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Hong Kong stock market noon update | all three major indexes fell sharply, with internal banking, marine transportation, and golden industrial concept stocks falling. COSCO Shipping Holdings fell nearly 13%, and Zhaojin Mining fell nearly 11%.
The three major indexes in Hong Kong all fell collectively. As of noon break, the Hang Seng Index fell 1.67%, and at one point during the day, it fell below the 18,000 point mark. The Technology Index fell 1.24%, and the State-Owned Enterprise Index fell 1.68%.
Mainland China's Securities Times: Funds are gradually stabilizing, banks may open windows to reduce deposit interest rates.
According to the mainland official media "Securities Times", under the expected guidance, the market's attention has shifted from long-term national debt to medium and short-term national debt. The market regards long-term national debt as expected. The demand for policy will be further relaxed. It is believed that with the easing of the pressure of bank deposit "relocation" and the short-term adjustment of loan "squeezing water", supporting the needs for effective financing still requires a reduction in deposit and loan interest rates. It is believed that the window for lowering deposit interest rates may be opened. The report pointed out that affected by the continuous decline in bank net interest margins, the market expects a reduction in deposit interest rates. It has been a while since the last round of deposit rate cuts, and with the continued downward trend in net interest margins, deposits...
Express News | CITIC SEC believes that continuous real estate finance policies will change the expectations of bank real estate debt risks.
Agricultural Bank of China (01288.HK) experienced a shareholding reduction of 41.4293 million shares by BlackRock.
According to the latest equity disclosure information from the HKEX, on June 4, 2024, the Agricultural Bank of China (01288.HK) faced shareholding reductions from BlackRock, Inc. at an average price of HKD 3.2819 per share, selling off 41,429,300 shares, with a total investment of approximately HKD 136 million. After the reduction, BlackRock, Inc.'s latest holdings decreased from 6.11% to 5.98%, with a total of 1,838,156,478 shares held.
BlackRock sold 41,429,300 H-shares of Agricultural Bank of China (01288.HK) with a value of approximately HKD 136 million.
On June 7th, according to the documents disclosed by the Hong Kong Stock Exchange, BlackRock, Inc. sold 41.4293 million H-shares of Agricultural Bank of China (01288.HK) at an average price of HK$3.2819 per share on ****, with a value of about HK$136 million. After the sale, BlackRock's latest holdings will be 1.838 billion shares, and the warehouse-to-warehouse ratio will decrease from 6.11% to 5.98%. Image source: Stock Ownership Disclosure of HKEX What is equity disclosure? According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the shares) must disclose.
Express News | In the afternoon, the financial sector rallied. Bank of Communications rose more than 2%, hitting a new historical high, Bank of China and Agricultural Bank of China both rose by over 1%, and Shanxi Securities and Shouchuang Securities saw a short-term in
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