Market Performance - The Hang Seng Index closed at 25,176, down 1.36% for the day and up 25.51% year-to-date [1] - The Hang Seng Tech Index fell 2.72% to 5,490, with a year-to-date increase of 22.89% [1] - The Dow Jones Index decreased by 0.38% to 44,461, with a year-to-date rise of 4.51% [1] - The S&P 500 Index closed at 6,362, down 0.12% for the day and up 8.18% year-to-date [1] Currency and Commodity Overview - The Renminbi Index stood at 95.710, down 0.22% over the past month and down 5.14% over six months [2] - Brent crude oil price increased by 8.15% over the past month to $72.210 per barrel, but decreased by 1.00% over six months [2] - Gold prices rose by 0.88% over the past month to $3,332.69 per ounce, with a significant increase of 19.24% over six months [2] Company-Specific Developments - JD.com announced a voluntary public acquisition offer for CECONOMY AG at €4.60 per share, with full support from CECONOMY's supervisory and management boards [13] - Adidas reported a 58% year-on-year increase in operating profit for Q2, reaching €546 million, surpassing market expectations [15] - Guotai Junan International successfully issued the first public digital native bond by a Chinese brokerage, with a size of up to $300 million [16] Economic Indicators - Eurozone GDP grew by 0.1% quarter-on-quarter in Q2, exceeding expectations, with an annual growth of 1.4% [17] - The U.S. GDP for Q2 showed an annualized growth of 3%, rebounding from a contraction in Q1 and surpassing the expected 2.4% [18]

但生银行 HANG SENG BANK 1H25 results presentation 30 Jul 2025 1. A customer is classified as Mainlander (onshore or offshore) at account opening if they declare one of the following: 1) holding a PRC ID or China passport; OR being of Chinese nationality and residing in HK temporarily (e.g. student visa, work visa); OR being of Chinese nationality and having mandarin as their preferred language 2. Southbound loans refers to average customer loans booked in HK that originate from mainland China-based customers ▪ ...

摩根士丹利发表研究报告指，恒生银行中期净利润68.8亿港元，按年下跌逾30.5%，较市场普遍预期逊 色，主要受到高信贷减值拨备损失所导致。拨备前利润较大摩预测低2.7%，但较市场预期高9%。净利 息收入逊于大摩预期，但较市场预期高1%。受贷款余额减少及市场利率下行影响，净息差收窄至 1.99%。贷款较去年下半年跌2%，存款则升3%。中期非利息收入胜预期，恒生归因于经纪及财富管理 费用表现强劲。 大摩指出，恒生信贷减值拨备规模大幅超出预期，相信是由于香港商业地产敞口拨备增加。期内不良贷 款率升至6.69%。该行宣布将进行高达30亿港元的股份回购，预料在六个月内完成，大摩认为符预期。 该行认为，恒生整体中期表现弱于预期，考虑到香港商业地产行业阴霾未散，仍维持对其"减持"评级， 目标价为93港元。 ...

Core Viewpoint - Hang Seng Bank's mid-year results for 2025 show a significant decline in net interest income and shareholder profit, leading to a drop in stock price [1] Financial Performance - The bank reported net interest income of HKD 14.339 billion, a year-on-year decrease of 7.39% [1] - Shareholder profit was HKD 6.88 billion, down 30.46% compared to the previous year [1] - Basic earnings per share were HKD 3.34 [1] Factors Affecting Performance - The decrease in net interest income by HKD 1.144 billion, or 7%, was primarily due to a 3% reduction in average total customer loans and a decline in market interest rates, particularly the Hong Kong Interbank Offered Rate remaining low since May 2025 [1] - The bank's non-performing loan ratio stands at 6.69%, attributed to ongoing credit pressure from the real estate sector [1] Dividend and Share Buyback - The board declared a second interim dividend of HKD 1.30 per share, bringing the total interim dividend for the first half of 2025 to HKD 2.60, an increase of 8% from the same period last year [1] - The bank plans to initiate a share buyback program of up to HKD 3 billion [1]

智通财经APP获悉，恒生银行(00011)午后跌超6%，截至发稿，跌5.7%，报115.9港元，成交额4.73亿港 元。 消息面上，恒生银行午间发布2025年中期业绩，该集团期内取得净利息收入143.39亿港元，同比减少 7.39%；股东应得溢利68.8亿港元，同比减少30.46%；每股基本盈利3.34港元。净利息收入减少11.44亿 港元，即7%，主要是平均总客户贷款减少3%及市场利率下调，尤其是香港银行同业拆息⾃2025年5月 起持续处于低位所致。 此外，由于房地产⾏业持续⾯对信贷压⼒，不良贷款比率为6.69%。董事会宣布派发第二次中期股息为 每股港币 1.30 元，使2025年上半年每股派息合共为港币2.60元，较去年同期高出8%。拟展开最多达港 币30亿元的股份回购。 ...

