FROM YAHOO NEWS Latest news, live updates on 2024 election results HKSE - Delayed Quote ? HKD Bank of Communications Co., Ltd. (3328.HK) Follow Compare 5.970 -0.070 (-1.16%) As of 1:12 PM GMT+8. Market Open. All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations China's big banks post Q3 profit gains, squeeze on net interest margins China's largest lenders posted increases in their third-quarter profits on Wednesday, mostly on reduced provisions, with slimmer net interest margins for some. The frontrunner was Agricultural Bank of China Ltd (AgBank), which reported a 5.88% rise in third-quarter net profit. AgBank, Industrial and Commercial Bank of China Ltd (ICBC) and China Construction Bank Corp (CCB) all posted sluggish growth or a drop in pre-provisions operating income, indicating the banks reduced provisions to boost net profit growth. Reuters ? 6 days ago BCMXY Top SEHK Dividend Stocks To Watch In October 2024 In October 2024, the Hong Kong market has experienced significant volatility, with the Hang Seng Index seeing a notable decline amid concerns over China's economic stimulus measures. As investors navigate these uncertain times, dividend stocks on the Stock Exchange of Hong Kong (SEHK) present an attractive option for those seeking steady income streams and potential stability in their portfolios. Simply Wall St. ? 20 days ago CHHQF CHHQY CRBJF Top SEHK Dividend Stocks To Watch In September 2024 As global markets react to interest rate cuts and economic data, the Hong Kong market has shown resilience amidst a backdrop of fluctuating inflation and trade dynamics. With this in mind, investors may find dividend stocks particularly appealing for their potential to provide steady income regardless of market volatility. A good dividend stock often combines strong fundamentals with a consistent payout history, making it an attractive option for those seeking stability in uncertain times. Simply Wall St. ? last month ZHSHF ZSHGY 3988.HK -2.11% China's state-owned banks face thinner margins amid Beijing's call to support economy China's largest state-owned banks are expected to struggle with thinner margins later this year and into 2025, according to analysts, after these lenders this week reported profit declines amid Beijing's call to extend a lifeline to the troubled property sector and support the economy. The Industrial and Commercial Bank of China, the world's biggest bank by assets, on Friday reported a net profit of 170.5 billion yuan (US$24 billion) for the six months ended June 30, down 1.8 per cent compared w South China Morning Post ? 2 months ago BCMXY China's top banks post lower second quarter profit as property sector weighs Four of China's five largest lenders reported a lower second-quarter profit this week after responding to a government nudge to lower lending rates in order to stimulate weak loan demand amid a slowing economy and struggling property sector. China since last year has rolled out a string of property stimulus measures and cut benchmark lending rates and mortgage rates to boost growth in the world's second-largest economy. Industrial and Commercial Bank of China Ltd (ICBC), the world's largest lender by assets, and China Construction Bank Corp (CCB) reported a 0.8% drop and 1.4% fall in second-quarter net profit respectively on Friday. Reuters ? 2 months ago BCMXY Financial Services Roundup: Market Talk Find insight on Canadian Imperial Bank of Commerce, PensionBee Group, Bank of Communications and more in the latest Market Talks covering Financial Services. The Wall Street Journal ? 2 months ago 601328.SS CBGPF CBGPY SEHK Dividend Stocks Spotlight China Shenhua Energy And Two More As global markets navigate through volatility and economic uncertainties, the Hong Kong market has shown resilience with the Hang Seng Index posting a modest gain. In this environment, dividend stocks can offer a stable income stream, making them an attractive option for investors seeking reliability amidst market fluctuations. When selecting dividend stocks, it's crucial to consider companies with strong fundamentals and consistent payout histories. This article will spotlight three such... Simply Wall St. ? 2 months ago 1263.HK CSUAY CUAEF China's US$1.3 billion of 'dim sum' bond sale overbought as appetite grows for yuan debt The Chinese government's fourth sale of yuan-denominated sovereign bonds in Hong Kong this year was vastly overbought, as investors rushed to take advantage of the yield gap with the mainland through a transborder investment channel with the city. The 9 billion yuan (US$1.3 billion) tranche of bonds, offered with tenures of two years, three years and 10 years, attracted 30.4 billion yuan of bids from investors, according to the Hong Kong branch of Bank of Communications (Bocom), the sole agent o South China Morning Post ? 2 months ago BCMXY Cathay Pacific Airways Leads Three SEHK Dividend Stocks To Consider Amidst a backdrop of global economic shifts and market recalibrations, the Hong Kong stock market remains a focal point for investors seeking stable returns through dividend-paying stocks. In this environment, understanding the characteristics that define resilient and potentially lucrative investments becomes crucial, especially in sectors like aviation where companies like Cathay Pacific Airways are prominent. Simply Wall St. ? 3 months ago 3328.HK -1.16% CPCAF CPCAY Unveiling Three Hong Kong Dividend Stocks With Yields Up To 7.6% Amidst a fluctuating global economic landscape, Hong Kong's market has shown resilience, reflecting broader trends seen in major indices worldwide. As investors navigate these conditions, dividend stocks remain appealing for their potential to offer steady income streams and relative stability. Simply Wall St. ? 4 months ago LNVGF LNVGY 3328.HK -1.16% China's Bank of Communications Q1 profit rises 1.44% China's Bank of Communications Co Ltd (BoCom), reported a 1.44% rise in first-quarter net profit amid a slowing economy. BoCom, the first among five of the nation's biggest state banks reporting first-quarter results, booked a net profit of 24.99 billion yuan ($3.45 billion) in the three months ended March, up from 24.63 billion yuan in the same period last year, the bank said in a filing on Friday. China's lenders face shrinking profitability as they are urged to reduce interest rates on loans to help bolster flagging sectors as lending demand falls. Reuters ? 6 months ago BCMXY China's Big Five lenders post shrinking margins, warn of property risks Five of China's largest lenders have posted shrinking net interest margins (NIM), while warning of ongoing property sector risks. Amid a slowing economy, China's lenders are under pressure to reduce interest rates on the loans they make to bolster flagging sectors as demand for lending falls. On Thursday, China Construction Bank Corp (CCB), Bank of China (BoC) and Agricultural Bank of China (AgBank) all reported sliding margins - a key gauge of profitability - in their annual results. Reuters ? 7 months ago IDCBF ACGBF BCMXY HSBC shares plunge after China crisis sparks ‘messy’ quarter HSBC was stung by China’s economic slowdown after a “messy” quarter including a $3bn (￡2.4bn) writedown sent its share price tumbling by 8pc in one of the worst falls in the bank’s history. The Telegraph ? 8 months ago HSBC BCMXY Aldi plans to create 5,500 jobs as shoppers switch to discounters Aldi is to create 5,500 new jobs this year as the supermarket chain continues its expansion across the UK as shoppers switch to cheaper retailers. The Telegraph ? 8 months ago ^FTSE NVDA GLNCY China’s economic troubles are hurting global banks HSBC posted a big drop in quarterly profit Wednesday after taking a $3 billion hit on its stake in China’s Bank of Communications (BoCom) and another charge related to exposure to the country’s troubled real estate industry. CNN Business ? 8 months ago HSBC BCMXY Performance Overview Trailing total returns as of 11/6/2024, which may include dividends or other distributions. Benchmark is SSE Composite Index Return 3328.HK SSE Composite Index YTD +31.40% +13.75% 1-Year +35.29% +11.65% 3-Year +60.36% -3.08%
