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boc hong kong (02388): boc hong kong ATM cards can now support binding with UnionPay QuickPass APP starting today.
boc hong kong (02388) and UnionPay International have announced that the boc hong kong withdrawal card (boc card) can now support binding with the Cloud Flash Payment APP starting today.
Interbank current deposit rates are significantly higher than policy rates. Some large banks face high liability pressures. The market expects pricing levels to be regulated.
1. Some banks' interbank current deposit rates are significantly higher than the current policy rates, significantly impacting short-term interest rates and increasing banks' liability costs. 2. The market anticipates that in the future, the level of interbank current deposit rates will be reasonably determined, effectively reducing banks' liability costs.
Fitch: Upgraded boc hong kong (02388) long-term issuer default rating from "A" to "A+".
Fitch has upgraded boc hong kong (02388) long-term issuer default rating from "A" to "A+", with a stable outlook.
Deposit interest rates have generally declined, low volatility wealth management and large-denomination certificates of deposit have been promoted. Some small and medium-sized banks still maintain a relative advantage in large-denomination certificate of
①Although the interest rate level of large-denomination certificates of deposit has decreased somewhat, compared with ordinary time deposits, large-denomination certificates of deposit have a relatively high level of return. In addition, relatively speaking, the interest rates of some small and medium-sized banks are relatively high. ②For residents, it is recommended to diversify asset allocation based on their own risk tolerance and investment and financial management needs.
Express News | China Securities Co.,Ltd.: The banking sector is in the background of "strong policy expectations, weak fundamentals in reality", expecting policy efforts.
Express News | Zhang Guoqing: It is necessary to promote the "three concentrations" of state capital, encourage state-owned enterprises to further emphasize their main businesses and focus on the real economy, serving as long-term capital, patient capital, and strategic
HKMA collaborates with Cyberport and banks to organize the 'SME Digital Technology Solutions Showcase Day'.
The Hong Kong Monetary Authority announced that yesterday, together with Hong Kong Cyberport, the Hong Kong Association of Banks, and the Hong Kong Chinese-funded Banking Industry Association, they held the "Digital Technology Solutions Showcase Day for Small and Medium Enterprises". Over 100 representatives from dining and retail trade small and medium enterprises, banks, and technology solution providers exchanged ideas on how the banking industry can support the digital transformation of small and medium enterprises through big data and technology. The Monetary Authority mentioned that currently, 7 banks have committed to launching fast-track loan products for small and medium enterprises that have applied for the "Digital Transformation Support Pilot Program", with approval within 5 working days, meeting the financial needs of small and medium enterprises in changing business operations and expanding into new business and markets.
Express News | boc hong kong has lowered the HKD prime loan rate from 5.625% to 5.375%.
boc hong kong expects the Fed to cut interest rates by 0.25 percentage points next month, with an estimated further cut of 1 percentage point next year.
The Federal Reserve, as expected by the market, reduced the interest rate by 0.25%. BOC Hong Kong (02388.HK) Deputy General Manager of Private Banking, Chen Weiquan, believes that if Trump is elected President of the USA, his economic policies including tax cuts and increased tariffs are expected to stimulate economic growth. However, this may also raise the inflation rate, prompting the Federal Reserve to slow down the pace of interest rate cuts. Chen Weiquan believes that the Federal Reserve still needs to maintain loose monetary policy, predicting further cuts of 0.25 percentage points within this year, and another 1 percentage point next year, to around 3.25%. During the rate-cutting cycle, the expectation is for US long-term bond yields to rise due to monetary policy, including the US 10-year treasury notes yield.
China Life Insurance has reached a strategic cooperation with Zenlin Daikang Health and Jianfa International Travel on cross-border residence and health care.
