Core Viewpoint - Southbound funds have reduced their holdings in Bank of China Hong Kong (02388.HK) significantly over recent trading days, indicating a potential shift in investor sentiment towards the bank's stock [1][2]. Group 1: Shareholding Changes - On October 22, southbound funds reduced their holdings by 1.6675 million shares, representing a decrease of 0.48% [2]. - Over the past five trading days, there have been reductions in holdings for four days, totaling a net decrease of 3.427 million shares [1]. - In the last 20 trading days, there were 13 days of reductions, with a cumulative net decrease of 11.4546 million shares [1]. Group 2: Current Holdings - As of now, southbound funds hold 348 million shares of Bank of China Hong Kong, which accounts for 3.28% of the company's total issued ordinary shares [1][2]. - The total number of shares held by southbound funds has decreased from 350 million to 348 million over the last trading days [2]. Group 3: Company Overview - Bank of China Hong Kong is one of the three note-issuing banks in Hong Kong and the only clearing bank for RMB business in the region [2]. - The bank is positioned favorably in major business markets, leveraging its strengths in RMB services to attract clients [2]. - It offers comprehensive financial and investment services through a vast branch network and efficient electronic channels, catering to individuals, businesses, and institutions [2].

Market Sentiment - The Hong Kong residential property market is showing signs of mending investor sentiment, although analysts remain cautious about a full recovery due to geopolitical tensions and economic uncertainties [1] - Investors accounted for 20% of the market's total transactions in 2025, with certain districts near universities potentially having a higher proportion of investor activity [1] Rental Yields - The average gross rental yield for mass residential units in Hong Kong is 3.7%, which is appealing to mainland buyers [2] - Hong Kong's residential rents increased in August, with the rental index rising by 1.12%, marking the largest increment in 14 months, bringing it close to the record high of 200.1 recorded in August 2019 [6] Interest Rates and Economic Factors - Investor interest is being driven by expectations of further interest rate cuts and potential rent increases, with HSBC offering a fixed-rate mortgage plan at 2.73% per annum [3] - Following the US Federal Reserve's easing of policy rates, the Hong Kong Monetary Authority reduced the prime lending rates by 12.5 basis points on September 18 [4] Market Challenges - The Hong Kong economy faces challenges such as weak consumption, high vacancy rates in commercial buildings, and an oversupply of private residential units [5] - While rental yields may not be the most attractive incentive, lower residential flat prices could present a good entry point for investors seeking capital gains [6]

徐海峰指出，首先，打开深化国际交往合作新局面。一方面，香港应继续强化中国资本"走出去"的枢纽角色，将香港的制度优势、专业服务和国际网络转化 为内地企业拓展全球市场的强大动能。10月特区政府已正式启动"内地企业出海专班"，相信后续会陆续推出具体政策和措施。 "随着中国金融开放的不断深化，香港作为金融强国六大核心关键要素之一——强大国际金融中心的现实载体，也需要寻找世界变革下的未来之路。"10月19 日，在全球财富管理论坛·2025上海苏河湾大会上，中银香港副总裁徐海峰表示，香港可以进一步发挥 "超级联系人"的独特优势，以合作发展为重点，从国 际国内两个层面构筑未来全球金融竞争的新优势。 其次，沪港协同发展服务新发展格局。徐海峰表示，香港和上海作为中国最具竞争力的金融中心城市，二者通过离岸与在岸金融的协同发展、双极驱动，不 断增强金融强国核心要素，既是开拓中国特色金融发展之路的重要内涵，也是助力中国构建新发展格局的金融支撑。 "沪港金融中心协同发展可以考虑以做大要素市场为核心，以基础设施互联为支撑，以人民币国际化为突破，以创新与监管协同为保障，通过制度型开放与 功能化分工，稳步提升我国金融资产定价权、国际金融规则 ...

格隆汇10月16日丨中银香港(02388.HK)宣布，将于2025年10月28日（星期二）召开董事委员会会议，藉 以（其中包括）审议及通过本公司2025年第三季度财务及业务回顾，以及考虑宣派2025年度第三次中期 股息。 ...

承董事會命 公司秘書 黃雪飛 香港，2025 年 10 月 16 日 於本公告日期，董事會由葛海蛟先生 * （董事長）、張輝先生 * （副董事長）、 孫煜先生（副董事長兼總裁）、 蔡釗先生 * 、鄭汝樺女士 ** 、蔡冠深博士 ** 、 馮婉眉女士* *、羅義坤先生* *、李惠光先生* *、聶世禾先生* *及馬時亨教授* * 組成。 * 非執行董事 ** 獨立非執行董事 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 內容而産生或因倚賴該等內容而引致的任何損失承擔任何責任。 董事委員會會議召開日期 中銀香港（控股）有限公司（「本公司」）董事會（「董事會」）謹此宣佈將 於 2025 年 10 月 28 日（星期二）召開董事委員會會議，藉以（其中包括）審議 及通過本公司 2025 年第三季度財務及業務回顧，以及考慮宣派 2025 年度第三 次中期股息。 ...

