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HKMA collaborates with Cyberport and banks to organize the 'SME Digital Technology Solutions Showcase Day'.
The Hong Kong Monetary Authority announced that yesterday, together with Hong Kong Cyberport, the Hong Kong Association of Banks, and the Hong Kong Chinese-funded Banking Industry Association, they held the "Digital Technology Solutions Showcase Day for Small and Medium Enterprises". Over 100 representatives from dining and retail trade small and medium enterprises, banks, and technology solution providers exchanged ideas on how the banking industry can support the digital transformation of small and medium enterprises through big data and technology. The Monetary Authority mentioned that currently, 7 banks have committed to launching fast-track loan products for small and medium enterprises that have applied for the "Digital Transformation Support Pilot Program", with approval within 5 working days, meeting the financial needs of small and medium enterprises in changing business operations and expanding into new business and markets.
USD/CAD Strives to Break Above 1.3950 as US Dollar Soars
Express News | boc hong kong has lowered the HKD prime loan rate from 5.625% to 5.375%.
boc hong kong expects the Fed to cut interest rates by 0.25 percentage points next month, with an estimated further cut of 1 percentage point next year.
The Federal Reserve, as expected by the market, reduced the interest rate by 0.25%. BOC Hong Kong (02388.HK) Deputy General Manager of Private Banking, Chen Weiquan, believes that if Trump is elected President of the USA, his economic policies including tax cuts and increased tariffs are expected to stimulate economic growth. However, this may also raise the inflation rate, prompting the Federal Reserve to slow down the pace of interest rate cuts. Chen Weiquan believes that the Federal Reserve still needs to maintain loose monetary policy, predicting further cuts of 0.25 percentage points within this year, and another 1 percentage point next year, to around 3.25%. During the rate-cutting cycle, the expectation is for US long-term bond yields to rise due to monetary policy, including the US 10-year treasury notes yield.
China Life Insurance has reached a strategic cooperation with Zenlin Daikang Health and Jianfa International Travel on cross-border residence and health care.
BOC Hong Kong (02388.HK) and BOC Group Life Insurance jointly participated in the 7th China International Import Expo silver economy theme series activities. At the event, BOC Life Insurance signed a strategic cooperation memorandum of understanding on cross-border residential health care with Zhenlin Health Holdings under Yee Lee Group in Macau, as well as Xiamen Jiande International Travel Agency Group (Jiande Guolv) . BOCC Life CEO Deng Ziping stated that BOCC Life will collaborate with BOC Hong Kong, leveraging the advantages of "banks + insurance", relying on BOC's global, integrated, and scenario-based resources and strengths, to cooperate and build a "comprehensive financial products + multi
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.
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