Financial Data and Key Metrics Changes - Profit attributable to equity holders increased by 10.5% to HKD 22.2 billion, with ROE rising by 0.53 percentage points to 12.92% [3][4][76] - After-tax profit grew by 11.4% year on year to HKD 22.8 billion [15] - Customer deposits increased by 5.6% to HKD 2,880 billion, with CASA deposits surging by 31.7% [17][18] - NPL ratio decreased by three basis points to 1.02%, outperforming the market average [20] Business Line Data and Key Metrics Changes - BOC Life's standard new premiums grew by 30%, ranking second in the market for the first quarter [5][79] - Assets under custody increased by 19% [4][79] - Fee income from investment and insurance business grew significantly by 95%, resulting in a 25.8% growth in net fee income [19][50] - The number of cross-border high-end customers grew by 44%, and new high-end personal banking customers increased by 35% [4][78] Market Data and Key Metrics Changes - In Southeast Asia, deposits and loans increased by 10.5% and 8.4% respectively, with income rising by 9.3% year on year [9][82] - RMB loans grew by 16%, with a 90% increase in the underwriting volume of offshore RMB public bonds [10][82] - The average LCR and NSFR stood at 208% and 140% respectively, indicating solid liquidity [20] Company Strategy and Development Direction - The company aims to deepen the development of private banking, asset management, and custodian business while enhancing its role as a regional headquarters for Southeast Asian operations [22][23] - The focus will be on balancing quality, profitability, and scale, diversifying income sources, and maintaining consistent risk management [23] - The company is committed to digital transformation and enhancing its capabilities in AI applications [12][70] Management's Comments on Operating Environment and Future Outlook - The banking sector faces a challenging operating environment due to uncertain global economic conditions and local market interest rates [3][22] - The company expects continued pressure on banking operations but sees opportunities arising from industrial chain optimization and the robust development of AI and digital assets [22][23] - Management anticipates that interest rates will remain uncertain, impacting NIM and net interest income [32] Other Important Information - The Board declared a second interim dividend of HKD 0.29 per share, with total DPS for the first half amounting to HKD 0.58 [4][76] - The company has been recognized for its ESG and CSR efforts, receiving various accolades from renowned institutions [13][14] Q&A Session All Questions and Answers Question: Outlook for NIM and dividend policy - Management noted that HIBOR has fluctuated, impacting NIM, which was 1.54%, down seven basis points year on year, and expects pressure on NIM going forward [29][30][32] - Regarding dividends, the company aims to balance long-term shareholder returns with operational results, maintaining a dividend payout ratio within a specified range [33][34][35] Question: Loan growth expectations and Southeast Asia strategy - Loan demand has increased by a single digit, with expectations for steady growth in the second half, supported by policy and market conditions [38][39][40] - The Southeast Asian market is a key focus, with strategies to enhance contributions to overall revenue and strengthen regional risk management capabilities [41][42][43] Question: Fee income sustainability and asset quality - Non-interest income increased significantly, with expectations for continued growth driven by strong market conditions and customer needs [49][50] - Asset quality remains stable, with a focus on managing risks associated with the property market and maintaining healthy coverage ratios [53][54][56]

