02388 BOC HONG KONG
- 25.550
- +0.200+0.79%
BOC HONG KONG News
Chung Hing Mortgage: Hong Kong banks promote estimated interest mortgage plans to stabilize interest income, expected not to trigger an interest rate war.
HSBC (00005), BoC (02388) successively launched fixed-rate mortgage plans, locking the interest for up to 5 years, with fixed interest rates between 3.15% and 3.35%, lower by 0.525% to 0.725% compared to the current market interest level of 3.875%.
Daiwa: Maintains boc hong kong's "In Sync with the Market" rating, with the target price raised to 24.2 Hong Kong dollars.
Morgan Stanley released a research report stating that it maintains a 'market perform' rating on BOC Hong Kong (02388), as strong growth in system deposits has raised expectations for interest-earning assets (AIEA), offsetting lower net interest margin (NIM) forecasts, leading to upward revisions in net interest income forecasts for 2024 and 2026, with the target price increased by 1.7% to 24.2 Hong Kong dollars from 23.8 Hong Kong dollars. Following the upward revision in profit forecasts, Morgan Stanley raised its bearish/neutral/bullish forecasts by 2.8%/1.6%/0.5% respectively. The report indicates that non-Net Interest Income forecast for BOC Hong Kong has been raised, reflecting an increase in forex swap income.
Daiwa: Maintains boc hong kong (02388) 'In Sync with the Market' rating, target price raised to 24.2 Hong Kong dollars.
Daiwa has raised boc hong kong (02388) bearish/basic/bullish market forecasts by 2.8%/1.6%/0.5% respectively.
Trending Industry Today: CHINA VANKE Leads Gains In Greater Bay Area Stocks
Interbank certificate of deposit quotas are in urgent need! Some banks are already below 5%, and the situation may improve in the fourth quarter.
①The balance of negotiable certificates of deposit in the six major state-owned banks accounts for 82.04% of the 2024 record amount, while the balance of negotiable certificates of deposit in joint stock banks accounts for 68.75% of the 2024 record amount. ②The supply of government bonds in the fourth quarter will significantly decrease compared to the third quarter, and the scale of interbank certificates of deposit maturing will also decrease significantly.
BOC Hong Kong Appoints New Auditor With Major Shareholder Approval
Central Bank responds to "Switching Mortgages", stating that the initial phase will start from this bank. Industry insiders expect new mortgages to replace existing ones, with limited impact on the existing market.
The emphasis on "initially implementing mortgage transfers within the bank" is mainly because the existing housing loans are still high-yield, low-risk quality assets for banks. Allowing inter-bank mortgage transfers will intensify competition among banks, which is not conducive to the stability of the mortgage market. Banks are expected to negotiate with customers, and both parties will sign a new mortgage contract to replace the original one.
Existing home loan interest rates are about to be lowered by 50 basis points! Industry insiders: It can effectively curb the trend of early repayment, and deposit interest rates will be further reduced under the pressure of interest rate differentials.
1. The central bank announced that it will guide commercial banks to reduce existing mortgage rates to be close to the rates of new mortgages, with an average reduction of about 0.5 percentage points. 2. It is expected that the loan prime rate (LPR) and deposit rates will symmetrically decrease.
Multiple bullish factors stimulate the strong performance of bank stocks, cm bank's Hong Kong stocks surged.
What bullish news was announced this morning? How do institutions view bank stocks at the moment?
Major announcements on the real estate market and stock market were made by one line, one bureau, and one association.
1. The central bank: reduce the reserve requirement ratio, lower the interest rate on existing housing loans; establish a special refinancing facility to guide banks to provide loans to listed companies. 2. China Banking and Insurance Regulatory Commission: strengthen the core tier-one capital of 6 large commercial banks; reveal three optimization policies for renewing loans for small and micro enterprises. 3. China Securities Regulatory Commission: will issue opinions to promote the entry of medium and long-term funds into the market and six measures to promote mergers and acquisitions; support sovereign wealth funds to increase their shareholding in the capital markets.
Capital markets are getting a fresh boost! The central bank has set up a special refinancing facility for securities, funds, insurance companies to facilitate share buybacks and shareholdings, which can only be used for investing in the stock market.
1. Establishing securities, fund, and insurance companies to facilitate mutual exchange, supporting eligible securities, fund, and insurance companies to obtain liquidity from the central bank through asset pledging, significantly enhancing the ability to raise funds and shareholding capabilities in stocks; 2. Establishing a special refinancing facility for share buyback, guiding banks to provide loans to listed companies and major shareholders, supporting share buybacks and shareholding in stocks.
