Goldman Sachs' investment ratings and Target Prices for bank stocks (table)

Goldman Sachs published a research report, providing the investment ratings and Target Prices for local bank stocks as follows: Stock | Investment Rating | Target Price (HKD) HSBC Holdings (00005.HK) | Buy | 98 HKD STANCHART (02888.HK) | Neutral | 104 HKD BOC HONG KONG (02388.HK) | Buy -> Neutral | 31.9 HKD -> 29.5 HKD HANG SENG BANK (00011.HK) | Neutral | 112 HKD -> 99 HKD BANK OF E ASIA (00023.HK) | Neutral -> Sell |

AASTOCKSApr 16 11:30

Notice of a Board Committee Meeting

HKEXApr 15 17:09 · Announcements

Consumer Council: The differences in Medical and accident coverage for travel Insurance are significant. More than 90% of plans are reducing coverage for the elderly and children. The industry is urged to review.

The Consumer Council conducted an investigation on 27 single-trip personal Insurance plans available in the market. It found that even for plans with similar premiums, the maximum compensation for 'Medical expenses' for adults could differ by as much as double, and there were significant differences in the coverage offered by different plans. Additionally, although seniors and children often pay the same premiums as adults, excluding three plans that charge higher premiums for seniors, as many as 92% (22 plans) would lower their maximum compensation for 'Medical expenses' and/or 'Personal Accident/Accidental Injury' by up to 75%, or even exclude them from certain coverage. The Consumer Council understands that this may be a risk consideration by the industry.

AASTOCKSApr 15 12:05

John Lee Ka-chiu's eldest son, Li Wenlong, is appointed Vice Director of Hang Seng China.

HANG SENG BANK (00011.HK) announced the appointment of Ng Wai as the Executive Director and Chief Executive Officer (designate) of HANG SENG BANK (China) and Head of the Corporate Banking Division. At the same time, Li Wenlong, Director of Strategy and Corporate Development and Chief Executive Officer's Office at HANG SENG BANK, will serve as Vice Chairman (designate) of HANG SENG BANK (China). The aforementioned appointments will take effect upon approval by the regulatory Institutions. The current Vice Chairman and Chief Executive Officer of HANG SENG BANK (China), Song Yuesheng, will be reassigned to HSBC. Li Wenlong is the eldest son of John Lee Ka-chiu, the Chief Executive of Hong Kong, and has been with HANG SENG BANK for 11 years. When John Lee Ka-chiu ran for the Chief Executive in 2022, Li Wenlong already held his current position, being one of HANG SENG BANK's core Directors for over a decade.

AASTOCKSApr 15 09:45

HANG SENG BANK (00011) undergoes another change in senior management, and Wu Wei may be appointed as the Executive Director and President of HANG SENG BANK China.

According to market news, there has been another change in the senior management of HANG SENG BANK (00011).

Zhitong FinanceApr 14 13:40

Wang Wei appointed as the President of Hang Seng China, Chief Executive's son takes the position of Vice Director.

According to local newspaper reports, HANG SENG BANK (00011.HK) subsidiary HANG SENG BANK (China) will undergo senior personnel changes. The article quotes an internal announcement stating that the current Vice Chairman and President Song Yuesheng will be transferred back to HSBC Group, while HANG SENG BANK (China) Executive Vice President Wu Wei will take over as Executive Director and President of HANG SENG BANK (China) starting today (14th), and will continue to oversee HANG SENG BANK (China) wholesale banking business. At the same time, Chief Executive John Lee Ka-chiu's eldest son, Director of Strategy and Corporate Development of HANG SENG BANK and Chief Executive's Office Director Li Wenlong, will serve as Vice Chairman of HANG SENG BANK (China). Having worked at HANG SENG BANK for nearly 11 years, this promotion will be beneficial for Wu.

AASTOCKSApr 14 09:26