued when the ordinary resolution was passed. ② AIA (01299.HK)
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