承董事會命 公司秘書 黃雪飛 香港，2025 年 8 月 19 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。 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 8 月 29 日（星期五）召開董事委員會會議，藉以（其中包括）審議 及通過本公司截至 2025 年 6 月 30 日止六個月的未經審核綜合財務報表，以及 考慮宣派 2025 年度第二次中期股息。 * 非執行董事 ** 獨立非執行董事 ...

Group 1 - UBS expects HIBOR to stabilize between 2% and 2.5% by the end of Q3 [1] - UBS maintains a cautious stance on Hong Kong commercial real estate risks due to potential increases in non-performing loans related to HIBOR rebound [1] - UBS has downgraded Hang Seng Bank's rating from "Neutral" to "Sell" due to rising credit costs and potential dividend cuts in 2025 [1] Group 2 - UBS anticipates that the compression pressure on net interest income for Hong Kong banks in Q3 will be greater than in Q2 [2] - The bank forecasts a decline in net interest income for Bank of China Hong Kong, Hang Seng Bank, and East Asia Bank by 7%, 9%, and 11% respectively in 2025 [2] - After a 2% growth in loan balances from May to June, the sustainability of this growth momentum remains uncertain [2]

自安老按揭计划推出以来，中银香港(02388)的参与度一直最高，7月份39宗安老按揭登记当中，有38宗 由中银香港承造，其余1宗由建银亚洲承造。截至今年首7个月，中银香港的安老按揭市场占有率高达 97.4%，期内累计录得223宗登记，较去年同期减少17.1%。上海商业银行则录得4宗登记(市场占有 率:1.7%)，而交银香港及建行(亚洲)各自录得1宗登记(市场占有率分别为0.4%)。 根据香港按证保险公司的数据，2025年7月共接获76宗安老按揭申请，较6月的62宗，增加22.6%;今年首 7个月累计接获563宗安老按揭申请，较2024年同期的596宗，减少5.5%。 智通财经APP获悉，根据中原按揭研究部及土地注册处的数据，2025年7月香港录得39宗安老按揭登 记，较6月的26宗，增加13宗(环比升50%)，这是自2024年10月以来的9个月最高水平。至于2025年首7个 月共录得229宗安老按揭登记，相比2024年同期的274宗，减少16.4%。 香港按揭证券公司于2011年7月推出安老按揭计划。根据其统计，截至2025年7月31日，该计划累计收到 8558宗申请，其中单人申请占比最高，达65.6%，双人 ...

Core Insights - The article highlights the top short-selling stocks in the market, focusing on their short-selling ratios, amounts, and deviation values [1][2][3] Short-Selling Ratios - The top three stocks by short-selling ratio are: - China Resources Beer-R (80291) at 100.00% - Bank of China Hong Kong-R (82388) at 88.69% - Kuaishou-WR (81024) at 80.08% [1][2] Short-Selling Amounts - The leading stocks by short-selling amount are: - Alibaba-SW (09988) with a short-selling amount of 2.949 billion - Tencent Holdings (00700) with 2.711 billion - Meituan-W (03690) with 2.333 billion [1][3] Deviation Values - The stocks with the highest deviation values are: - China Resources Beer-R (80291) at 51.62% - Kuaishou-WR (81024) at 43.86% - Bank of China Hong Kong-R (82388) at 39.84% [1][2][3]

Market Overview - The Hang Seng Index (HSI) closed at 25,237.96, down by 32.11 points or 0.13% on August 15 [1] - The index reached a high of 25,311.59 and a low of 25,199.63 during the trading session [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 99.966, down 0.33% from the previous close [2] - Tencent Holdings closed at HKD 591.706, down 0.05% from the previous close [2] Stock Price Movements - Tencent Holdings (00700) increased by HKD 2.00, or 0.34%, to HKD 592.00 [3] - Alibaba Group (09988) decreased by HKD 3.70, or 3.04%, to HKD 118.10 [3] - China Construction Bank (00939) fell by HKD 0.18, or 2.26%, to HKD 7.80 [3] - HSBC Holdings (00005) decreased by HKD 0.10, or 0.10%, to HKD 100.30 [3] - Xiaomi Group (01810) dropped by HKD 0.35, or 0.66%, to HKD 52.85 [3] - AIA Group (01299) fell by HKD 1.95, or 2.54%, to HKD 74.95 [3] - Meituan (03690) decreased by HKD 2.70, or 2.17%, to HKD 121.70 [3] - NetEase (099999) dropped by HKD 7.60, or 3.66%, to HKD 200.20 [3] - Hong Kong Exchanges and Clearing (00388) increased by HKD 0.20, or 0.05%, to HKD 439.40 [3] - Industrial and Commercial Bank of China (01398) fell by HKD 0.19, or 3.09%, to HKD 5.96 [3] - Ping An Insurance (02318) decreased by HKD 0.30, or 0.52%, to HKD 57.60 [3] - BYD Company (01211) dropped by HKD 1.00, or 0.88%, to HKD 112.80 [3] - Bank of China (03988) fell by HKD 0.09, or 1.98%, to HKD 4.45 [3] - Kuaishou Technology (01024) decreased by HKD 0.40, or 0.53%, to HKD 74.80 [3] - Ctrip (09961) increased by HKD 1.80, or 0.37%, to HKD 489.00 [3] - Tencent Music (01698) decreased by HKD 0.90, or 0.89%, to HKD 99.90 [3] - BeiGene (06160) increased by HKD 6.50, or 3.51%, to HKD 191.50 [3]