Financial Data and Key Metrics Changes - Profit attributable to equity holders increased by 10.5% to HKD 22.2 billion, with ROE rising by 0.53 percentage points to 12.92% [4][81] - Total customer deposits grew by 5.6% to HKD 2,880 billion, with CASA deposits surging by 31.7% [16] - After-tax profit grew by 11.4% year on year to HKD 22.8 billion [15] - Operating expenses increased by 2.3% to HKD 8.3 billion, while cash to income ratio improved by 2.2 percentage points to 20.8% [19] Business Line Data and Key Metrics Changes - BOC Life's standard new premiums grew by 30%, ranking second in the market for the first quarter [6][83] - Assets under custody increased by 19% [5][82] - Fee income from investment and insurance business grew significantly by 95%, resulting in a 25.8% growth in net fee income [19][52] - The number of cross-border high-end customers grew by 44%, and new high-end personal banking customers increased by 35% [5][82] Market Data and Key Metrics Changes - The NPL ratio of Southeast Asian entities was 2.7%, down eight basis points from the end of last year [9][86] - RMB loans grew by 16%, with a 90% increase in the underwriting volume of offshore RMB public bonds [10][86] - The average LCR and NSFR stood at 208% and 140% respectively, indicating solid liquidity [20] Company Strategy and Development Direction - The company aims to deepen the development of private banking, asset management, and custodian business while enhancing its role as a regional headquarters for Southeast Asian operations [22] - The strategic focus includes leveraging innovative technologies and strengthening talent development to support the next five-year plan [22] - The company is committed to balancing quality, profitability, and scale while diversifying income sources and maintaining consistent risk management [22] Management's Comments on Operating Environment and Future Outlook - The management noted that the banking sector faces a challenging operating environment due to uncertain global economic conditions and local market interest rates [4] - The outlook for the second half anticipates continued pressure on banking operations due to cyclical and structural adjustments in Hong Kong's economy [22] - New opportunities are expected from industrial chain optimization and the robust development of AI and digital assets [22] Other Important Information - The company launched the dual currency BOC GoCard and grew BOC Pay plus mainland transaction volumes by 40% year on year [7][84] - The company actively participated in offshore RMB market development and supported the issuance of green bonds and infrastructure bonds [10][88] - The company established an AI committee to coordinate AI-related applications and risk management [12][76] Q&A Session Summary Question: Outlook on NIM and HIBOR's impact - Management indicated that HIBOR has fluctuated, and while the NIM was 1.54%, it is expected to face pressure due to lower interest rates [29][32] Question: Dividend policy and share repurchases - Management confirmed a second interim dividend of HKD 0.29 per share, with a focus on long-term shareholder returns and potential share repurchases [33][34] Question: Loan growth expectations for the second half - Management noted steady loan demand growth, with expectations for recovery in loan demand despite global economic challenges [39][41] Question: Fee income sustainability - Management expects continued strong momentum in fee income driven by investment insurance and cross-border consumption [52][55] Question: Asset quality and property market outlook - Management reported stable asset quality with a focus on risk management, particularly in the property sector, which remains under pressure [56][59]

格隆汇8月29日丨中银香港(02388.HK)公布中期业绩，2025年上半年，期内溢利为227.96亿港元，同比 增长11.4%；公司股东应占溢利为221.52亿港元，同比增长10.54%；每股基本盈利为2.0952港元。第一 次及第二次中期股息均为每股0.29港元，合计为每股0.58港元。 2025年上半年，集团期内提取减值准备前之净经营收入为400.22亿港元，按年上升13.3%。计入外汇掉 期合约的资金收入或成本后的净利息收入按年上升，由平均生息资产增长带动。净服务费及佣金收入按 年上升，主要是把握了投资市场气氛回暖的机遇，保险、证券经纪和基金业务佣金收入按年增长。净交 易性收益亦按年上升，抵销了经营支出、减值准备净拨备及投资物业公平值调整之净亏损增加的影响。 与2024年下半年相比，集团提取减值准备前之净经营收入上升港币41.05亿元或11.4%，主要由于净服务 费及佣金收入和净交易性收益上升，抵销了净利息收入下降的影响。经营支出及投资物业公平值调整之 净亏损回落，减值准备净拨备则增加，期内溢利较去年下半年上升港币41.41亿元或22.2%。 相关事件 中银香港(02388.HK)上半年纯利增长10. ...

