July is coming to an end, since BOCHK （02388）
On July 23 (Saturday), the Hong Kong dollar time deposit interest rate will be added. This week, 10 large and small banks will fight back, including Fubon on the 29th (Friday). Period reproduced the top rate of 3.1%.
A few days ago, Public Finance, DBS, CMB Wing Lung and CNCB International also increased their interest rates.Ping An （02318）
The lead virtual bank Ping An OneConnect (PAOB) plus 4-month annual interest rate of 0.25%, up to 2%. Chong Hing buried its hands in a 3-month short-term deposit. Citigroup is offering new half-year and one-year discounts.
Experts pointed out that the note-issuing bank raised interest rates, and the big and small banks were forced to fight back.
Bank of China 1.2% for 3 months, known as the top banknote issuing bank
Looking at the offensive of the leading Chinese banks, BOCHK raised the 3-month annual interest rate by 0.2% to 1.2%; the semi-annual period increased by 0.1% to 1.7%, and the 1-year period increased by 0.2% to 2.2%.
Competing with big banks alone, BOC has 1.2% in 3 months, outperforming HSBC by 0.8% and Standard Chartered by 0.7%. In half a year, Bank of China’s 1.7% top banknote issuer, HSBC’s 1.4%, and Standard Chartered’s 1.1%. Standard Chartered’s 2.4% is the highest for the 1-year period, which is better than BOC’s 2.2% and 1.8% lower than HSBC’s.
The high-interest rate list for the whole week will be held again in the semi-annual and one-year periods. Let’s start with the one-year period. After the Federal Reserve raised interest rates, Public Finance increased by 0.4% to 3% and advanced to the runner-up.East Asia （00023）
2.88%, the bank launched this special interest on July 19. Fubon on Friday raised 0.1% to 3.1%, continuing to top the list.
In terms of the 6-month period, Citigroup’s new push was 2.41%, and it rarely entered the runner-up list. Fubon added 0.2% on Friday, continuing to dominate the list with 2.9%.
There are three main focuses in the Shake Week in July, namely: (1) After Bank of China raised interest rates, 10 banks immediately confronted them, and even the finance company doubled back, and Fubon pushed a new high interest rate; (2) CCB Asia In addition to 3 consecutive additions, the threshold is sharply lowered, from more than half of 3 million yuan to only 1 million yuan; (3) The threshold is not too low, and Citigroup will enjoy 2.41% and 2.71% for 1 year, and there is no minimum deposit amount, but must designate a wealth management account, and additional conditions such as online or mobile banking opening.
However, it should be noted that many high interest rate plans are now in the final sprint, because the deadline is Friday (29th), for example, OCBC Wing Hang has 3% in 388 days, and Fubon has 8.88% in 3 months. defer.
Volkswagen Finance saves 100,000 new money to send supermarket gift vouchers
On the other hand, if Fubon’s 1-year fixed deposit is 3.1%, the initial deposit is 500,000 yuan in new money, and the full-term stable bag is 15,500 yuan in interest, which is 15,000 yuan more than 500,000 yuan in public finance, which is 500 more. Yuan. However, Cai Zai has another trick. Eligible new and existing customers only need to deposit 100,000 yuan of new additional funds before mid-August, and they will receive an organic gift certificate of 1,500 yuan in supermarkets.
However, Bank of Communications Hong Kong cut half-year and one-year interest rates by 0.1% on Friday. In addition, if the short-term deposit of 7 days is calculated, Chiyou will be the king of high interest at 6%. And China Merchants Wing Lung has opened up another front to fight guerrillas in individual branches such as Central, Shau Kei Wan or Kwun Tong, providing qualified new customers with a 3.05% super high interest rate for one year.
Looking ahead, the industry is keeping an eye on Hong Kong’s economic situation. On Monday (August 1), the government announced the second-quarter GDP. The market is expected to contract for two consecutive quarters and fall into a technical recession.Dah Sing Bank （02356）
The Economic Research and Investment Strategy Department responded to this newspaper’s inquiry that GDP is expected to contract by 0.2% year-on-year in the second quarter, return to positive growth of 2.1% in the third quarter, and rebound significantly by 4% in the fourth quarter. As for the full-year forecast for this year, it is expected to increase by only 0.5%, improve to 2.3% next year, and then increase by 2.2% in 2024.
Zhuo Liang, chief economist of China CITIC Bank (International), said that Hong Kong’s economy bottomed out in the first quarter and is expected to gradually improve from the second quarter, with the unemployment rate falling. However, the external economy will weaken significantly in the second half of the year, affecting export performance. The economic recovery is driven by the normalization of local economic activities and private consumption, and the momentum may be relatively moderate. The annual GDP growth is expected to be about 1%. If progress is made in customs clearance in the Mainland and overseas, it is believed that GDP growth in 2023 and 2024 will have the opportunity to reach more than 3%.
ZA Pumping Carnival will land in Tunguang on August 11
On the other hand, ZA Bank, a virtual bank with a million-dollar reward, has another new project, announcing that the “ZA Million Raffle Carnival” will go to the Tuen Mun Town Plaza on August 11 to play 8 classic booths for free.
Participate in the booth game 5 times, and you can grab a gashapon in the “Physical Million Power Draw Machine” immediately, guaranteeing a prize for each gashapon, and the two-meter-high “Physical Million Power Draw Machine” will be given out every day Over 100 “Million Dollar Raffle Tickets”, you can win 1 million yuan in cash at any time. Other rewards include: Uber ride discount, Toys R Us boutique toys, Sino Group shopping mall 100 yuan cash coupon and McDonald’s gift certificate, etc.
Xu Luosheng, Chief Executive Officer of ZA Bank, said: “The “ZA Million Draw Carnival” will be held to extend the virtual event to the real world, allowing the public to experience the human side of virtual banks.”
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Special correspondent: Zeng Guifen
Responsible editor: Chen Chuyuan