Hang Seng Bank chief operating officer Vivien Chiu Wai-man has paid HK$40 million (US$5.14 million) for a 1,651 sq ft luxury flat in Happy Valley, joining a growing list of top business executives and affluent residents who are buying high-end real estate in Hong Kong amid an improving property market. The flat in Beverly Hill on Broadwood Road was handed over to Chiu on October 6, according to Land Registry records. Chiu paid HK$24,228 per square foot for the flat, which was a record this year for the est ...

Market Overview - After the National Day holiday, A-shares resumed trading, and southbound funds returned, with Hong Kong's three major indices showing mixed results. The Hang Seng Index fell by 0.29% to 26,752.59 points, with a total turnover of HKD 38.68 billion [1] - CITIC Securities believes that the Hong Kong market benefits from a complete domestic AI industry chain and the increasing number of quality A-share companies listing in Hong Kong. The firm expects the long bull market that began in early 2024 to continue despite short-term geopolitical and trade uncertainties [1] Blue Chip Performance - HSBC Holdings led blue-chip stocks, rising by 25.88% to HKD 149.8, contributing 36.11 points to the Hang Seng Index. HSBC announced plans to privatize Hang Seng Bank at a price of HKD 155 per share, a 30% premium over the previous closing price [2] - Other notable blue-chip movements included Lenovo Group up 7.26%, Zijin Mining up 5.43%, while China Biologic Products fell by 7.49% and SMIC dropped by 6.7% [2] Sector Highlights - Large technology stocks showed mixed results, with Kuaishou rising over 3% and Alibaba falling over 2%. Precious metals saw significant gains during the holiday, with gold, silver, copper, and aluminum prices rising sharply [3][4] - The AI sector experienced varied performance, with Lenovo and Bilibili seeing gains, while Alibaba faced a decline. The recent acceleration in AI investments and applications is expected to strengthen the narrative around the sector [4][5] Notable Stocks - Shanghai Electric surged by 17.4% after achieving a key breakthrough in nuclear fusion technology, positioning itself as a leader in this field [7] - Goldwind Technology rose by 8.43%, benefiting from its role in promoting green energy transitions [8] - Jinli Permanent Magnet reached a new high, increasing by 8.67%, following announcements of export controls on rare earth-related items by the Ministry of Commerce [9] - HSBC Holdings faced pressure, dropping by 5.97%, amid its announcement regarding the privatization of Hang Seng Bank [10]

Core Viewpoint - HSBC Holdings plans to privatize Hang Seng Bank, which has a market capitalization of approximately HKD 300 billion, at a price of HKD 155 per share [1] Group 1: Company Actions - On October 9, HSBC Holdings and Hang Seng Bank jointly announced the proposal to delist Hang Seng Bank's shares [1] - Following the announcement, Hang Seng Bank's stock surged by 26.3%, closing at HKD 150.3, while HSBC Holdings' stock fell by 6.24%, closing at HKD 103.7 [1] - HSBC Holdings holds over 63% of Hang Seng Bank's shares, indicating that the privatization could cost over HKD 100 billion in cash [1] Group 2: Market Implications - Industry insiders suggest that Hang Seng Bank still has some non-performing real estate assets that need to be addressed, which may explain the differing stock price movements between the two banks [1] - The potential for further synergy between HSBC and Hang Seng Bank aligns with HSBC's overall reform strategy [1]

Core Insights - As of October 9, 178 stocks reached their 52-week highs, indicating a strong market performance [1] Group 1: Top Performers - The top three stocks with the highest increase rates are: - Xin Mining Resources (01231) with a high rate of 53.85%, closing at 0.530 and peaking at 0.600 [1] - Hang Seng Bank (00011) with a high rate of 35.70%, closing at 149.800 and peaking at 168.000 [1] - Hang Seng Bank - R (80011) with a high rate of 25.15%, closing at 137.000 and peaking at 141.800 [1] Group 2: Notable Stocks - Other notable stocks that reached new highs include: - DeLi Machinery (02102) with a high rate of 19.61% [1] - OuHua (01711) with a high rate of 18.72% [1] - Ai Century Group (08507) with a high rate of 17.19% [1] Group 3: Market Trends - The data reflects a positive trend in the market, with a significant number of stocks achieving new highs, suggesting investor confidence and potential growth opportunities [1][2]

消息面上，汇丰亚太拟以30.3%的溢价对恒生银行进行私有化。据目前计划，恒生银行股票将被注销， 以换取每股155港元的现金支付，交易估值约为2903亿港元。作为参考，恒生银行上一日收盘价为 119.00港元/股。 据21财经·南财快讯记者统计，自1972年港交所上市以来，恒生银行已上市53年，市值已从最初约17亿 港币，增长至目前超2800亿港币，市值涨超160倍。 （文章来源：21世纪经济报道） 10月9日，港股恒生银行（0011.HK）盘中一度飙升41％，报168港元，股价创历史新高，截至15:40，涨 25.5%，报149.4港元/股。 值得注意的是，其控股股东汇丰控股（0005.HK）则跌6.2%，报103.7港元/股。 ...

该行认为交易带来短期阵痛，但长远而言对汇控具有正面效益。即使不考虑营收协同效应或成本优化， 由于消除了恒生的少数股权，小摩估计汇控2027年每股盈利及派息，可能较小摩的基本预测高出1.5% 及3.1%。值得注意的是，汇控披露其香港业务2024年的ROTE为38%，而同期恒生报告的ROE仅为 11%。 摩根大通发布研报称，汇丰控股(00005)宣布私有化恒生银行(00011)的提案，现金对价为1,060亿港元(约 136亿美元)，即每股155港元，用以收购少数股东持股。此交易将使汇控的CET1资本比率下降125个基 点。为将比率维持在目标区间内，汇控将在宣布后暂停股票回购三个季度。小摩计算这将减少约70亿美 元的回购规模，预计至2026年第二季度末，CET1比率为14%。短期内，小摩预期汇控股价将出现中单 位数百分比的回调;若市场反应过度，小摩将视其为加仓的机会。小摩予汇控"增持"评级，目标价122港 元。 ...

