Financial Performance - The net operating income before impairment provisions for the first half of 2024 was HKD 35.336 billion, an increase of 14.6% compared to HKD 30.838 billion in the same period of 2023[3]. - Operating profit for the period reached HKD 25.134 billion, up from HKD 21.817 billion year-on-year[3]. - Profit attributable to shareholders was HKD 20.040 billion, representing a 13.2% increase from HKD 17.694 billion in the previous year[5]. - Basic earnings per share increased to HKD 1.8954, compared to HKD 1.6077 in the same period last year[5]. - The total profit for the first half of 2024 was HKD 20.463 billion, an increase of HKD 2.381 billion or 13.2% compared to the previous year[9]. - The pre-tax profit for the six months ending June 30, 2024, was HKD 24,716 million, an increase of 15.9% compared to HKD 21,523 million for the same period in 2023[179]. Operational Efficiency - The cost-to-income ratio improved to 22.98%, down from 25.46% year-on-year, indicating better operational efficiency[6]. - The average return on equity was 12.39%, up from 10.81% in the previous year[5]. - Operating expenses for the first half of 2024 totaled HKD 8.12 billion, an increase of HKD 2.69 billion or 3.4% year-on-year, with a cost-to-income ratio of 22.98%[19]. - Operating expenses in personal banking rose by 3.0%, primarily due to increased personnel costs[36]. Asset and Liability Management - The total capital ratio stood at 22.17%, with a common equity tier 1 capital ratio of 20.05%[7]. - The liquidity coverage ratio averaged 223.79% in Q1 and 250.58% in Q2, exceeding regulatory requirements[7]. - Total assets reached HKD 399.82 billion as of June 30, 2024, an increase of HKD 12.95 billion or 3.3% from the end of the previous year[25]. - Customer deposits reached HKD 2,649,697 million, an increase of HKD 1,458.56 million or 5.8% compared to the end of 2023[30]. Credit and Impairment - The impairment loan ratio was 1.06%, remaining better than the market average[6]. - Net impairment provisions for loans and other accounts amounted to HKD 2.067 billion in the first half of 2024, an increase of HKD 842 million or 68.7% year-on-year[21]. - The annualized credit cost for customer loans and other accounts was 0.25%, up 0.11 percentage points from the same period last year[21]. - The total impairment provision for loans measured at amortized cost increased from HKD 14,724 million as of December 31, 2023, to HKD 16,346 million as of June 30, 2024[107]. Market and Economic Environment - The overall economic environment in Hong Kong showed moderate growth, supported by improved external trade and a rebound in visitor numbers[9]. - The market anticipates that the Federal Reserve may begin to lower interest rates as early as September 2024, which could positively impact the banking sector's development in Hong Kong[9]. Wealth Management and Customer Services - The company plans to enhance its wealth management services, focusing on fund distribution and insurance products, which saw increases of 27.2% and 10.1% respectively[14]. - The number of mobile banking customers and related transaction volumes steadily increased, with online mortgage applications rising by 29.3 percentage points year-on-year to 80.7% of total mortgage applications[38]. - The company launched the "Cross-Border Wealth Management Connect 2.0" service, with a steady increase in cross-border customer numbers and transaction volumes[40]. Risk Management - The company emphasizes the importance of risk management as a key element for success, balancing risk control with business development[62]. - The risk management framework covers all business development processes to ensure effective management and control of various risks[63]. - The group actively manages liquidity risk by ensuring stable and sufficient cash sources to meet liquidity demands under normal and stressed conditions[74]. Awards and Recognition - The company received the "Best Wealth Management Bank" award at the 2024 Asian Banker Excellence in Retail Financial Services and Technology Innovation Awards[39]. - The group was recognized as the "Best Cash Management Bank in Hong Kong" for the tenth time and the "Best Trade Bank in Hong Kong" for the sixth time by The Asian Banker[43]. Digital Transformation - The group successfully launched mobile banking UnionPay QR code payment services in multiple Southeast Asian branches, enhancing local customer online payment experiences[41]. - The company is actively participating in the digital RMB ecosystem, launching a dedicated section in BoC Pay for digital RMB services[57]. Financial Instruments and Investments - The total fair value of financial assets measured at level 3 includes HKD 8,348 million for funds and HKD 835 million for loans and other receivables as of June 30, 2024[159]. - The total amount of interest accrued on customer loans was HKD 57.81 billion as of June 30, 2024, compared to HKD 57.31 billion as of December 31, 2023[190].

