RBC Capital Keeps HSBC at Sector Perform, Lifts PT
HSBC Holdings Buys Back 2.1 Million Shares
December 23 repurchase collection | TENCENT, HSBC Holdings, and others have successively repurchased, among which TENCENT spent 0.704 billion HKD.
According to a disclosure by HKEX on December 24, TENCENT (00700.HK) and HSBC Holdings (00005.HK) have repurchased shares. ① TENCENT (00700.HK) repurchased 1.67 million ordinary shares on December 23, involving an amount of 0.704 billion Hong Kong dollars, with a repurchase price ranging from 430.6 HKD to 416.4 HKD per share. Since the repurchase authorization resolution, the cumulative number of securities repurchased has been 0.224 billion shares, accounting for 2.382% of the total issued shares at the time of approval of the ordinary resolution. ② HSBC Holdings (00005.HK)
HSBC (00005.HK) repurchased over 2.12 million shares yesterday, involving a total of 0.159 billion yuan.
HSBC Holdings (00005.HK) announced that yesterday (23rd), it repurchased a total of 2.1245 million shares in the United Kingdom and Hong Kong markets, involving an investment of 0.159 billion Hong Kong dollars. Among them, HSBC purchased 0.8841 million shares in the United Kingdom market at a price between 7.617 and 7.676 British Pound per share, with a weighted average price of 7.6364 British Pound per share. Additionally, in the Hong Kong Stock Exchange market, 1.2404 million shares were purchased at a price between 74.75 and 75.05 Hong Kong dollars per share, with a weighted average price of approximately 74.8934 Hong Kong dollars per share.
HSBC assists Zhuhai Huafa Group in issuing its first digital Bonds worth 1.4 billion yuan.
HSBC assisted Zhuhai Huafa Group in issuing its first 1.4 billion yuan three-year digital Bonds, using HSBC Orion as the digital Assets platform. This marks another milestone in the development of digital Bonds in Hong Kong and globally, following the issuance of the first private institutions digital Bonds by HSBC in September of this year. It is expected to be the first digital native Bond issued by a Greater China enterprise. The Bond will be listed in both Hong Kong and Macau and will allow onshore investors from the Mainland to participate through the Bond Connect's "Southbound Trading." John O’Neill, head of HSBC's digital Assets and MMF group, stated that this issuance reflects several important developments in Hong Kong's digital Bonds development.
Gelonghui December 23|HSBC Holdings repurchased 1.8 million Stocks at a price of 0.1364 billion HKD on the 23rd.
Gelonghui December 23|HSBC Holdings repurchased 1.8 million Stocks at a price of 0.1364 billion HKD on the 23rd.
On December 20, HSBC Holdings (00005.HK) spent 0.136 billion Hong Kong dollars to buy back 1.8264 million shares.
On December 23, Gelonghui reported that HSBC Holdings (00005.HK) announced that on December 20, 2024, it spent 0.136 billion Hong Kong dollars to repurchase 1.8264 million shares at a price of 74.45-74.9 Hong Kong dollars per share.
Express News | HKEX filing: HSBC repurchased 1.8 million Stocks for 0.1364 billion HKD on December 20.
HKMA Launches Generative AI Sandbox for Banks
The Monetary Authority: Hong Kong banks' operating profit before tax in the first three quarters increased by 8.4% year-on-year.
The Monetary Authority released the quarterly report on the Banking Industry, indicating that the overall pre-tax operating profit of retail banks in Hong Kong grew by 8.4% year-on-year in the first three quarters of this year, mainly driven by increased trading investment income and revenue from Forex and derivative business. However, some of the increase was offset by a decrease in net interest income. The net interest margin of retail banks narrowed to 1.5% in the first three quarters of this year, compared to 1.68% in the same period last year. As of the end of September, the specific classified loan ratio of the banking system was 1.99%, an increase of 0.1 percentage points quarter on quarter. The specific classified loan ratio of relevant loans from mainland China slightly increased from the previous quarter's 2.78% to.
HSBC, Two Other Banks Slash Hong Kong Lending Rates
HSBC's French Unit Explores Sale of Life Insurance Business to Matmut
The Octopus taxi payment network has been expanded to accept PayMe payments.
Octopus announced further opening of its taxi payment network, currently Hong Kong taxi drivers can accept passenger payments via PayMe through the Octopus network, which is expected to further expand the electronic payment options for over 0.027 million taxi drivers across the city. Since January of this year, the Octopus taxi payment network has accepted UnionPay, AlipayHK, and mainland Alipay payments, and in August added WeChat Pay HK (HKD wallet) and WeChat (RMB wallet) payments. The company revealed that the number of taxi drivers and passengers adopting electronic payments has significantly increased, with an increase of 40% in active taxi drivers supporting electronic payments on average.
HSBC Repurchases 9.1 Million Shares in UK, Hong Kong
Repurchase summary on December 20 | TENCENT, HSBC Holdings and others have repurchased shares, with TENCENT spending 0.703 billion HKD.
According to a document disclosed by HKEX on December 23, both TENCENT (00700.HK) and HSBC Holdings (00005.HK) have repurchased shares. ① TENCENT (00700.HK) repurchased 1.65 million ordinary shares on December 20, involving an amount of 0.703 billion HKD, with a repurchase price ranging from 428.2 HKD to 414.2 HKD per share. Since the repurchase authorization resolution, the total number of shares repurchased is 0.223 billion shares, accounting for 2.365% of the number of shares issued at the time the ordinary resolution was passed. ② HSBC Holdings (00005.HK)
HSBC (00005.HK) plans to sell its life Insurance business in France for 0.925 billion euros.
According to foreign media reports, HSBC (00005.HK) has signed a memorandum of understanding with Matmut Societe d’Assurance Mutuelle for the potential sale of its French life Insurance business, HSBC Assurances Vie (France). Under the financial terms of the potential Trade, Matmut will acquire HSBC Assurances Vie (France) for €0.925 billion in cash, expected.
HSBC (00005.HK) repurchased nearly 9.09 million shares yesterday, involving a total investment of 0.673 billion yuan.
HSBC Holdings (00005.HK) announced that last Friday (20th), it repurchased a total of 9.0892 million shares in the markets of the United Kingdom and Hong Kong, involving a total investment of 0.673 billion Hong Kong dollars. Among them, HSBC purchased 7.2628 million shares in the United Kingdom market, with a price ranging from 7.502 to 7.642 British Pounds, and a weighted average price of 7.5649 British Pounds per share. Additionally, 1.8264 million shares were purchased in the Hong Kong Stock Exchange market at a price ranging from 74.45 to 74.9 Hong Kong dollars, with a weighted average price of approximately 74.6917 Hong Kong dollars per share.
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