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Hang Seng Bank Among First to Implement Offshore Renminbi Repurchases
Hong Kong stock movement | Hk Based Banks rose in the afternoon, BOC HONG KONG (02388) increased over 5%, HANG SENG BANK (00011) is now up nearly 4%.
Hk Based Banks rose in the afternoon. As of this report, BOC HONG KONG (02388) is up 5.1%, trading at 26.8 Hong Kong dollars; HANG SENG BANK (00011) is up 3.56%, trading at 103.2 Hong Kong dollars; STANCHART (02888) is up 2.36%, trading at 108.5 Hong Kong dollars; HSBC Holdings (00005) is up 0.54%, trading at 84.25 Hong Kong dollars.
[Brokerage Focus] Societe Generale: The Hang Seng Index has the opportunity to challenge the high point of around 23,000. The earnings growth expectations for Chinese technology stocks are being continuously revised upward.
King Wu Finance News | BNP Paribas analysis indicates that the current valuations of Chinese Technology stocks are at an attractively low level for investors. It is anticipated that the Hang Seng Index may have the potential to challenge the 23,000-point mark in subsequent market performance. BNP Paribas Wealth Management Chief Investment Strategist in Hong Kong, Tan Huimin, clearly expressed a particularly bullish attitude towards Chinese Technology stocks. She pointed out that the emergence of DeepSeek highlights China's innovation strength, and at the same time, the market's attention on AI has shifted from AI Enablers to AI applications.
Survey: HK's Young Affluent Families Aim for HKD18 Million Savings, But Lack Plans
HANG SENG BANK: Young wealthy families in Hong Kong hope to save 18 million HKD, but the planning is unclear and there is no confidence in achieving it.
HANG SENG BANK found in a survey on family wealth management that young affluent families generally believe that 18 million Hong Kong dollars are needed to achieve various life goals for the family.
Survey: Young wealthy families in Hong Kong aim to save 18 million dollars.
HANG SENG BANK (00011.HK) family wealth management survey shows that young affluent families generally believe that 18 million yuan is needed to achieve various life goals. The bank indicated that most respondents do not have a comprehensive financial plan; although one-third of respondents have set financial strategies for different family needs, over 50% of them expressed a lack of confidence in being able to execute the plan. Among the respondents without a financial plan, 71% are young affluent families with children under the age of 12. The survey interviewed over 500 Hong Kong residents aged between 30 and 55 who Hold 1 million yuan or more in liquid assets.
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