Bank of Hong Kong stocks generally declined in early trading. As of press release, Standard Chartered Group (02888) fell 2.68% to HK$59.9; HSBC Holdings (00005) fell 2.46% to HK$59.45; Bank of East Asia (00023) fell 1.39% to HK$9.25; and BOCHK (02388) fell 0.84% to HK$18.88.
The Zhitong Finance App learned that Bank of Hong Kong stocks generally declined in early trading. As of press release, Standard Chartered Group (02888) fell 2.68% to HK$59.9; HSBC Holdings (00005) fell 2.46% to HK$59.45; Bank of East Asia (00023) fell 1.39% to HK$9.25; Bank of China Hong Kong (02388) fell 0.84% to HK$18.88.
According to the news, Haitong International pointed out that local loan growth in Hong Kong is relatively weak, and there is still no significant improvement in the risk of loan exposure involving domestic housing. Based on the share of domestic housing exposure and the progress of high-risk loan accruals, we recommend that you pay attention to Standard Chartered Bank.
Goldman Sachs previously released a research report saying that China's real estate risk exposure has increased losses. Investors have anticipated that the stock price has also reflected related negative factors. Currently, the impairment in the real estate business of the Bank of Hong Kong is not too serious, but the exposure related to the Bank of Hong Kong is much larger. It is expected that many banks will need to start making moderate adjustments starting this year, but it is believed that the impact on bank profits is limited.