Financial Performance - The net operating income before impairment provisions for the first half of 2024 was HKD 35,336 million, an increase of 14.5% compared to HKD 30,838 million in the same period of 2023[3]. - Operating profit for the first half of 2024 reached HKD 25,134 million, up 15.0% from HKD 21,817 million in the previous year[3]. - Profit attributable to shareholders for the first half of 2024 was HKD 20,040 million, representing a year-on-year increase of 13.2% from HKD 17,694 million[5]. - Basic earnings per share for the first half of 2024 were HKD 1.8954, compared to HKD 1.6077 in the same period of 2023[3]. - The total profit for the first half of 2024 was HKD 20.463 billion, representing a year-on-year increase of HKD 2.381 billion or 13.2%[9]. - The company reported a pre-tax profit for the six months ending June 30, 2024, of HKD 24,716 million, an increase of 15.9% compared to HKD 21,523 million for the same period in 2023[179]. Operational Efficiency - The cost-to-income ratio improved to 22.98% in the first half of 2024, down from 25.46% in the previous year, indicating better operational efficiency[6]. - The overall operating expenses decreased to HKD 8.121 billion from HKD 8.755 billion in the previous half-year, reflecting improved cost management[9]. - Operating expenses for the first half of 2024 amounted to HKD 8.12 billion, an increase of HKD 2.69 billion or 3.4% year-on-year[19]. Asset Quality - The impaired loan ratio was 1.06%, remaining better than the market average, reflecting stable asset quality[6]. - The impairment loan ratio increased to 1.06% from 1.05% at the end of 2023, primarily due to a decline in customer loan ratings, resulting in an increase in impaired loans by HKD 3.00 billion to HKD 18.097 billion[29]. - The total amount of loans overdue for more than six months was HKD 7,714 million as of June 30, 2024, which is 0.45% of total customer loans, compared to HKD 4,101 million or 0.24% as of December 31, 2023[113]. Capital and Liquidity - The total capital ratio stood at 22.17% as of June 30, 2024, maintaining a strong capital position[7]. - The liquidity coverage ratio averaged 223.79% in the first quarter and 250.58% in the second quarter of 2024, exceeding regulatory requirements[7]. - The common equity tier 1 capital ratio stood at 20.05%, an increase from 19.02% at the end of 2023, driven by earnings growth in the first half of 2024[32]. Market Outlook - The company expects continued economic recovery in Hong Kong, supported by improved external demand and various large-scale events scheduled for the second half of 2024[9]. - The company anticipates that the Federal Reserve may begin to lower interest rates as early as September 2024, which could further support the banking sector's growth[9]. Customer Engagement and Digital Services - The number of customers using digital banking services grew steadily, with significant increases in mobile banking users and transaction volumes for various services[38]. - The "Property Expert" mobile app reached over 180,000 downloads, with online mortgage applications accounting for 80.7% of total applications, a year-on-year increase of 29.3 percentage points[38]. - The bank's RMB fund sales increased by over 20% year-on-year, with RMB insurance business maintaining a leading market position, achieving a 50% year-on-year growth in new standard premium in Q1 2024[40]. Risk Management - The company emphasizes the importance of good risk management as a key element for success, balancing risk control with business development[62]. - The risk management framework covers all business development processes to ensure effective management and control of various risks[63]. - The company has established a credit risk management system that includes independent reviews and assessments for significant credit applications[64]. Regulatory Compliance - The group has been classified as an important subsidiary of the Bank of China and is required to meet internal loss-absorbing capacity regulations starting January 1, 2023[82]. - The group conducts regular stress tests to assess risk exposure under extreme adverse economic conditions, with results monitored by the Asset and Liability Management Committee[83]. Financial Instruments and Investments - The fair value of financial assets measured at amortized cost for securities investments was HKD 178.40 billion as of June 30, 2024, down from HKD 202.95 billion as of December 31, 2023, indicating a decrease of approximately 12.1%[166]. - The total amount of financial assets measured at fair value through profit or loss was HKD 192,194 million as of June 30, 2024, compared to HKD 151,891 million at the end of 2023[184]. Taxation and Dividends - The actual tax expense for the first half of 2024 was HKD 4,253 million, resulting in an effective tax rate of 17.2%, up from 16.0% in the first half of 2023[179]. - The interim dividend declared for the first half of 2024 is HKD 0.570 per share, totaling approximately HKD 6,026 million, compared to HKD 0.527 per share and HKD 5,572 million in the first half of 2023[181].

