Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>HSBC Research: Active Capital Mkt Remains Key Catalyst; BOC HONG KONG/ BANK OF E ASIA/ HKEX Preferred
Recommend 24 Positive 32 Negative 14 |
||||
|
||||
|
Driven by HKD deposits, deposits in Hong Kong banks continued to grow by 0.8% MoM or 3.5% YoY, according to a report from HSBC Global Research. The vibrant capital market was also conducive to financing demand. Meanwhile, property development and investment loans fell by 2.7% QoQ or 13.4% from the peak in 2022, but the number of active IPO applications rose to 161 from 120 in March, said the report. Looking ahead, the strong IPO momentum will benefit both Hong Kong banks' turnover and margin financing demand. HSBC Global Research was bullish on BOC HONG KONG (02388.HK) and BANK OF E ASIA (00023.HK) in the banking sector. It also preferred HKEX (00388.HK). AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
