OCBC Wing Hang Bank launched a new 388-day Hong Kong dollar time deposit offer yesterday (22nd), with an annual interest rate of 3%, which is the highest interest rate level among time deposits of more than 12 months in the city. The minimum deposit amount for this promotion is HK$200,000, and it is applicable to new funds of "OCBC Wing Hang Prestige Wealth Management" customers. This is a new deposit period introduced by the bank, which was limited to a maximum of 12 months in the past. Currently, ICBC (Asia) also offers a 388-day Hong Kong dollar time deposit discount, with an annual interest rate of up to 2.6%. At the same time, the annual interest rate of the 12-month Hong Kong dollar time deposit was increased from 2.45% to 2.8%.

Hong Kong banks regularly have high interest rates this shows that over the next year things are about to cool down and stock price especially the HKEX listed stocks will be on downward spiral..be careful when investing...

But for long term investor this is time for shopping $Alibaba(09988)$$TENCENT(00700)$$XIAOMI-W(01810)$ etc at discounted price 

@TigerStars@Daily_Discussion

# 💰 Stocks to watch today?(06 Nov)

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.

Report

Comment

  • Top
  • Latest
  • HilaryWilde
    ·2022-06-24
    Your post is very informative, thanks for sharing.
    Reply
    Report
  • cfybao
    ·2022-06-24
    When banks offer high interest fixed deposit, market will perform badly.
    Reply
    Report
  • Svengers19
    ·2022-06-24
    Thanks for sharing
    Reply
    Report
  • SiFu
    ·2022-06-23
    thanks for the update!
    Reply
    Report
  • kimlov
    ·2022-06-24
    k
    Reply
    Report
  • T2021102602
    ·2022-06-24
    👍
    Reply
    Report
  • sri123
    ·2022-06-24
    [微笑]
    Reply
    Report
  • FK1234
    ·2022-06-24
    💪
    Reply
    Report
  • Dodonan
    ·2022-06-24
    Reply
    Report
  • MaxrangeXD
    ·2022-06-24
    Ok
    Reply
    Report
  • MaxrangeXD
    ·2022-06-24
    Cool
    Reply
    Report
  • MaxrangeXD
    ·2022-06-24
    👌
    Reply
    Report
  • KK WAH
    ·2022-06-23
    KK
    Reply
    Report
  • LuckyLee
    ·2022-06-23
    ok
    Reply
    Report
    Fold Replies
    • cuteypie
      OK
      2022-06-23
      Reply
      Report
  • NANAHO
    ·2022-06-23
    😀
    Reply
    Report
  • 虎爸欧巴
    ·2022-06-23
    Ok
    Reply
    Report
  • Leeyongtatt
    ·2022-06-23
    Wow
    Reply
    Report
  • KCSUO
    ·2022-06-23
    Hm
    Reply
    Report
  • KingJo
    ·2022-06-23
    Ok
    Reply
    Report
  • rogue66
    ·2022-06-23
    up
    Reply
    Report