Express News | A total of 579 Hong Kong stocks were short-sold today, with a total short-selling amount of 25.906 billion Hong Kong dollars.

BreakingsJan 2 17:03

Meridians: It is expected that this year there will be around 6,000 mortgage applications for pre-sale flats in Hong Kong, challenging the highest level in nearly five years.

Cao Deming stated that all Banks have begun to compete for mortgage Business in the first quarter of this year, and the disparity in the market share of the Banks may have an opportunity to be readjusted.

Zhitong FinanceJan 2 15:35

According to "The Big Bank," CICC: The market still needs to price in a "shallow rate cut + soft landing" cycle. Next year, the top choice for Hong Kong banks is Standard Chartered (02888.HK).

CICC released a Research Report indicating that as of yesterday (30th), the Hk Based Banks and the Hang Seng Index covered by the firm recorded increases of 31% and 18% respectively this year, with Hk Based Banks outperforming the market for the fourth consecutive year. CICC believes that compared to the trend in interest rates, macroeconomic expectations and the banks' own performance are the primary factors affecting stock prices, and therefore, one should not invest in Hk Based Banks with a rigid mindset of "interest rate hikes are beneficial for banks, and interest rate cuts are adverse for banks." The report stated that banks, as a pro-cyclical industry, tend to outperform during a rate cut cycle driven by improving macroeconomic expectations, and that different banks have shown significant divergence in performance during the current cycle.

AASTOCKSDec 31, 2024 12:40

HKMA Launches Generative AI Sandbox for Banks

MT NewswiresDec 23, 2024 16:58

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.

AASTOCKSDec 23, 2024 16:37

Express News | Many banks have lowered the interest rates on US dollar deposits.

BreakingsDec 20, 2024 18:06