82388 BOC HONG KONG-R
- 23.550
- +0.050+0.21%
BOC HONG KONG-R News
Another round of banks' reverse operations? LPR has decreased, but the floating point for loans has increased. Some banks in jiangsu: The interest rate for first homes must not be lower than 2.95%.
Today, Nanjing, Suzhou, and other places have all stated that they will implement a minimum interest rate floor of 2.95% for first-home loans. The previous LPR-90 basis points will be reduced to LPR-65 basis points. Industry insiders indicate that for homebuyers, it is important to pay attention to signal changes, as some credit policies may show signs of stabilizing.
Chongqing Rural Commercial Bank and Bank of Beijing followed up on the same day! The 'interest rate cut tide' of deposits has spread to urban and rural commercial banks, with small and medium-sized banks significantly speeding up the follow-up in this rou
chongqing rural commercial bank and bank of beijing adjusted their deposit benchmark interest rates on the same day, with the largest decrease being 25 basis points. After the adjustment, chongqing rural commercial bank's fixed deposit rates are still lower than some city commercial banks and joint-stock banks, but on par with state-owned banks. In this round of interest rate cuts, smaller banks have significantly accelerated their follow-up speed, with industry insiders pointing out that policy transmission efficiency is increasing.
Express News | Citi expects the net interest margin of China mainland banks index to further decrease to below 1.4% next year. The first choice is CM Bank.
Express News | Multiple banks have implemented policies for share buyback and shareholding refinancing, supporting the stable development of the capital markets.
Hong Kong stock concept tracking | The BRICS summit is about to be held, and the cross-border payment concept sector is attracting attention (including concept stocks).
Building an independent and controllable international settlement system will be an inevitable measure to deal with potential Western financial sanctions.
UBS Group raises boc hong kong (02388.HK) target price to 26.5 yuan, expecting resilient net interest income in the third quarter and stable asset quality trends.
UBS Group released a report, indicating that BOC Hong Kong (02388.HK) is scheduled to announce its third-quarter performance at the end of this month, believing that even though BOC faces multiple income pressures, its operational trend is expected to be stable. Looking forward to a decrease in impairment expenses under a benign trend in asset quality, as well as strong non-interest income, UBS expects BOC's net profit to rise by 0.3% in the third quarter. In the third quarter, the one-month HIBOR in Hong Kong decreased by 19 basis points to 4.2% quarterly; UBS expects BOC Hong Kong to slightly narrow its adjusted net interest margin by 4 basis points to 1.58% quarterly, mainly due to weak loan demand and declining deposit rates, actively increasing exposure to bond investments. However, the bank expects BOC
According to reports, cross-border payment between mainland China and Hong Kong is expected to be implemented in June next year. The initial phase will not involve retail consumer payments.
A new edition of the Policy Address mentioned that the Hong Kong Monetary Authority and the People's Bank of China are promoting the interconnection of the two regions' fast payment systems, namely Hong Kong's Faster Payment System (FPS) and the Mainland's Internet Banking Payment Cross-Border Settlement System (IBPS). According to various reports, the HKMA and the PBOC are still discussing the details, hoping to formulate specific details by the end of this year. The target date for the interconnection of FPS and IBPS is tentatively set for June next year. Several local banks in Hong Kong will conduct a trial run in April next year, with the initial stage not involving retail consumer payments, or only limited to cross-border transfer remittances.
Citic Securities: How to reassess the value of bank stocks?
The value increase of bank stocks comes from investors reconstructing the logical deduction under the framework of renminbi asset investment.
300 billion share buyback shares increase the re-lending "order", under the current trend, banks' risks are generally controllable, which may lead to more business opportunities.
①From the current policies and market trends, it is a high-probability event that the stock market and market confidence will gradually recover upwards, and the overall risk of loans is still manageable. ②Although the interest rate spread for share buyback and shareholding loans is not particularly large, this business can be used to expand and maintain the client base of listed companies, generating more business opportunities. ③In practice, the main consideration may not necessarily be the purchase of stocks as collateral, but more emphasis will be on the overall credit rating of the borrower.
BOC Hong Kong to Review Q3 2024 Financials
boc hong kong (02388.HK) plans to hold a board of director meeting on October 30th to approve the third quarter performance.
GLENCORE, October 18th - boc hong kong (02388.HK) announced that it will convene a board of directors meeting on October 30, 2024 (Wednesday) to review and approve the company's financial and business performance for the third quarter of 2024, including.
Date of Board Committee Meeting
Central Bank's major announcement! Reserve ratio cut, interest rate cut, officially launching share buyback and shareholding refinancing.
Pan Gongsheng stated that it is expected to carefully assess the market liquidity situation before the end of the year, and opportunistically further lower the deposit reserve ratio by 0.25-0.5 percentage points; reduce the open market 7-day reverse repurchase operation rate by 0.2 percentage points.
Second time this year! Several large banks announced a "rate cut", starting today lowering deposit rates.
Maintain stable net interest margin.
Several banks have lowered the RMB deposit interest rates starting today. With a deposit of 200,000 yuan for three years, the interest will be 1,500 yuan less.
According to CCTV, this morning, several major banks announced a reduction in the Renminbi deposit benchmark interest rates. The last round of nationwide commercial bank deposit rate cuts began on July 25th, with the benchmark interest rates for 1-year, 2-year, 3-year, and 5-year fixed-term deposits at major state-owned banks lowered to 1.35%, 1.45%, 1.75%, and 1.80%, respectively.
The People's Bank of China, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission: will implement two new tools, the convenient exchange of securities, funds, and insurance companies, and the share buyback a
On the morning of October 16, China's central banks, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission jointly held a forum for major financial institutions.
Three state-owned major banks have lowered their deposit benchmark interest rates with a maximum reduction of 25 basis points.
Industrial and Commercial Bank of China, China Construction Bank Corporation, and Bank of Communications mobile banking have all updated their deposit benchmark interest rates, with the six-month interest rate lowered to 1%. This is the second time in less than 3 months that major banks have lowered deposit rates since July, and it will also be the sixth time that major banks have actively lowered deposit rates since September 2022.
Express News | Multiple major banks will once again lower their deposit interest rates starting tomorrow, with the fixed deposit benchmark interest rates of some major banks being reduced by 25 basis points.
UBS Group: It is expected that the performance of the stock banking industry will significantly improve in the third quarter.
Overall, it is expected that the performance of the banking sector in the third quarter will show a more significant improvement.
Underestimated + high dividend double blessing! Will the 'clean break' state-owned central enterprises stabilize and become the main theme of the year?
In the past two years, the high dividend strategy in the Hong Kong stock market has become a hot trend. State-owned enterprises with high dividends and medium-to-high valuation have attracted attention from funds, leading to a continuous increase in stock prices. At the same time, with the release of the first market value management guideline documentation at the regulatory level, long-term companies trading below net asset value are required to develop value enhancement plans, bringing the concept of 'trading below net asset value' into the public eye.
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