02388 BOC HONG KONG
- 26.050
- -0.100-0.38%
BOC HONG KONG News
Brokerage morning meeting highlights: China's semiconductor industry's domestic market demand and self-controllable direction are clear.
At today's brokerage morning meeting, citic sec believes that the domestic market and self-controllable direction are clear development directions for China's semiconductor industry; gtja pointed out that the improvement in domestic demand is expected to continue to heat up, highlighting the elasticity of baijiu; htsc stated that bank performance is expected to stabilize, seizing structural opportunities.
USD/CAD Price Forecast: Corrects Below 1.3900 as Traders Brace for Fed's Policy Decision
Pan Gongsheng: steadily promoting the opening up of the financial services industry and financial market systems, expanding the interconnection of domestic and foreign financial markets.
①The fundamentals of the Chinese economy, the broad market, strong economic resilience, and great potential have not changed; ② Continue to adhere to the supportive mmf policy, strengthen communication with the market, and constantly improve the quality and effectiveness of financial services.
Large banks are accelerating their expansion to lower-tier cities! The balance of inclusive small and micro loans is increasing while interest rates are decreasing. Small and medium-sized banks are speeding up to attract customers.
From the perspective of inclusive finance, state-owned banks continue to lower the average interest rate on inclusive loans for small and micro enterprises this year, while the loan balance has grown rapidly since the beginning of the year. Joint-stock banks and city commercial banks, on the other hand, compete for customers based on service quality.
S&P Affirms Hong Kong's BOC Group Life Assurance at A
Citic Sec: The implementation of advanced methods of capital measurement is progressing in an orderly manner. It is recommended to reevaluate the investment value of banks.
From the perspective of investing in the banking sector, the revenue growth rate and profit growth rate of listed banks in the third quarter have both improved, with overall sound asset quality. Currently in the observation period of the macroeconomic policy effects, the subsequent policy support is expected to help alleviate real risks, especially the credit risks of the urban investment and real estate sectors, providing a solid foundation for the stability of the banks' net assets.
Zhongyuan Mortgage: Hong Kong's property market trading volume surged in October, with an expected rebound in new building mortgage registrations in the first quarter of next year.
Wang Meifeng, the Managing Director of Zhongyuan Mortgage, stated that recently, the Hong Kong property mortgage market has been fully liberalized, coupled with several bullish factors such as the easing of the interest rate period, active bank property mortgages, central economic stimulus measures, etc., leading to a significant increase in market confidence and an improved real estate market sentiment.
Rules for the normalization of existing house loan interest rates have arrived! Understand it in one article.
①Preliminary statistics show that as of October 28, 21 nationwide banks have completed batch adjustments, totaling 53.667 million transactions, reducing the outstanding housing loan interest rates by 25.2 trillion yuan. ②After this round of batch adjustments, the interest rates for existing housing loans have been reduced to 3.3%. If the gap between existing and new housing loan rates is greater than 30 basis points, it will drive a new round of reductions in existing housing loan rates.
CICC: Maintains boc hong kong's "outperform industry" rating with a target price of HK$29.53.
CICC released a research report stating that it maintains a 'outperform industry' rating for BOC Hong Kong (02388), with a target price of 29.53 Hong Kong dollars unchanged. BOC Hong Kong released its 3Q24 performance brief: revenue of 18.479 billion Hong Kong dollars (+4.2% compared to the bank's expectations), an increase of 3.9% year-on-year; operating profit of 12.987 billion Hong Kong dollars (+5.7% compared to the bank's expectations), an increase of 7.8% year-on-year. Performance slightly exceeded the bank's expectations, mainly due to the good performance of net interest margin and net trading income. CICC's main points are as follows: optimization of asset-liability structure driving the stabilization of net interest margin. The company's adjusted net interest income in 3Q24 increased by 1 on a month-on-month basis.
