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Hong Kong Central Bank Cuts Interest Rate Tracking Fed Move, Banks Follow
Zhongyuan Mortgage: In November, there were 24 home loan registrations in Hong Kong, a decrease of 52% compared to last month.
According to data from the Central Plains Mortgage Research Department and the Land Registry, there were 24 registered elderly mortgage applications from banks in Hong Kong in November 2024, which is a decrease of 52% compared to the previous month.
Bank of e Asia (00023): It is expected that the Hang Seng Index will reach 22,500 points in the first half of next year, and that Hong Kong property prices will rise by 5% throughout the year.
Regarding Hong Kong property prices and GDP, the bank expects a rebound of 5% and a growth of 2.5% respectively next year. Property prices are anticipated to be driven by falling interest rates; the government's relaxation of demand management measures; and effective policies to attract talent.
Bank of East Asia: Bi Ming-Qiang Has Been Appointed as Deputy Chief Executive
Bank of e Asia (00023): Bi Mingqiang has been appointed as the Group's Deputy Chief Executive Officer.
Bank of E Asia (00023) announced that Bi Mingqiang has been appointed as the Group's Deputy Chief Executive Officer, mainly responsible for managing the group's overall...
Express News | Bank of East Asia - Bi Ming-Qiang Appointed as Deputy Chief Executive
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