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Survey: Banks' deposits continue to be the most popular investment tool. 27% of respondents indicated that their average total monthly income has increased.
The latest poll results released by the Hong Kong Research Association indicate that about 30% of respondents consider "banks deposits" to be the most prudent investment tool, representing a 6 percentage point increase from the previous survey and reaching a record high. Some of the reasons are believed to be related to the market's expectation of a rate cut in the USA, attracting many citizens to invest their savings in time deposits. In addition, about 8% of respondents chose "bonds," an increase of 2 percentage points; 7% chose "real estate," a decrease of 10 percentage points, ranking the same as "other"; the proportions of the remaining options range from 2% to 4%; while "don't know/hard to say" and "no opinion" together account for 37%. The related survey also found that there were 27
8 local banks have lowered their deposit rates. Hang Seng and boc hong kong's three-month fixed deposit rates have all been reduced by 0.1 basis points.
Following HSBC's cut in the annual interest rate of three-month fixed deposits by 0.1 basis points to 3.5 basis points last Friday (16th), 8 local banks including Hang Seng Bank (00011.HK), Bank of China Hong Kong (02388.HK), Citibank (C.US), BOC International, DBS Bank, Public Bank, CMB Wing Lung Bank, and Tianxing Bank, also lowered their fixed deposit rates yesterday (22nd). Among them, Hang Seng Bank lowered its fixed deposit rate for the second time this month, with a 0.1 basis points cut on the 7th and another 0.1 basis points cut to 3.4% yesterday. As for Bank of China Hong Kong, it also cut its three-month fixed deposit rate.
PUBLIC FIN HOLD: Interim Report 2024
Public Financial Holdings Turns to Loss in H1 2024
Public Fin Hold (00626) announced its interim results, with a net loss of 34.493 million Hong Kong dollars, a year-on-year reversal from profit to loss.
Public Fin Hold (00626) announces its mid-term performance for 2024, with a net interest income of approximately HKD 0.471 billion, a year-on-year comparison ...
Public Fin Hold (00626.HK) total interest income in the mid-term increased by 6.7% year-on-year to HKD 1.0138 billion.
On July 18th, Gelunhui reported that Public Fin Hold (00626.HK) recorded a post-tax loss of HKD 34.5 million for the six months ended on June 30, 2024, a significant decrease of HKD 0.1483 billion compared to the same period last year. The group's basic loss per share was HKD 0.03. Due to the uncertainty of the operating environment and financial performance, the Board of Directors did not declare an interim dividend. During the review period, the group’s total interest income increased HKD 63.3 million or 6.7% to HKD 1.0138 billion, mainly due to an increase in interest income from debt securities investments in a higher interest rate environment. Total.
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