EqualOcean Hong Kong Stock Early Knowing | Six Departments Accelerate the Construction of Large Wind Power and Photovoltaic Bases. Byd Company (01211) third-quarter net profit attributable to the mother is 11.607 billion yuan.
On October 30, Li Ka-shing and Li Zeju reduced their shareholding in Postal Savings Bank of China (01658) by 20.153 million shares, with a price per share of 4.6294 Hong Kong dollars, totaling approximately 93.2963 million Hong Kong dollars. The latest number of shares held after the shareholding reduction is approximately 1.186 billion shares, with the latest shareholding percentage at 5.97%.
Investing in BOC Hong Kong (Holdings) (HKG:2388) a Year Ago Would Have Delivered You a 31% Gain
The operating conditions of the six major state-owned banks in the first three quarters have all been revealed, with a total net profit attributable to the parent company exceeding 1 trillion, earning 3.867 billion per day, and the overall asset quality i
As of October 30, the quarterly reports of state-owned major banks have all been disclosed. Among the six state-owned major banks, the revenues of ICBC, ABC, and BOC for the first nine months year-on-year. Bank of Communications, Agricultural Bank of China, China Construction Bank showed that the proportion of time deposits is still rising.
BOC Hong Kong 3Q Net Operating Income Before Impairment Allowances HK$18.48B Vs. HK$17.54B >2388.HK
In the first three quarters, boc hong kong (02388.HK) recorded operating profit before impairment provision of 41.444 billion Hong Kong dollars, a year-on-year increase of 13.4%.
On October 30, BOC Hong Kong (02388.HK) announced that in the first 9 months of 2024, the Group's net operating income before impairment losses increased by 10.7% year-on-year to HKD 53.815 billion. Net interest income after taking into account the funds income or cost of foreign exchange forward contracts was HKD 43.604 billion, a 10.4% year-on-year increase, driven by a 9.9% growth in average interest-earning assets; net interest margin remained stable at 1.62% year-on-year. Operating profit before impairment losses was HKD 41.444 billion, a 13.4% year-on-year increase. As of September 30, 2024, the Group's total assets
Express News | BOC Hong Kong - 9M Operating Profit Before Impairment Allowances HK$41,444 Mln
Financial and Business Review for the Third Quarter of 2024
Chung Hing Mortgage: In September, the number of elderly mortgages registered increased by over 70% from the previous month to 32 cases.
According to data from the Zhongyuan Mortgage Research Department and the Land Registry, there were 32 cases of elderly mortgage registrations in September 2024, an increase of 14 cases compared to 18 cases in August, a month-on-month increase of 78%.
When will the repricing cycle change after the adjustment of the existing house loan interest rate? ICBC and CMB are already preparing relevant work, while many banks have no plans yet.
Industrial and Commercial Bank of China, CM Bank stated that they are actively preparing for the relevant work of redefining the 'repricing day' for housing loans. Prior to this, the central bank announced that starting from November 1, 2024, for floating-rate contracts, borrowers of commercial individual housing loans can negotiate with banks and financial institutions in the industry to agree on a repricing cycle. Today's adjustment of existing housing loan interest rates only involves additions or deductions, and does not involve changes in repricing cycles.
Chung Yuan: In September, there were 468 cases of Hong Kong property transactions recorded in second-lowest historical levels. It is expected to remain at a low level in the future.
In September, there were 468 cases of bank mortgage registration in Hong Kong, second only to the historical low of 463 cases in August, ranking as the second lowest level on record.
October's MLF maturity scale is the largest since the beginning of the year. The central banks will continue to reduce the balance sheet by 700 billion yuan. Industry insiders expect that starting from October, the addition of bank loans will resume year-
1. In October, the MLF operation interest rate remained unchanged, with an operation scale of 700 billion. The amount of MLF due that month was 789 billion, the largest due amount since the beginning of the year. This means that a slight reduction in operations was implemented this month. 2. Industry insiders point out that the reduction in operation scale this month is not significant, determining that new bank loans will resume year-on-year growth from October.
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