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.
Express News | HSBC Continental Europe has signed a memorandum of understanding to sell its French life Insurance subsidiary.
Express News | Greenlight Capital Re Ltd - HSBC Letter of Credit Facility Amount $100 Million
Express News | HSBC CONTINENTAL EUROPE has signed a memorandum of understanding regarding the potential sale of its business in France.
Express News | HSBC: Will acquire HSBC Insurance (France) for a cash consideration of 0.925 billion euros.
HSBC Continental Europe Enters Into a Memorandum of Understanding Regarding Potential Sale of HSBC Assurances Vie (France) to Matmut Société D'Assurance Mutuelle
Market Chatter: HSBC Chairman Said to Lead UK Business Delegation to China in January 2025
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%.
Express News | Several Banks have lowered the interest rates for dollar deposits.
Express News | Hong Kong Exchange: On December 19, HSBC repurchased 6.4 million shares of Stocks at Other Exchanges for 48.7 million British Pounds.
On December 19, HSBC Holdings (00005) spent 0.196 billion Hong Kong dollars to repurchase 2.632 million shares.
HSBC Holdings (00005) announced that on December 19, 2024, the company will spend 0.196 billion Hong Kong dollars...
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)~
Express News | HSBC: The dollar may perform well next year.
It is reported that HSBC Chairman Mark Tucker will lead a delegation to visit China next month to promote trade and investment.
According to sources, HSBC Holdings Chairman Mark Tucker will lead a delegation of senior bankers to visit China next month to promote trade and investment, marking the most significant business delegation from the United Kingdom since 2018.
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...
HSBC Buys Back 9 Million Shares
Share repurchase collection on December 19 | TENCENT, AIA and others have repurchased shares, among which TENCENT spent 0.703 billion HKD.
According to the documents disclosed by HKEX on December 20, TENCENT (00700.HK), AIA (01299.HK), and others have repurchased shares. ① TENCENT (00700.HK) repurchased 1.72 million ordinary shares on December 19, involving an amount of 0.703 billion HKD, with the repurchase price ranging from 421.8 HKD to 401.4 HKD per share. Since the repurchase authorization resolution, the cumulative number of repurchased securities is 0.221 billion shares, accounting for 2.347% of the number of shares issued when the ordinary resolution was passed. ② AIA (01299.HK)
Express News | Singapore's Bolttech Raises More Than $100 Million in Latest Funding Round Led by Mufg-Liquidity's Dragon Fund, Statement Says
Express News | The Series C Funding Round Values Bolttech at $2.1 Billion, Statement Says
HSBC (00005.HK) repurchased over 9.02 million shares yesterday, involving a total capital of 0.669 billion yuan.
HSBC Holdings (00005.HK) announced that yesterday (19th), a total of 9.0201 million shares were repurchased on the markets in the United Kingdom and Hong Kong, involving an amount of 0.669 billion Hong Kong Dollars. Among them, HSBC purchased 6.3881 million shares on the UK market at a price ranging from 7.561 to 7.673 British Pounds, with a weighted average price of 7.623 British Pounds per share. Additionally, 2.632 million shares were purchased on the Hong Kong Stock Exchange, with prices ranging from 74.05 to 74.8 Hong Kong Dollars, and a weighted average price of approximately 74.4913 Hong Kong Dollars per share.