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HANG SENG BANK's Diana Cesar: Sustained High Interest Rate May Affect Desire to Buy Home
HANG SENG BANK (00011.HK) held a general meeting today (8th). As of December 2023, home mortgage loans accounted for 40% of HANG SENG BANK's total loans, with very low delinque...
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HANG SENG BANK's Diana Cesar: Sustained High Interest Rate May Affect Desire to Buy Home
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HANG SENG BANK (00011.HK)  +0.700 (+0.623%)    Short selling $65.43M; Ratio 24.569%   held a general meeting today (8th). As of December 2023, home mortgage loans accounted for 40% of HANG SENG BANK's total loans, with very low delinquency ratio, emphasizing that business performance was solid, CEO Diana Cesar said.

Hong Kong's property market is affected by various factors, Cesar added. If interest rates remain high in the short term, it may affect the desire to enter the market. However, with the Hong Kong government's relaxation of measures in the property market, it is believed that if the overall economy continues to grow, the property market sentiment will improve.

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When asked whether HANG SENG BANK would imitate its parent company, HSBC HOLDINGS (00005.HK)  +0.300 (+0.438%)    Short selling $112.45M; Ratio 8.909%   , in declaring special dividend, Cesar said that HANG SENG BANK's dividend policy would be consistent, and that it would continue to reward its shareholders while maintaining its growth momentum.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-20 16:25.)

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