Financial Performance - In Q1 2024, the group's net operating income before impairment provisions increased by 16.8% year-on-year to HKD 17,793 million[4] - Net interest income, after accounting for foreign exchange swap contracts, rose by 20.5% year-on-year to HKD 14,297 million, with a net interest margin of 1.61%, up 11 basis points year-on-year[4] - Net service fees and commission income increased by 1.5% year-on-year to HKD 2,542 million, driven by growth in loans, investments, and insurance services[4] - Operating expenses rose by 2.9% year-on-year, with a cost-to-income ratio of 22.40%, maintaining a strong position among local banks[5] - Impairment provisions net charge amounted to HKD 883 million, reflecting an increase of HKD 590 million year-on-year due to changes in internal customer ratings[5] - The total assets of the group reached HKD 3,902,015 million as of March 31, 2024, a 0.9% increase from the end of 2023[7] - The liquidity coverage ratio, stable funding ratio, and capital ratio remained robust, indicating strong financial health[7] Customer and Loan Growth - Customer deposits grew by 2.4% compared to the end of 2023, totaling HKD 256,472 million, while customer loans increased by 1.7% to HKD 173,163 million[7] - The specific classified or impaired loan ratio stood at 1.04%, continuing to outperform the market average[7] Digital and Cross-Border Services - In Q1 2024, the group launched nearly 400 qualified investment products under the "Cross-Border Wealth Management Connect 2.0" service, enhancing cross-border financial opportunities for clients[8] - The group introduced the "NAPAS 7x24 VND Fast Transfer" service in Ho Chi Minh City, enabling real-time payment services in Vietnamese Dong[10] - The group implemented a new payment and financing scheme for property purchases in the Greater Bay Area, facilitating cross-border payments for Hong Kong residents[8] - The group actively promoted the use of digital RMB for cross-border transactions, strengthening the foundation for regular payments between mainland and Hong Kong clients[9] Sustainable Finance and ESG Initiatives - The group supported the Hong Kong SAR government in issuing approximately HKD 6 billion in digital green bonds, promoting green finance initiatives[9] - The group emphasized sustainable high-quality development and ESG principles, driving the growth of sustainable green finance[8] Asset Management and Custody Services - The group achieved steady growth in corporate and institutional custody assets, enhancing service levels in custody and trust services[9] - The group actively managed assets and liabilities to capitalize on rising market interest rates, leading to an expansion of the loan-to-deposit spread[3] Support for Local SMEs - The group organized multiple exchange meetings to support the business development of local SMEs, enhancing their competitiveness[9] - The group successfully completed the first repurchase transaction in Hong Kong using onshore RMB bonds as collateral under the Bond Connect program[9]

Financial Performance - The net operating income before impairment provisions for 2023 was HKD 65,498 million, an increase of 20.8% from HKD 54,215 million in 2022[4] - Operating profit for 2023 reached HKD 42,558 million, up 22.0% compared to HKD 34,917 million in 2022[4] - The annual profit attributable to shareholders was HKD 34,115 million, representing a 24.9% increase from HKD 27,330 million in 2022[4] - The basic earnings per share for 2023 was HKD 3.0950, compared to HKD 2.4535 in 2022, reflecting a significant growth[4] - The net profit after tax for the year was HKD 34,857 million, representing a 28% year-on-year increase from HKD 27,230 million in 2022[8] - The annual profit reached HKD 34.86 billion, marking a 28.0% increase compared to the previous year[14] - Total pre-tax profit for the company increased by 23.4% to HKD 40.914 billion from HKD 33.162 billion in 2022[58] Asset and Liability Management - Total assets as of year-end 2023 amounted to HKD 3,868,783 million, an increase from HKD 3,666,505 million in 2022[4] - Customer loans grew by 3.3% to HKD 1,702.30 billion, while customer deposits increased by 5.3% to HKD 2,503.84 billion, both exceeding market growth rates[8] - The average balance of customer loans and other accounts was HKD 1,682,932 million, with an average yield of 