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Jefferies Reaffirms Their Buy Rating on BOC Hong Kong (Holdings) (BNKHF)
Meridians: In February, the number of existing flat mortgage transactions in Hong Kong increased by nearly 30%, reaching a seven-month high.
In February 2025, the number of existing mortgage transactions in Hong Kong was 5,393, an increase of 1,192 transactions (28.4%) compared to 4,201 in January, marking three consecutive months of growth and reaching a seven-month high.
CITIC SEC: Market style stabilizes, Banks stocks are expected to continue a steady upward trend.
Overall, the policies since the fourth quarter have a direct effect on stabilizing financial risks. During the Two Sessions, the likelihood of those policies significantly exceeding expectations is low, but the 'uncertain' policies are moving towards 'certainty'. Therefore, bank stocks are expected to continue a steady upward trend.
China's Central Bank Conducts 300 Billion Yuan Medium-term Lending Facility Operation
Central Plains Mortgage: The number of mortgage registrations in Hong Kong in January rose by 19% month-on-month to 540, reaching a six-month high.
In January of this year, Hong Kong's Banks recorded a total of 540 mortgage registrations, representing a month-on-month increase of 19.2%, marking the second consecutive month of growth and a six-month high.
The central bank carried out a one-year MLF operation of 300 billion yuan with interest rates remaining unchanged.
The People's Bank conducted a 300 billion yuan medium-term lending facility (MLF) operation, with a term of 1 year and a winning interest rate of 2.00%.