News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Research>Citi: Falling HIBOR Puts Short-term Pressure on HK Banks' NIM
HKD/ USD reached the 7.75 strong-side Convertibility Undertaking (CU), prompting the Hong Kong Monetary Authority (HKMA) to intervene by injecting funds into the market, which incr...
Reset
Send
The window will close in 5 seconds
<Research>Citi: Falling HIBOR Puts Short-term Pressure on HK Banks' NIM
Close
Recommend
27
Positive
42
Negative
31
 
SHORT SELL
 
STOCK INFO

HKD/ USD reached the 7.75 strong-side Convertibility Undertaking (CU), prompting the Hong Kong Monetary Authority (HKMA) to intervene by injecting funds into the market, which increased the balance of the Hong Kong banking system from $45 billion at the end of April to about $174 billion as of 8 May, driving the HIBOR down, according to a research report issued by Citi Research.

As of 8 May, one-month HIBOR has fallen to 2.09%, down by a total of 1.86 ppts during the month. The broker believed that this may bring short-term pressure on banks' net interest margin (NIM), while an one-month HIBOR below 2.2% may lead to a repricing of mortgage loan interest rates.

Related NewsHSBC Global Research Ratings, TPs on CN Banks/ Financials/ Insurers/ Brokers (Table)
For every 25 bps drop in Hong Kong's interest rates, HANG SENG BANK (00011.HK)  +0.800 (+0.719%)    Short selling $35.02M; Ratio 17.354%   / BOC HONG KONG (02388.HK)  +0.250 (+0.766%)    Short selling $42.77M; Ratio 17.367%   will face downward pressure on their profits before tax of 1.3%/ 2.1%, while HSBC/ Stanchart will face a negative impact of 0.3%/ 0.2%, according to Citi Research's estimations.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-13 12:25.)

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.