BOC Hong Kong (02388.HK) and BOC Group Life Insurance jointly participated in the 7th China International Import Expo silver economy theme series activities. At the event, BOC Life Insurance signed a strategic cooperation memorandum of understanding on cross-border residential health care with Zhenlin Health Holdings under Yee Lee Group in Macau, as well as Xiamen Jiande International Travel Agency Group (Jiande Guolv) . BOCC Life CEO Deng Ziping stated that BOCC Life will collaborate with BOC Hong Kong, leveraging the advantages of "banks + insurance", relying on BOC's global, integrated, and scenario-based resources and strengths, to cooperate and build a "comprehensive financial products + multi
Brokerage morning meeting highlights: China's semiconductor industry's domestic market demand and self-controllable direction are clear.
At today's brokerage morning meeting, citic sec believes that the domestic market and self-controllable direction are clear development directions for China's semiconductor industry; gtja pointed out that the improvement in domestic demand is expected to continue to heat up, highlighting the elasticity of baijiu; htsc stated that bank performance is expected to stabilize, seizing structural opportunities.
The Hong Kong Monetary Authority has lowered the basic interest rate by 25 basis points to 0.5%.
After the usa Federal Reserve cut interest rates by 0.25 percentage points again, the Hong Kong Monetary Authority lowered the discount window base rate by 25 basis points to 5 percent. (wl/w)~
Express News | Members of the self-discipline mechanism under the central bank (banks) discuss regulating the pricing of interbank deposits: including not absorbing interbank funds at high stock prices, to prevent arbitrage.
Pan Gongsheng: steadily promoting the opening up of the financial services industry and financial market systems, expanding the interconnection of domestic and foreign financial markets.
①The fundamentals of the Chinese economy, the broad market, strong economic resilience, and great potential have not changed; ② Continue to adhere to the supportive mmf policy, strengthen communication with the market, and constantly improve the quality and effectiveness of financial services.
Bank of China Hong Kong (02388.HK): Should consider extending the cross-listed ETF to more overseas markets.
Analyst Li Yujia of the Hong Kong Bank of China Institute of Financial Research stated that Hong Kong can develop in the following aspects to promote cross-border fund flows, enhance the resource allocation function of the international financial center, attract more financial institutions and long-term capital to operate and expand in Hong Kong as the hub.
Express News | The 12th meeting of the 14th National People's Congress Standing Committee: Deepening revitalization and utilization to improve the efficiency of state-owned asset management.
Large banks are accelerating their efforts to expand into lower-tier cities! The balance of inclusive small and micro loans is increasing, while interest rates are declining. Small and medium-sized banks are speeding up their efforts to attract customers.
From the perspective of inclusive finance, state-owned major banks have continued to lower the average interest rate of inclusive loans for small and micro enterprises this year, while the loan balance has grown rapidly since the beginning of the year. Shareholding banks and city commercial banks are competing for customers based on service quality.
S&P Affirms Hong Kong's BOC Group Life Assurance at A
HSBC Research: September data once again confirms optimistic outlook for the fourth quarter. Hong Kong financial stocks prefer Hong Kong Exchanges and Clearing Limited (00388.HK) and boc hong kong (02388.HK)
HSBC Research published a report stating that the latest September industry data in Hong Kong once again confirms the optimistic outlook for the fourth quarter. Industry deposits increased by 0.8% monthly, and the Hong Kong dollar's comprehensive funding costs also accelerated their decline, decreasing by 17 percentage points monthly; The one-month average Hong Kong Interbank Offered Rate (HIBOR) for October maintained a strong level of 4.35%, partly due to the increased demand for Hong Kong dollars from activities such as IPOs in the stock market.
Citic Sec: The implementation of advanced methods of capital measurement is progressing in an orderly manner. It is recommended to reevaluate the investment value of banks.
From the perspective of bank sector investment, the revenue growth rate and profit growth rate of listed banks in the third quarter have both improved, the overall asset quality is stable, currently in the observation period of macroeconomic policy effectiveness, and subsequent policy support is expected to bring about relief of real risks, especially in credit risks in the local government financing platforms and real estate sector, which are the solid foundation for the stability of banks' net assets.