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According to the report published by Daiwa, after the Fed cut interest rates by 50 basis points, HSBC announced a 25 basis point reduction in the most favorable interest rate and current savings deposit rate. Other banks also followed suit. This aligns with the bank's view that the rate of decline in the most favorable interest rate and savings rate will be half of the Fed's rate cut speed. The bank assumes that the US will cut interest rates by about 150 basis points by the end of next year. In the environment of falling interest rates, the key for Hong Kong banks lies in better loan or fee income growth, declining credit risks, cost control, and to what extent capital risk can help offset the pressure of net interest margin on Return on Equity (RoE). The bank points out that if
