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
HKMA Arthur Yuen Hopes Banks Will Reasonably Handle Mortgages of Dismissed Employees
HANG SENG BANK (00011.HK) is dismissing employees, according to recent hearsay. When asked about the handling of mortgages taken out by laid-off HSB employees under employee prefer...
Reset
Send
The window will close in 5 seconds
HKMA Arthur Yuen Hopes Banks Will Reasonably Handle Mortgages of Dismissed Employees
Close
Recommend
8
Positive
15
Negative
18
 
SHORT SELL
 
STOCK INFO

HANG SENG BANK (00011.HK)  -3.600 (-3.246%)    Short selling $74.27M; Ratio 23.527%   is dismissing employees, according to recent hearsay. When asked about the handling of mortgages taken out by laid-off HSB employees under employee preferential terms, Arthur Yuen, Deputy Chief Executive, Hong Kong Monetary Authority (HKMA), responded that he hopes the bank will reasonably consider the actual financial situation of such employees during the dismissal process.

Regarding whether this might lead to issues with these employees' mortgages not meeting the macro-prudential measures initially required by regulators, Yuen considered that the market need not worry.

Related NewsJPMorgan Forecasts HK Banks' Earnings to Drop 21% on Average This Yr If 1-Mth HIBOR Stabilizes at 2%
He mentioned that banks had previously consulted the HKMA about the situations, and the HKMA responded that these are special circumstances and will flexibly consider the banks' handling plans, so the market need not worry.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-16 16:25.)

AASTOCKS Financial News
Website: www.aastocks.com
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.