Market Chatter: HSBC's Hong Kong Banking Unit Returns to Granting Cash Rebates on Mortgages

MT Newswires Live12-06

HSBC's (HKG:0005) Hong Kong banking unit plans to restart cash rebates on mortgages with a maximum amount of 0.2% for specified loan amounts, The Standard reported Friday.

The development comes as Hong Kong's property market regains speed due to expected interest rate decreases, the report said.

Aside from HSBC, Bank of China (Hong Kong) (HKG:2388) and Hang Seng Bank (HKG:0011) have returned to granting cash rebates, the report said.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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