至于商业房地产(CRE)业务，艾桥智称，恒生正面对短期信贷挑战，但强调恒生是"财务强劲的银行"， CET1 比率约21%、贷存比率60%，都显示恒生有能力自行应付挑战。 艾桥智重申，会保留恒生品牌形象、独特的市场定位，以及分行网络。 艾桥智称，交易不会影响汇丰2025年的股息支付率，但预计会暂停3个季度的回购。他解释，集团目标 维持CET 1比率在14.0%至14.5%水平，而交易直接拖低160基点，但整合恒生银行资产负债表料可扣减 约40基点，净影响约为125个基点。他预期，汇丰可于3个季度重新达至目标资本水平。 10月9日，汇丰控股(00005)发布公告称，拟溢价30%私有化恒生银行(00011)并撤销上市地位。对此汇丰 行政总裁艾桥智回应，私有化恒生银行是促进增长的投资，30%溢价是非常可观、具吸引力的报价，展 现汇丰集团对香港前景的信心。至于交易会否导致汇丰香港、恒生人手整合和裁员，艾桥智强调会继续 投资香港人手。 艾桥智表示，去年10月提出汇丰集团重组，一大主轴是加强在具领导地位和增长机遇的市场，如今私有 化恒生银行，正正显示集团在香港"加重注码(doubling down)"。他重申，香港既是国际 ...

根据联合公告，汇丰控股私有化恒生银行的对价，计划按照155港元/股进行现金付款，汇丰亚太作为要 约人，已要求恒生银行董事会,向计划股东提呈建议将恒生银行私有化，倘若计划生效，股份将予以注 销。 恒生银行此次私有化，汇丰控股给出了较高溢价。根据披露，按照今年6月底数据计算，此次私有化， 汇丰控股给出的恒生银行市净率，达到1.8倍（实际及未经审核数字），对比香港可比同业公司中位数 （0.4倍）。相较恒生银行最近一个交易日的收盘价，溢价率也达到30.3%。 数据显示，私有化之前，汇丰亚太及汇丰亚太一致行动人持有恒生银行11.88亿股，合计占比为 63.35%；私有化涉及股份大约为6.84亿股（1060亿港元）。 在香港的地铁站跟朋友见面，应该如何选择地点？一些香港本地人的通常做法是：在恒生银行 （00011.HK）柜员机旁边。 作为香港最大的本土银行之一，恒生银行可能即将退市。这家市值3000亿港元的香港本地银行，将被母 公司汇丰控股（00005.HK）私有化。 10月9日早上，恒生银行、汇丰控股联合公告称，建议撤销恒生银行股份的上市地位，私有化价格为155 港元/股。9日上午，恒生银行大涨26.3%，中午报收15 ...

智通财经APP获悉，摩根大通发布研报称，汇丰控股(00005)宣布私有化恒生银行(00011)的提案，现金 对价为1,060亿港元(约136亿美元)，即每股155港元，用以收购少数股东持股。此交易将使汇控的CET1 资本比率下降125个基点。为将比率维持在目标区间内，汇控将在宣布后暂停股票回购三个季度。小摩 计算这将减少约70亿美元的回购规模，预计至2026年第二季度末，CET1比率为14%。短期内，小摩预 期汇控股价将出现中单位数百分比的回调;若市场反应过度，小摩将视其为加仓的机会。小摩予汇控"增 持"评级，目标价122港元。 该行认为交易带来短期阵痛，但长远而言对汇控具有正面效益。即使不考虑营收协同效应或成本优化， 由于消除了恒生的少数股权，小摩估计汇控2027年每股盈利及派息，可能较小摩的基本预测高出1.5% 及3.1%。值得注意的是，汇控披露其香港业务2024年的ROTE为38%，而同期恒生报告的ROE仅为 11%。 ...

艾桥智重申，会保留恒生品牌形象、独特的市场定位，以及分行网络。 外界一直关注恒生银行坏帐恶化，恒生银行今年6月底的不良贷款率达6.69%，较去年底的6.12%进一步 增加。期末，总减值贷款为550亿元，当中已作信贷减值的香港商业房地产贷款达到250.12亿元。另一 方面，恒生银行10月初才完成行政总裁交接，原行政总裁施颖茵调回香港上海汇丰银行，出任香港区副 主席，改由汇丰香港行政总裁林慧虹领军。 艾桥智称，交易不会影响汇丰2025年的股息支付率，但预计会暂停3个季度的回购。他解释，集团目标 维持CET 1比率在14.0%至14.5%水平，而交易直接拖低160基点，但整合恒生银行资产负债表料可扣减 约40基点，净影响约为125个基点。他预期，汇丰可于3个季度重新达至目标资本水平。 10月9日，汇丰控股(00005)发布公告称，拟溢价30%私有化恒生银行(00011)并撤销上市地位。对此汇丰 行政总裁艾桥智回应，私有化恒生银行是促进增长的投资，30%溢价是非常可观、具吸引力的报价，展 现汇丰集团对香港前景的信心。至于交易会否导致汇丰香港、恒生人手整合和裁员，艾桥智强调会继续 投资香港人手。 艾桥智强调，私有化既与 ...