In order to respond to the "intense battle" next year? At the end of the year, many Banks are making intensive adjustments to their Business structure, and the special mechanism for the "five major articles" is gradually being established.

① First, merging the functions of the head office departments clearly indicates a reduction in costs and an increase in efficiency; second, a special department dedicated to the five major articles is being established. ② Retailing Crediting may become one of the focal points for Banks next year. ③ It is expected that the special institutions for the five major articles will be established gradually, as each one matures.

cls.cnDec 20 17:06

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)~

AASTOCKSDec 20 14:01

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...

AASTOCKSDec 20 10:23

The LPR Quote for December has been released! The 1-year and 5-year rates remain unchanged.

More news, continuously updating.

wallstreetcnDec 20 09:00

According to "The Hong Kong Building" report, Ricacorp Mortgage expected that Hong Kong banks will cut interest rates again next year, which would be enough to offset previous increases.

According to Lijia Mortgage Agency, the USA Federal Reserve has once again reduced interest rates by 0.25%, which is as expected. The main goal in the future should be to restore inflation to a level of 2% and to assist in increasing the employment rate. In the projected dot plot of future interest rate trends, the pace of interest rate cuts will slow down in 2025, with expectations of two cuts next year. The company's managing director, Wong Wing-hin, stated that the pace of interest rate cuts in the USA will slow down next year; however, given the current economic and market environment, a 0.25% rate cut is within the expected range by the market. It is believed that Hong Kong Banks will have a good chance to follow this trend and reduce rates by 0.25% next year, effectively offsetting the increases from the previous rate hike cycle. She mentioned that HSBC and Bank of China.

AASTOCKSDec 19 17:17

BOC HONG KONG (02388.HK): The pace of inflation decline in the USA is slowing down, expected to indicate a phase of rebound in US bond yields.

The Federal Reserve announced its interest rate decision on Wednesday (the 19th), reducing rates by 0.25% as expected, but the future pace of rate cuts is slower than the market anticipated. According to the latest dot plot of interest rates, Federal Reserve officials have raised the median rate forecast for the end of 2025 to 3.9%, up from the earlier estimate of 3.4%, indicating two rate cuts are expected next year. Zhang Shiqi, Head of Wealth Strategy and Analysis at BOC HONG KONG's personal finance division, stated that the pace of decline in U.S. inflation will slow down, prompting the Federal Reserve to slow its future rate cuts to manage market expectations. Zhang believes that the pace of decline in U.S. inflation may be influenced by future fiscal policy directions.

AASTOCKSDec 19 15:30