Financial Performance - Profit attributable to equity holders increased by 10.5% year-over-year to HK$22,152 million[9] - Basic earnings per share increased by 10.5% to HK$2.0952[63] - Customer deposits increased by 5.6% to HK$2,875,521 million[39] - Customer loans increased by 2.0% to HK$1,710,380 million[41] - Net fee and commission income increased significantly by 25.8% to HK$6,292 million[38, 63] Business Highlights - The company remained 1 in cumulative number of new residential mortgage loans for 6 consecutive years[11] - Cross-border high-end customer increased 44% year-over-year[11] - Value of bonds underwritten increased significantly by 105%[11] - Assets under custody increased by 19%[11] - BoC Pay+ transaction volumes in the Mainland surged by 38.8%[14] SEA Business - Customer deposits in SEA increased by 10.5% year-to-date[17] - Customer loans in SEA increased by 8.4% year-to-date[17] - Operating income in SEA increased by 9.3% year-over-year[17] BOC Life Business Development - Standard new premiums increased by 33.6% to HK$14,831 million[84] - Value of new business (VNB) increased by 36.1% to HK$2,178 million[84]

Core Insights - Bank of China Hong Kong (02388) reported a net operating income of HKD 40.022 billion for the first half of 2025, an increase of 13.26% year-on-year [1] - The profit attributable to shareholders was HKD 22.12 billion, up 10.54% year-on-year, with basic earnings per share at HKD 2.0952 and an interim dividend of HKD 0.58 per share proposed [1] - The net interest income, after accounting for foreign exchange swap contracts, rose to HKD 28.929 billion, a 0.4% increase year-on-year, driven by the growth in average interest-earning assets [2] Financial Performance - The net interest income before impairment provisions was HKD 25.063 billion for the first half of 2025, supported by a 5.7% year-on-year increase in average interest-earning assets, amounting to HKD 2,038.71 billion [2] - The net interest margin, after including foreign exchange swap contracts, was 1.54%, a decrease of 7 basis points year-on-year due to lower market interest rates compared to the previous year [2] - Total assets reached HKD 439.982 billion as of June 30, 2025, reflecting a growth of HKD 20.5414 billion or 4.9% from the end of the previous year [2] Revenue Sources - Net service fee and commission income increased year-on-year, benefiting from improved market conditions, particularly in insurance, securities brokerage, and fund business commissions [1] - Net trading income also rose year-on-year, offsetting the increase in operating expenses, impairment provisions, and net losses from fair value adjustments of investment properties [1] - Cash and balances with banks and other financial institutions decreased by HKD 12.7679 billion or 20.9%, primarily due to a reduction in deposits with the central bank [2]

Core Insights - Bank of China Hong Kong (02388) reported a net operating income of HKD 40.022 billion for the first half of 2025, an increase of 13.26% year-on-year [1] - The profit attributable to shareholders was HKD 22.12 billion, up 10.54% year-on-year, with basic earnings per share at HKD 2.0952 and an interim dividend of HKD 0.58 per share proposed [1] - The net interest income, after accounting for foreign exchange swap contracts, rose to HKD 28.929 billion, a 0.4% year-on-year increase, driven by growth in average interest-earning assets [2] Financial Performance - The net interest income before impairment provisions was HKD 25.063 billion for the first half of 2025, supported by a 5.7% year-on-year increase in average interest-earning assets, amounting to HKD 2,038.71 billion [2] - The net interest margin, after considering foreign exchange swap contracts, was 1.54%, a decrease of 7 basis points year-on-year due to lower market interest rates compared to the previous year [2] - Total assets reached HKD 439.982 billion as of June 30, 2025, reflecting a growth of HKD 20.5414 billion or 4.9% from the end of the previous year [2] Revenue Sources - Net service fee and commission income increased year-on-year, benefiting from improved market conditions, particularly in insurance, securities brokerage, and fund business commissions [1] - Net trading income also rose year-on-year, offsetting the increase in operating expenses, impairment provisions, and net losses from fair value adjustments of investment properties [1] - Cash and balances with banks and other financial institutions decreased by HKD 12.7679 billion or 20.9%, primarily due to a reduction in balances and time deposits with the central bank [2]

| 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 公告全部或任何部份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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 中銀香港（控股）有限公司 | | 股份代號 | 02388 | | 多櫃檯股份代號及貨幣 | 82388 RMB | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 2025年度第二次中期股息及暫停辦理股份過戶登記手續 | | 公告日期 | 2025年8月29日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 第二季度 | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.29 HKD | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.29 HKD | | 匯率 | 1 HKD : 1 HKD | ...

