Express News | The five major banks have all been approved to issue this non-capital bond.
Bank Of China's Chief Risk Officer Resigns
Bank of China (03988.HK): Liu Jiandong resigns as Chief Risk Officer.
Bank of China (03988.HK) announced that the board of directors has received the resignation letter from Liu Jiandong. Liu Jiandong has resigned from his position as Chief Risk Officer of the bank due to work adjustment. The resignation will take effect on September 12, 2024.
Express News | Vanke provides guarantee for a bank loan of 0.798 billion yuan in RMB.
Express News | Bank of China gives Easou Technology an initial buy rating; target price of HK$10.
The Hang Seng Index fell 125 points, with Topsports down 16% and lithium industry stocks rebounding.
The market is waiting for US inflation data. US stock futures are soft, and Hong Kong stocks fell today. The Hang Seng Index opened 182 points lower, with the decline widening to 269 points at a low of 16,964 points. In the afternoon, the decline narrowed, with a total daily drop of 125 points or 0.7% to close at 17,108 points. The HSI Technology Index gained less than 1 point, closing at 3,450 points. The total trading volume of the market for the whole day was 105.785 billion yuan. Chinese tech stocks fell back, with Sinopec (00386.HK), CNOOC (00883.HK), and PetroChina (00857.HK) all down more than 2%.