Principally engaged in the provision of banking and related financial services.
3Q results for the 9 months ended 30-09-2019. No dividend was declared. (Announcement Date: 30 Oct 2019)
Business Review - For the six months ended June 30, 2019
Hong Kong’s economic growth continued to slacken, with the economy expanded modestly by 0.5% year-on-year in the second quarter of 2019, slightly slower than the 0.6% growth in the first quarter. Total retail sales in Hong Kong declined 2.6% year-on-year in the first half of 2019. Nevertheless, positive factors including full employment, a more proactive fiscal policy by the HKSAR government and increasing policy support in other major economies, helped to overcome some of the uncertainties affecting Hong Kong.
The average 1-mo…