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Banks Poised to Seize More Buildings in Hong Kong, PwC Says
BOC Hong Kong survey shows that the average net assets per capita of those who come to Hong Kong through the talent program is HKD 3.7 million, nearly 50% higher than the overall respondents.
The latest survey by BOC Hong Kong shows that over 30% of the respondents came to Hong Kong through different talent plans, and their net assets reached HKD 3.7 million, nearly 50% higher than the overall respondents. The proportion of flexible assets that can be adjusted is also close to 70%.
Zhongtai Securities: Why were bank stocks the top gainer in Q2?
The marginal inflow of various funds and the rare outflow of institutional funds have driven banks to rank first in terms of rising stocks.
BOC Hong Kong (02388): The market is adjusting its expectations of rate cuts. It is expected that the Hang Seng Index will stabilize and rise after reaching the 16,000 point level.
She added that based on past experience, gold is expected to rise to around $2500 before and after interest rate cuts.
HK based banks collectively fell, with stanchart (02888) dropping more than 4%. The market is worried about the interest rate cut which will narrow net interest income.
hk based banks collectively fell. As of press time, stanchart (02888) fell by 4.14%, closing at HKD 72.9; hsbc holdings (00005) fell by 3.44%, closing at HKD 65.9; hang seng bank (00011) fell by 2%, closing at HKD 90.5.
In July, Hong Kong's property mortgage for existing buildings increased by 20%, reaching a new high in 11 months. However, the mortgage for off-plan properties decreased by 30%.
According to the latest data from the Department of Mortgage Intermediaries and Land Registry, there were 5,941 mortgage cases for existing buildings in Hong Kong in July 2024, an increase of 998 cases (20.2%) from June's 4,943 cases. This marks a two-month consecutive increase and a new 11-month high.
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