Market Chatter: BOC Hong Kong Reintroduces Rebates for Home Loans

MT Newswires Live09-05

BOC Hong Kong (Holdings) (HKG:2388) reintroduced rebates for home mortgages in anticipation of an interest rate cut, The Standard reported Thursday, citing local media outlet HK01.

The lender will give out 0.1% of new loans above HK$1 million, 0.2% for loans above HK$2 million, and 0.25% for loans exceeding HK$10 million, the report said.

BOC Hong Kong will also look into other factors such as the loan amount and client-lender relationship as they review rebate applications, according to the news outlet.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $24.30, Change: $+0.20, Percent Change: +0.83%

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