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Express News | Guangzhou Rural Commercial Bank joins hands with BANK OF E ASIA to launch the Cross-Border Wealth Management Connect 2.0 (Southbound) Business.
BANK OF E ASIA (00023.HK) adopts a restricted share unit plan.
On January 2, Gelonghui reported that BANK OF E ASIA (00023.HK) announced that it has adopted a restricted share unit plan, effective from January 1, 2025. This plan will be effective for a period of 10 years from the date of adoption.
Meridians: It is expected that this year there will be around 6,000 mortgage applications for pre-sale flats in Hong Kong, challenging the highest level in nearly five years.
Cao Deming stated that all Banks have begun to compete for mortgage Business in the first quarter of this year, and the disparity in the market share of the Banks may have an opportunity to be readjusted.
The Development Bureau invites the market to submit letters of intent for the pilot development of the Northern Metropolis Area.
The Development Bureau announced that starting today (December 31), a market intention survey will be conducted for three months, inviting the market to submit letters of intent for the three "area development" pilot projects in the northern metropolitan area. The goal is to gradually invite tenders for the three area development pilot projects from the second half of next year until 2026, with a briefing session for the invitation of letters of intent expected to be held on January 16 next year. The Bureau indicated that adopting the "area development" model in the northern area is a new attempt; therefore, the government hopes to gather opinions and suggestions from the market to finalize the details and terms for future public tenders. The invitation document for letters of intent specifies the concrete development requirements of the "baseline scenario" for each pilot, making it easier for those interested.
According to "The Big Bank," CICC: The market still needs to price in a "shallow rate cut + soft landing" cycle. Next year, the top choice for Hong Kong banks is Standard Chartered (02888.HK).
CICC released a Research Report indicating that as of yesterday (30th), the Hk Based Banks and the Hang Seng Index covered by the firm recorded increases of 31% and 18% respectively this year, with Hk Based Banks outperforming the market for the fourth consecutive year. CICC believes that compared to the trend in interest rates, macroeconomic expectations and the banks' own performance are the primary factors affecting stock prices, and therefore, one should not invest in Hk Based Banks with a rigid mindset of "interest rate hikes are beneficial for banks, and interest rate cuts are adverse for banks." The report stated that banks, as a pro-cyclical industry, tend to outperform during a rate cut cycle driven by improving macroeconomic expectations, and that different banks have shown significant divergence in performance during the current cycle.
Market Chatter: Banks Cut Margin Financing Ratio of New World Development