恒生银行(0011.HK)午后跳水跌近7%报114.4港元，股价创逾1个月新低。公司午间发布中期业绩，除税 前溢利80.97亿港元，同比减少28.39%；股东应占溢利68.8亿港元，同比减少30.46%。 本文源自：金融界AI电报 ...

恒生银行(00011)发布公告，该公司将于2025年9月4日派发第二季度股息每股1.3港元。 ...

Core Viewpoint - Hang Seng Bank reported a decrease in net interest income and shareholder profit for the first half of 2025, but showed strong growth in retail banking and wealth management, indicating resilience in its business model despite market uncertainties [1][2] Financial Performance - Net interest income for the period was HKD 14.339 billion, a decrease of 7.39% year-on-year [1] - Shareholder profit was HKD 6.88 billion, down 30.46% compared to the previous year [1] - Basic earnings per share were HKD 3.34 [1] Growth Drivers - Retail banking and wealth management were the main growth drivers, with wealth income increasing by 43% year-on-year [1] - Insurance product and asset management income also rose by 18% compared to the same period last year [1] - New life insurance premiums grew by 57% year-on-year, positioning Hang Seng Insurance as the second in the life insurance market [1] Revenue Sources - The bank made significant progress in diversifying its revenue sources, with strong income from wealth management across multiple product categories [1] - Increased trading activity in the Hong Kong stock market boosted income from securities brokerage and related services [1] - Net service fee income saw significant growth due to contributions from financial instruments [1] Interest Income Challenges - Net interest income decreased by HKD 11.44 billion, or 7%, primarily due to a 3% reduction in average total customer loans and a decline in market interest rates [1] - The Hong Kong Interbank Offered Rate has remained low since May 2025, impacting interest income [1] - The bank has implemented measures to manage product margins and long-term hedging to maintain interest stability [1] Management Outlook - The CEO expressed confidence in the bank's ability to navigate challenges and achieve sustainable growth through diversified income sources and investment in talent and technology [2] - The bank remains cautiously optimistic about the long-term growth prospects in Hong Kong, despite market uncertainties [2]

Core Viewpoint - Hang Seng Bank reported a decrease in net interest income and shareholder profit for the first half of 2025, but showed strong growth in retail banking and wealth management segments [1][2] Financial Performance - Net interest income for the period was HKD 14.339 billion, a year-on-year decrease of 7.39% [1] - Shareholder profit was HKD 6.88 billion, down 30.46% compared to the previous year [1] - Basic earnings per share stood at HKD 3.34 [1] Growth Drivers - Retail banking and wealth management were the main growth drivers, with wealth management income increasing by 43% year-on-year [1] - Insurance product and asset management income also rose by 18% compared to the same period last year [1] - New life insurance premiums saw a significant increase of 57% year-on-year, positioning Hang Seng Insurance as the second in the life insurance market [1] Revenue Sources - The bank made significant progress in diversifying its revenue sources, with notable growth in securities brokerage and related services due to active trading in the Hong Kong stock market [1] - Net service fee income experienced substantial growth, supported by the performance of various product categories in wealth management [1] Interest Income Challenges - Net interest income decreased by HKD 11.44 billion, or 7%, primarily due to a 3% reduction in average total customer loans and a decline in market interest rates [1] - The Hong Kong Interbank Offered Rate has remained low since May 2025, impacting interest income [1] - The bank has implemented measures to manage product margins and maintain interest stability through long-term hedging [1] Management Outlook - The CEO expressed confidence in the bank's ability to navigate challenges and achieve sustainable growth through diversified income sources and a focus on talent and digital technology [2] - The bank remains cautiously optimistic about the long-term growth prospects in Hong Kong, despite market uncertainties [2]

格隆汇7月30日｜恒生银行公布2025年上半年财务业绩，扣除预期信贷损失前之营业收入净额增长3%， 至 209.75亿港元；除税前溢利为80.97亿港元，每股盈利为3.34港元。董事会宣布派发第二次中期股息为 每股1.3港元，使2025年上半年每股派息合共为2.6港元，较去年同期高出8%。公司拟展开最多达30亿港 元的股份回购。 来源：格隆汇APP ...