Core Insights - The Hong Kong Monetary Authority (HKMA) and Hong Kong Cyberport Management Company Limited announced the second phase of the generative AI sandbox participant list, featuring 20 banks and 14 technology partners with 27 use cases [1] Group 1: Participants and Use Cases - Notable participants include Ant Bank, Bank of China Hong Kong, and Fubon Bank Hong Kong, highlighting a diverse range of financial institutions involved in the initiative [1] - Ant Group's Ant Technology is a key technology provider, contributing innovative solutions such as AI agent services and AI security products [1] Group 2: Objectives and Benefits - The initiative aims to enhance banking operational efficiency, improve user experience, and strengthen financial risk management capabilities [1]

Core Insights - Southbound funds increased their holdings in Bank of China Hong Kong (02388.HK) by 1.432 million shares on October 15, 2025, marking a 0.41% increase in total holdings [1][2] - Over the past five trading days, southbound funds have reduced their holdings on four occasions, resulting in a cumulative net reduction of 5.3475 million shares [1][2] - In the last twenty trading days, there have been eleven days of net reductions, totaling 7.3011 million shares [1][2] - As of now, southbound funds hold 351 million shares of Bank of China Hong Kong, which represents 3.31% of the company's total issued ordinary shares [1][2] Company Overview - Bank of China Hong Kong is one of the three note-issuing banks in Hong Kong and the only RMB clearing bank in the region, holding a leading position in major business markets [2] - The bank leverages its advantages in RMB services, making it a preferred choice for clients [2] - It offers comprehensive financial and investment services to individuals, various enterprises, and institutions through an extensive branch network and diverse service channels, including online and mobile banking [2] - The bank provides high-quality cross-border services to multinational companies, cross-border clients, and central banks through close collaboration with its parent company, Bank of China [2]

大型蓝筹股多数上涨，汇丰控股收报103.922港元，较香港收市涨1.98%;腾讯控股收报623.857港元，较香港收市涨0.46%。 智通财经APP获悉，周二美股三大指数涨跌不一。恒生指数ADR上涨，按比例计算，收报25667.98点，较香港收市涨226.63点或0.89%。 | 序号 | 名称 | 港股代码 | 最新价 | 涨跌额 | 涨跌幅 | ADR代在 | ADR换算价 | 较港股升跌 | 较港股升跌% | ADRE | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 腾讯控股 | O 00700 | 621.000 | 18.000 | -2.82% | TCEHY | 623.857 | +2.857 | 0.46% | 80 | | 2 | 阿里巴巴-W | 09988 | 155.600 | -7.000 | -4.31% | BABA | 158.258 | +2.658 | 1.71% | 162 | | 3 | 建设银行 | 00939 | 7.490 | +0.170 | 2.32% | ...

证券之星消息，10月14日南向资金减持131.6万股中银香港（02388.HK）。近5个交易日中，获南向资金 减持的有5天，累计净减持775.15万股。近20个交易日中，获南向资金减持的有11天，累计净减持867.96 万股。截至目前，南向资金持有中银香港（02388.HK）3.5亿股，占公司已发行普通股的3.3%。 | 交易日 | 持股总数(股) | 持股变动(股) | 变动幅度 | | --- | --- | --- | --- | | 2025-10-14 | 3.50亿 | -131.60万 | -0.37% | | 2025-10-13 | 3.51亿 | -33.05万 | -0.09% | | 2025-10-03 | 3.52亿 | -210.55万 | -0.60% | | 2025-10-02 | 3.54亿 | -302.75万 | -0.85% | | 2025-09-30 | 3.57亿 | -97.20万 | -0.27% | 中银香港是香港三家发钞银行之一，亦是香港唯一的人民币业务清算行，在各主要业务市场位居前列。 凭借在人民币业务方面的优势，中银香港的人民币服务成为客户的当然选 ...

Core Viewpoint - Guosen Securities (Hong Kong) initiates coverage on Bank of China Hong Kong (02388) with an "Outperform" rating, projecting net profit for 2025-2027 at HKD 38.9 billion, 40.2 billion, and 42.7 billion respectively, indicating year-on-year growth of 1.8%, 3.4%, and 6.2% [1] Group 1: Revenue and Profit Growth - The company achieved operating revenue of HKD 40 billion in the first half of 2025, reflecting a year-on-year increase of 13.3%; net profit attributable to shareholders for the same period was HKD 22.2 billion, up 10.5% year-on-year [1] - The annualized weighted average ROE for the first half of 2025 was 12.9%, an increase of 0.5 percentage points year-on-year [1] Group 2: Asset Growth - As of June 30, the company's total assets grew by 10.0% year-on-year to HKD 4.40 trillion, with a 4.9% increase compared to the beginning of the year; market share remained stable [2] - Deposits increased by 5.8% year-on-year to HKD 2.87 trillion, while total loans rose by 2.0% year-on-year to HKD 1.71 trillion [2] - The common equity tier 1 capital ratio was 20.05% as of June 30, up 0.03 percentage points from the beginning of the year [2] Group 3: Net Interest Margin and Income - The average net interest margin for the first half of 2025 was 1.34%, a decrease of 12 basis points year-on-year, with net interest income declining by 3.5% to HKD 25.1 billion [3] - The decline in net interest margin is attributed to the Federal Reserve entering a rate-cutting cycle, leading to lower market interest rates compared to the previous year [3] Group 4: Non-Interest Income Growth - Net fee income increased by 25.8% year-on-year in the first half of 2025, driven by a recovery in investment market sentiment and increased demand for wealth management services [4] - Other non-interest income surged by 99.1% year-on-year, primarily due to rising global market trading revenues and increased prices for foreign exchange-related products [4] Group 5: Asset Quality - The estimated non-performing loan generation rate was 0.40% in the first half of 2025, up 0.32 percentage points year-on-year; the credit cost rate was 0.40%, an increase of 0.16 percentage points year-on-year [5] - As of June 30, the impaired loan ratio was 1.02%, down 0.03 percentage points from the beginning of the year, with a provision coverage ratio of 86%, up 1 percentage point from the beginning of the year [5] - Despite an upward trend in the impaired loan ratio since 2022, the company's asset quality remains superior compared to the industry average [5]