4.65%[33] - Total customer deposits reached HKD 2,503,841 million, a growth of HKD 1,266.34 million or 5.3% compared to 2022, with time, short-term, and notice deposits increasing by 14.5%[53] Operational Efficiency - The cost-to-income ratio improved to 25.35% in 2023 from 31.26% in 2022, showcasing operational efficiency[4] - Operating expenses decreased by 2.0% year-on-year, while net operating income before impairment provisions increased by 20.8%[23] - The average return on total assets for 2023 was 0.90%, up from 0.75% in 2022[4] - The average return on equity for 2023 was 10.60%, compared to 8.50% in 2022, indicating improved profitability[4] Risk Management - The specific classified or impaired loan ratio was 1.05%, continuing to outperform the market average[24] - The total loan impairment provision to customer loans ratio increased to 0.87% as of December 31, 2023, up from 0.70% in 2022[44] - Credit risk primarily arises from lending, trade financing, and funding operations, with detailed management strategies outlined in the financial statements[92] - The group adheres to a robust liquidity risk preference, ensuring stable and sufficient cash sources under normal and stressed conditions[96] Sustainable Development - The company aims to achieve operational carbon neutrality by 2030 and has set specific green operational targets for 2025[1] - The total amount of green and sustainable development-linked loans increased by 86.9% compared to the end of 2022[1] - The balance of green mortgage loans increased approximately 2.7 times compared to the end of 2022, supporting sustainable development initiatives[60] - The group successfully completed its first green RMB reverse repurchase transaction, with funds allocated to support sustainable development projects[74] Digital Transformation - The bank is focusing on digital transformation and green sustainable development to improve service quality and operational efficiency[10] - The company is actively promoting digital transformation initiatives, focusing on data-driven, intelligent, and ecological approaches to enhance customer experience[82] - Digital banking customer base expanded steadily, with online mortgage applications increasing by 12 percentage points to 59% of total applications[61] - The company launched a new one-stop IPO service called "抽股易" as part of its mobile banking enhancements, optimizing over 160 functions[84] Corporate Governance - The company fully complies with the Corporate Governance Code and has established a high-quality and independent board of directors[163] - The board consists of 11 members, with 7 independent non-executive directors, representing 63.6% of the board, exceeding the minimum requirement of one-third as per listing rules[184] - The board has established five permanent committees: Audit Committee, Nomination and Remuneration Committee, Risk Committee, Strategy and Budget Committee, and Sustainability Committee[177] - The company has established a customer feedback mechanism and conducts employee surveys to continuously promote corporate culture development[173] Awards and Recognition - The company received multiple awards, including being named "Best Bank in Hong Kong" by The Banker and "Most Resilient Bank in Hong Kong and Asia-Pacific" by The Asian Banker for four consecutive years[14] - The company received multiple awards for its cash management services, including "Best Cash Management Bank (Hong Kong)" and "Best RMB Bank" in Hong Kong, highlighting its competitive advantage in the market[66] - The company has been recognized for its digital services, winning multiple awards including the "Best SME Banking Partner Award" for 16 consecutive years[69] Future Outlook - For 2024, the company anticipates a slow recovery in the global economy, with a focus on capturing opportunities in the Greater Bay Area and Southeast Asia, while enhancing cross-border business development[88] - The company aims to improve its digital service penetration rate and strengthen its ESG initiatives to support high-quality development[88]