Another cut! After the 7-day reverse repurchase rate was lowered 2 months ago, today the 14-day reverse repurchase rate was reduced by 10 basis points. How significant is the impact?
① The policy rate will be based on the 7-day reverse repo rate in the future. ② Since the news of the adjustment of the existing housing loan interest rate has been circulating for two weeks, there has been no official denial. Moreover, there has been a strong market demand, and most market institutions believe that it is only a matter of time for the formal operation and implementation.
Intelligence Hong Kong stocks short sale statistics | September 23
Hong Kong stocks short selling statistics | September 23rd.
There is no urgent need for a short-term downward adjustment. The September LPR quote remains unchanged. It is expected that the major policy interest rates may be lowered within the year to promote LPR adjustment.
①The main reason for the stable LPR interest rate in September is the pressure of banks' net interest margin, and the policy interest rate (7-day reverse repurchase rate) remains unchanged. ②Taking into account the current economic situation and price trends, the central bank may lower the main policy interest rate, that is, the 7-day reverse repurchase rate, by an estimated 10 to 20 basis points in the fourth quarter, which will guide the LPR quote to follow suit.
Rating of major banks | Goldman Sachs: Among Hong Kong banking stocks, HSBC and Standard Chartered are positioned as superior to Hang Seng Bank and Bank of China (Hong Kong)
According to the report published by Daiwa, after the Fed cut interest rates by 50 basis points, HSBC announced a 25 basis point reduction in the most favorable interest rate and current savings deposit rate. Other banks also followed suit. This aligns with the bank's view that the rate of decline in the most favorable interest rate and savings rate will be half of the Fed's rate cut speed. The bank assumes that the US will cut interest rates by about 150 basis points by the end of next year. In the environment of falling interest rates, the key for Hong Kong banks lies in better loan or fee income growth, declining credit risks, cost control, and to what extent capital risk can help offset the pressure of net interest margin on Return on Equity (RoE). The bank points out that if
Gao Li: Rate cuts boost investment prospects in Hong Kong, with house prices expected to fall by up to 10% for the whole year.
According to the Intelligent Finance News app, the Fed cut interest rates by 50 basis points, and HSBC (00005) and Bank of China Hong Kong (02388) announced separately that they would lower their preferential interest rates by 25 basis points. Li Wanyin, head of High Power Research Department, said that the total investment in the Hong Kong real estate market this year is expected to exceed 30 billion Hong Kong dollars, and in 2025, if the economic situation becomes more optimistic, the total investment is expected to further increase to 37 billion Hong Kong dollars. The implementation of the interest rate cut policy may encourage investors to actively seek market opportunities, especially those undervalued and located in core areas of high-quality assets, and may also attract international capital inflow.
After the Mid-Autumn Festival, the preferential interest rates for consumer loans from banks starting with the number "1" will gradually come to an end. 2.88% is still the mainstream, and industry insiders believe that in the long term, it will still rema
Although various commercial banks have launched consumer credit preferential activities, the optimal level of market consumer credit annual interest rate is still maintained at 2.88%. In order to increase the intensity of credit release, banks have lowered the interest rate of consumer loans and competing for new customers with price reduction has become a common practice in the consumer credit market. The interest rate center is in a downward channel, and consumer credit interest rates are expected to continue to decline, and the market consumer credit level may enter the range of the single digits.
BOC Hong Kong: The Federal Reserve should gradually reduce interest rates to prevent inflation from rising sharply again.
Boc Hong Kong's General Manager of Investment Management, Wang Zhaozong, said that the magnitude of this interest rate cut is roughly in line with the forecast of the interest rate futures market, and it is believed that it will not cause significant market fluctuations.
All You Need to Know About BOC Hong Kong (BHKLY) Rating Upgrade to Buy
The market is concerned about the situation of the US Federal Reserve's interest rate cuts. Hong Kong-based banks are generally doing well. Hang Seng Bank (00011) rose 2.66%.
King Golden Financial News | The market is focusing on the situation of the Fed rate cut, with HK based banks generally performing well. Hang Seng Bank (00011) rose by 2.66%, BOC Hong Kong (02388) rose by 2.35%, Dahsing Banking (02356) rose by 2.29%, HSBC Holdings (00005) rose by 1.12%, Bank of E Asia (00023), and Stanchart (02888) followed the upward trend.
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