Central Plains Mortgage: 726 remortgages were registered in Hong Kong in March, down 41% from the previous month to a record low

Zhitong Finance App learned that Wang Meifeng, managing director of Zhongyuan Mortgage Research, pointed out that according to data from the Central Plains Research Department, the Bank of Hong Kong recorded 726 loan transfers in March 2024. The number hit a record low since 2017, a sharp decrease of 40.9% month-on-month. The reason was that banks raised mortgage interest rates and reduced rebate offers since September last year. The reason for conversion has been drastically reduced, causing the number of conversion applications to drop significantly since the fourth quarter of last year. According to figures from the Hong Kong Monetary Authority, the number of new referrals in February has been falling for 5 months to a 15-year low. As a result, the number of referrals registered in the first quarter of this year has been falling for 2 consecutive months, and fell even lower in March

Zhitong FinanceApr 25 08:59 ET

Central Plains Mortgage: Hong Kong's low level of subsidized housing mortgage registrations in March rebounded more than 3.4 times to a 9-month high

In March, Hong Kong recorded a total of 1,649 subsidized housing mortgage registrations, a sharp rebound of 344.5% from the record in February, a sharp rebound of 344.5% month-on-month, to a record high of the past 9 months. Of these, a total of 1,227 mortgage registrations were registered in the first quarter.

Zhitong FinanceApr 24 06:08 ET

2023年報

Futu NewsApr 24 04:51 ET · Announcements

Buy Rating Affirmed for BOC Hong Kong (Holdings) Amid Positive Financial Outlook and Strategic Growth Initiatives

TipRanksApr 24 00:05 ET

Bank of China Hong Kong: Artificial intelligence has a positive impact on US companies' profits, keep an eye on the performance of US companies in the first quarter

The Zhitong Finance App learned that Zhang Shiqi, head of the Wealth Strategy and Analysis Department of the Bank of China Hong Kong's Personal Digital Financial Products Division, published an article stating that due to economic growth and the popularization of artificial intelligence, the profit growth forecast for US stocks in 2024 has increased as a result. According to the latest data, the annual profit growth forecast for S&P 500 companies in 2024 has risen from February to 9.4% now. The forecast for 2025 is an increase of 14.7%, which is significantly better than the 0.39% increase in 2023. The Federal Reserve's repeated delays in starting interest rate cuts are also reflecting a strong economy, which is expected to have a positive impact on the profits of US companies. Investors can pay more attention to the upcoming

Zhitong FinanceApr 23 21:26 ET

UBS: Maintaining BOCHK's (02388) “Neutral” Rating and Raising the Target Price to HK$21.8

The Zhitong Finance App learned that UBS released a research report stating that it maintains the “neutral” rating of BOCHK (02388). It is expected that in its 2024 first-quarter results announced at the end of April, pre-provision profit and operating profit will grow well. The net interest spread is expected to continue to narrow, and the target price will be raised from HK$20 to HK$21.8. The bank expects adjusted net interest income to record a significant year-on-year increase at a low base. The bank believes that even if the total amount of loans in the banking system falls by 1.8% from the end of 2023, it is still expected that BOCHK loans will increase slightly in the first quarter of this year. In 2023, medium silver incense

Zhitong FinanceApr 17 23:03 ET