2025 股份代號：2388 （港幣櫃台）及82388 （人民幣櫃台） 本公司本份2025年中期業績報告將由2025年9月上旬寄發的印刷版本取代。 目錄 | | 頁數 | | --- | --- | | 財務摘要 | 2 | | 管理層討論及分析 | 3 | | 簡要綜合收益表 | 40 | | 簡要綜合全面收益表 | 41 | | 簡要綜合資產負債表 | 42 | | 簡要綜合權益變動表 | 43 | | 簡要綜合現金流量表 | 45 | | 中期財務資料附註 | 46 | | 公司治理及其他資料 | 115 | | 獨立審閱報告 | 122 | | 附錄－本公司之附屬公司 | 123 | | 釋義 | 126 | 2025年中期業績報告 中銀香港（控股）有限公司 1 財務摘要 | | 2025年6月30日 | 2024年6月30日 | | --- | --- | --- | | 期內 | 港幣百萬元 | 港幣百萬元 | | 提取減值準備前之淨經營收入 | 40,022 | 35,336 | | 經營溢利 | 28,394 | 25,134 | | 除稅前溢利 | 27,275 | 24,716 | | 期 ...

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） 2025年中期業績公告 中銀香港（控股）有限公司（「本公司」）董事會（「董事會」）欣然宣佈本公司及其 附屬公司截至2025年6月30日止六個月期間的未經審核業績。本公告列載本公司 2025年中期業績報告全文，並符合香港聯合交易所有限公司證券上市規則內有關 中期業績初步公告須附載資料的要求。本公司2025年中期業績報告的印刷版本將 於2025年9月中旬寄發予已選擇收取印刷版本的本公司股東，並可於其時在香港交 易及結算所有限公司的網站 www.hkexnews.hk 及本公司的網站 www.bochk.com 閱 覽。 1 財務摘要 | | 2025年6月30日 | 2024年6月30日 | | --- | --- | --- | | 期內 | 港幣百萬元 | 港幣百萬元 | | 提取減值準備前之淨經營收入 | 40,022 | 35,336 | | ...

Market Overview - Major blue-chip stocks mostly declined, with HSBC Holdings closing at HKD 100.610, up 0.51% from the previous close, while Tencent Holdings closed at HKD 592.833, down 1.03% [1] Stock Performance Summary - Tencent Holdings: Decreased by HKD 10.500, or 1.72%, with an ADR price of HKD 592.833, showing a decline of HKD 6.167 or 1.03% compared to the Hong Kong stock price [2] - Alibaba Group: Increased by HKD 0.200, or 0.16%, with an ADR price of HKD 118.977, down HKD 2.523 or 2.08% compared to the Hong Kong stock price [2] - HSBC Holdings: Decreased by HKD 0.100, or 0.10%, with an ADR price of HKD 100.610, up HKD 0.510 or 0.51% compared to the Hong Kong stock price [2] - AIA Group: Decreased by HKD 1.050, or 1.43%, with an ADR price of HKD 72.011, down HKD 0.389 or 0.54% compared to the Hong Kong stock price [2] - BYD Company: Decreased by HKD 2.500, or 2.13%, with an ADR price of HKD 114.159, down HKD 0.941 or 0.82% compared to the Hong Kong stock price [2] - JD.com: Decreased by HKD 3.100, or 2.49%, with an ADR price of HKD 120.000, down HKD 1.300 or 1.07% compared to the Hong Kong stock price [2]