The HSBC HOLDINGS Manufacturing PMI for December is 57.4, exceeding the previous month.
In December, India's HSBC HOLDINGS Manufacturing PMI was 57.4, exceeding the previous month's figure. The December HSBC HOLDINGS Manufacturing Purchasing Managers' Index (PMI, preliminary) stood at 57.4, surpassing last month's 56.5. Additionally, the HSBC HOLDINGS Services PMI for the same month rose to 60.8 from last month's 58.4. The Ministry of Finance recently indicated that the economic slowdown in the July-September period was temporary and that the growth rate would accelerate again in the second half of fiscal year 2024.
Annual review | North funds aggressively bought Hong Kong stocks! Net buying exceeded 770 billion Hong Kong dollars for the year, with Alibaba attracting over 82 billion.
As of December 19, the cumulative transaction of southbound funds through the Hong Kong Stock Connect this year has exceeded 10 trillion, surpassing the entire amount of last year, with an overall increase of nearly 50%.
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.
The LPR Quote for December has been released! The 1-year and 5-year rates remain unchanged.
More news, continuously updating.
Hong Kong Central Bank Cuts Interest Rate Tracking Fed Move, Banks Follow
Yearly Review | The top ten repurchase kings of Hong Kong stocks in 2024 are announced! All Market repurchase total exceeds 250 billion Hong Kong dollars, with Tencent accounting for a "half of the market".
According to Wind data, as of December 17, 277 Hong Kong stocks have conducted buybacks this year, with a total buyback amount of 256.117 billion Hong Kong dollars, and 64 individual stocks have a cumulative buyback amount exceeding 0.1 billion Hong Kong dollars this year.