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.)
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