Core Viewpoint - Bank of China Hong Kong (02388) reported a strong performance for the fiscal year 2023, with significant increases in net operating income and profit attributable to shareholders, driven by effective asset and liability management and favorable market conditions [1][1][1] Financial Performance - The net operating income before impairment provisions reached HKD 65.498 billion, a year-on-year increase of 20.81% [1] - Profit attributable to shareholders was HKD 34.115 billion, up 24.83% year-on-year, with basic earnings per share at HKD 3.095 [1] - The proposed final dividend is HKD 1.145 per share [1] Interest Income and Margin - Net interest income for 2023 was HKD 51.078 billion, while net interest income including foreign exchange swap contracts was HKD 54.487 billion, reflecting a year-on-year increase of 28.8% [1] - Average interest-earning assets grew by HKD 229.847 billion or 7.4% year-on-year [1] - The net interest margin, including foreign exchange swap contracts, was 1.63%, an increase of 27 basis points year-on-year [1] Loan and Deposit Growth - Customer loans increased by 3.3% to HKD 1,702.302 billion, while customer deposits rose by 5.3% to HKD 2,503.841 billion, both exceeding market growth rates [1] - The after-tax profit for the year was HKD 34.857 billion, a year-on-year increase of 28.0% [1] Asset Quality and Capital Ratios - Total assets as of the end of 2023 were HKD 3,868.783 billion, a 5.5% increase from the end of 2022 [1] - The specific classified or impaired loan ratio was 1.05%, indicating asset quality superior to the market average [1] - The cost-to-income ratio was 25.35%, performing better than the market average [1]

Financial Performance - The net operating income before impairment provisions for 2023 was HKD 65,498 million, an increase of 20.8% from HKD 54,215 million in 2022[4]. - Operating profit for 2023 reached HKD 42,558 million, up 22.0% compared to HKD 34,917 million in 2022[4]. - The annual profit attributable to shareholders was HKD 34,115 million, representing a 24.9% increase from HKD 27,330 million in 2022[4]. - The basic earnings per share for 2023 was HKD 3.0950, compared to HKD 2.4535 in 2022, reflecting a growth of 26.2%[4]. - The net profit after tax for the year was HKD 34,857 million, representing a 28.0% year-on-year increase[8]. - The annual profit reached HKD 34.86 billion, marking a 28.0% increase compared to the previous year[13]. - The pre-tax profit of the treasury business decreased by HKD 7.965 billion or 53.3% year-on-year to HKD 6.968 billion, primarily due to rising funding costs leading to a decline in net interest income[72]. - In 2023, the group's pre-tax profit reached HKD 40.914 billion, a 23.4% increase from HKD 33.162 billion in 2022[58]. Asset and Liability Management - Total assets as of year-end 2023 amounted to HKD 3,868,783 million, an increase from HKD 3,666,505 million in 2022[4]. - The total capital ratio stood at 21.18%, with both the Tier 1 capital ratio and common equity Tier 1 capital ratio at 19.02%[23]. - The total risk-weighted assets decreased by 1.0% to HKD 1,298.956 billion during the year[23]. - The average liquidity coverage ratio for 2023 was 189.68% in Q1, 188.89% in Q2, 193.47% in Q3, and 207.12% in Q4, indicating strong liquidity management[56]. - The total amount of green and sustainable development-linked loans increased by 86.9% compared to the end of 2022[1]. Operational Efficiency - The cost-to-income ratio improved to 25.35% in 2023 from 31.26% in 2022, demonstrating enhanced operational efficiency[4]. - Operating expenses decreased by 2.0% year-on-year, while net operating income before impairment provisions increased by 20.8%[22]. - The average return on total assets for 2023 was 0.90%, up from 0.75% in 2022[4]. - The average return on equity for 2023 was 10.60%, compared to 8.50% in 2022, indicating improved profitability[4]. Customer Growth and Market Expansion - Customer loans grew by 3.3% to HKD 1,702.30 billion, while customer deposits increased by 5.3% to HKD 2,503.84 billion, both exceeding market growth rates[8]. - The company is actively expanding its Southeast Asia business, with branches in multiple countries including Malaysia, Thailand, and Indonesia, enhancing its regional presence[2]. - The company continues to focus on business opportunities in Hong Kong, the Greater Bay Area, Southeast Asia, and overseas markets, enhancing customer service capabilities and digital product offerings[48]. - The customer deposit balance in Southeast Asia reached HKD 75.398 billion, representing a growth rate of 9.5% compared to the end of 2022[80]. Digital Transformation and Innovation - The company is expanding its digital financial services, enhancing mobile banking penetration, and improving online transaction capabilities[9]. - The company has optimized over 160 mobile banking functions, including the launch of a new one-stop IPO section "抽股易" to enhance customer experience[84]. - The company has successfully extended electronic foreign exchange trading to the China Foreign Exchange Trading Center, becoming an approved foreign currency market maker[84]. - The company is actively promoting digital transformation, focusing on data-driven and intelligent-driven strategies to enhance business development[82]. Risk Management - The group emphasizes the importance of effective risk management as a key element for business success, balancing risk control with business development[91]. - Credit risk primarily arises from lending, trade financing, and funding operations, with detailed management information available in financial statement note 4.1[92]. - The group maintains a robust liquidity risk management framework to ensure stable and sufficient cash sources under normal and stressed conditions[96]. - The group employs stress testing as a risk management tool to assess exposure under extreme adverse conditions[103]. Corporate Governance - The company has established a high-quality board of directors and has fully complied with the corporate governance code[164]. - The board consists of 11 members, with 7 independent non-executive directors, representing 63.6% of the board, exceeding the minimum requirement of one-third as per listing rules[185]. - The company has established a board diversity policy that considers various factors, including gender, age, cultural background, and professional experience[188]. - The board's composition reflects a strong commitment to risk management and audit oversight through dedicated committees[127][128]. Sustainability Initiatives - The company aims for "operational carbon neutrality" by 2030 and has published its first TCFD report to detail its sustainable development strategy[10]. - The company actively integrates green finance and ESG elements into product and service design to promote sustainable development in private banking[62]. - The balance of green mortgage loans increased approximately 2.7 times compared to the end of 2022, promoting carbon reduction and environmental sustainability[60]. - The company has implemented a zero-tolerance policy towards corruption and bribery, ensuring compliance with all relevant laws and regulations[175].

Financial Performance - The operating profit reached a new high since the company's listing, amounting to HKD 42,558 million, representing a 22.0% increase from HKD 34,917 million in 2022[3]. - The net profit after tax for the year was HKD 34,857 million, up 28.0% from HKD 27,230 million in the previous year[7]. - Customer loans grew by 3.3% to HKD 1,702.30 billion, while customer deposits increased by 5.3% to HKD 2,503.84 billion, both exceeding market growth rates[7]. - The company proposed a final dividend of HKD 1.145 per share, leading to a total annual dividend of HKD 1.672 per share, a 23.2% increase year-on-year[7]. - The cost-to-income ratio improved to 25.35%, down from 31.26% in 2022, indicating enhanced operational efficiency[4]. - The average return on total assets rose to 0.90%, compared to 0.75% in the previous year, reflecting better asset utilization[4]. - The total assets as of year-end amounted to HKD 3,868,783 million, an increase from HKD 3,666,505 million in 2022[3]. - The company’s return on equity improved to 10.60%, up from 8.50% in 2022, indicating stronger profitability for shareholders[3]. - The loan-to-deposit ratio was reported at 67.99%, slightly down from 69.34% in the previous year, suggesting a stable funding position[4]. - The net operating income before impairment provisions was HKD 65.50 billion, and annual profit was HKD 34.86 billion, reflecting year-on-year growth of 20.8% and 28.0% respectively[12]. Sustainability and Social Responsibility - The company set a target for "operational carbon neutrality" by 2030 and published its first TCFD report, detailing its sustainable development strategy[9]. - The company launched a range of green financial products, including the first government-issued tokenized green bonds and a climate transition ETF for the Greater Bay Area[10]. - The company is committed to social responsibility, sponsoring community initiatives and receiving multiple awards for its contributions to environmental, social, and governance (ESG) efforts[10]. - The balance of green mortgage loans increased approximately 2.7 times compared to the end of 2022, promoting carbon reduction and environmental sustainability[59]. - The group’s green and sustainable development performance-linked loans increased by 76% compared to the end of 2022, with green deposits growing by 20% year-on-year[69]. Risk Management - The company emphasized risk management, receiving recognition as the "Most Resilient Bank in Hong Kong and Asia-Pacific" for four consecutive years and being named the "Second Most Resilient Bank Globally" in 2023[9]. - The company employs a value-at-risk model to measure market risk, using historical data to set risk limits for the group and its subsidiaries[92]. - The group adheres to a robust liquidity risk preference, ensuring stable and sufficient cash sources under normal and stressed conditions[95]. - The company has established a comprehensive mechanism to continuously monitor reputation risk events, aiming to mitigate potential negative impacts[98]. - The group regularly reviews its business strategies in response to the latest market conditions and developments[100]. Digital Transformation and Innovation - The company is expanding its digital financial service capabilities, including improving mobile banking penetration and enhancing online approval and transaction capabilities[8]. - The number of mobile banking customers steadily expanded, with online mortgage applications increasing by 12 percentage points to 59% of total mortgage applications[60]. - The company has integrated over 160 functions in its mobile banking services, including a new one-stop IPO section[83]. - The company has become one of the first financial institutions to offer "Faster Payment" services linked with Thailand's PromptPay system[84]. - The company is actively enhancing its risk management capabilities in Southeast Asia, implementing a strict control principle to manage credit risks[80]. Corporate Governance - The company is committed to maintaining strong corporate governance practices to foster stakeholder trust and long-term growth[121]. - The board includes members with diverse expertise in finance, governance, and risk management, ensuring comprehensive oversight[117][118]. - The company has established a board diversity policy that considers various factors, including gender, age, cultural background, and professional experience[187]. - The board consists of 11 members, with 7 independent non-executive directors, representing 63.6% of the board, exceeding the minimum requirement of one-third as per listing rules[184]. - The company has implemented a zero-tolerance policy towards corruption and bribery, ensuring compliance with all relevant laws and regulations[174]. Market Position and Growth Strategy - The company achieved significant growth in cross-border personal customer numbers and cross-border income, enhancing its market competitiveness and brand reputation[8]. - The group anticipates significant development opportunities due to the national "14th Five-Year Plan" and the deepening construction of the Guangdong-Hong Kong-Macao Greater Bay Area[24]. - The company is actively supporting the "Belt and Road" initiative and the internationalization of the RMB, optimizing its regional brand and customer referral services[8]. - The company plans to enhance regional, comprehensive, and digital financial services, aiming to strengthen its market competitiveness amid global economic uncertainties[11]. - The company is focused on expanding its market presence and enhancing its governance structure through the expertise of its board members[124][126].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 股份代號：2388（港幣櫃台）及82388（人民幣櫃台） 2023年第三季度財務及業務回顧 本公司根據《香港聯合交易所有限公司證券上市規則》第13.09條而作出本公告 以下的介紹提供有關中銀香港（控股）有限公司（「本公司」）及其附屬公司（統稱 「本集團」）2023年第三季度經營表現的若干財務資料。 2023年第三季度，經營環境依然複雜嚴峻。美國整體通脹回落但仍然高企，美聯 儲繼續加息應對。歐洲的地緣政治發展仍存不確定性，歐洲央行持續加息抑制通 脹壓力。內地方面，生產需求改善，物價總體穩定，中國人民銀行採取降準、降 息等逆週期調節手段，保持銀行體系流動性合理充裕。東南亞經濟持續復甦，區 內央行的貨幣政策分化，東南亞匯率表現波動。 儘管環球金融市場波動加劇，香港金融系統仍維持有效運作，銀行體系保持穩 健。香港貨物進出口繼續受壓，香港特區政府推出一系列措施提振消費氣氛，零 售表現有所改善，失業率繼續回落。 財 ...

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