Market Overview - Most large-cap stocks experienced declines, with HSBC Holdings closing at HKD 103.043, up 2.63% from the previous close, while Tencent Holdings closed at HKD 585.875, down 0.70% [1][2] Stock Performance Summary - Tencent Holdings (00700) latest price: HKD 590.000, change: +HKD 4.000 (+0.68%), ADR price: HKD 585.875, decline: -HKD 4.125 (-0.70%) [2] - Alibaba Group (09988) latest price: HKD 121.800, change: -HKD 1.900 (-1.54%), ADR price: HKD 119.737, decline: -HKD 2.063 (-1.69%) [2] - HSBC Holdings (00005) latest price: HKD 100.400, change: -HKD 0.315 (-0.31%), ADR price: HKD 103.043, increase: +HKD 2.643 (+2.63%) [2] - AIA Group (01299) latest price: HKD 76.900, change: +HKD 0.500 (+0.65%), ADR price: HKD 76.338, decline: -HKD 0.562 (-0.73%) [2] - Meituan (03690) latest price: HKD 124.400, change: +HKD 0.100 (+0.08%), ADR price: HKD 121.813, decline: -HKD 2.587 (-2.08%) [2] - NetEase (099999) latest price: HKD 207.800, change: -HKD 7.600 (-3.53%), ADR price: HKD 203.157, decline: -HKD 4.643 (-2.23%) [2] - Hong Kong Exchanges and Clearing (00388) latest price: HKD 439.200, change: -HKD 0.600 (-0.14%), ADR price: HKD 435.548, decline: -HKD 3.652 (-0.83%) [2] - Ping An Insurance (02318) latest price: HKD 57.900, change: +HKD 1.100 (+1.94%), ADR price: HKD 57.146, decline: -HKD 0.754 (-1.30%) [2] - JD.com (09618) latest price: HKD 125.100, change: -HKD 2.300 (-1.81%), ADR price: HKD 123.693, decline: -HKD 1.407 (-1.13%) [2] - Kuaishou Technology (01024) latest price: HKD 75.200, change: +HKD 0.250 (+0.33%), ADR price: HKD 74.811, decline: -HKD 0.389 (-0.52%) [2]

大摩认为，中银香港(02388)股息回报将获支持，相信即将公布的中期业绩当中净息差将受压，但非利 息收入预料表现强劲，将关注管理层对信贷质素及资本管理的看法，予"减持"评级，目标价从24.7港元 上调至31.4港元。该行又指，恒生银行(00011)估值偏高，维持减持评级，目标价由93港元升至94.5港 元。 智通财经APP获悉，摩根士丹利发布研报称，上半年本地利率因素及信贷质素风险持续，一众银行股中 较偏好国际银行多于本地银行，因本地银行估值偏高，而国际性银行估值相对合理、资本回报具支持及 前景正面，维持对汇丰控股(00005)及渣打集团(02888)的"增持"评级。 （原标题：大摩：港银中偏好估值合理的国际性银行 予汇丰控股(00005)及渣打集团(02888)"增持"评 级） 该行认为，银行股第二季业绩将主要受HIBOR下跌及香港商业地产信贷质素恶化的影响，预料财富管 理业务及市场收入可抵销部分压力，但相信下半年挑战仍存在，预计银行净利息收入及净息差将于第三 季录得按季下跌，至第四季有望轻微复苏。随着美国利率预期下降，大摩预期2026年净息差可进一步收 窄。 ...

西部证券表示，港股通高股息行业在当前流动性宽松环境下具备长期投资价值。一方面，非标投资收益下滑背景下，高股息标的持续吸引低成本资金流入； 另一方面，银行等板块盈利保持稳健，分红水平维持稳定。反内卷政策推动下，焦炭、普钢等中游材料行业供需格局改善，PPI企稳预期增强，有利于企业 盈利修复。 截至2025年8月14日 14:46，恒生港股通高股息率指数(HSSCHKY)下跌0.35%。成分股方面涨跌互现，中国财险(02328)领涨4.99%，中国太保(02601)上涨 4.83%，统一企业中国(00220)上涨4.38%；兖矿能源(01171)领跌4.52%，中银香港(02388)下跌3.40%，中煤能源(01898)下跌2.97%。港股红利ETF博时(513690) 多空胶着，最新报价1.1元。拉长时间看，截至2025年8月13日，港股红利ETF博时近1周累计上涨2.89%。 流动性方面，港股红利ETF博时盘中换手4.32%，成交2.09亿元。拉长时间看，截至8月13日，港股红利ETF博时近1月日均成交2.48亿元。 规模方面，港股红利ETF博时最新规模达48.12亿元。 数据显示，杠杆资金持续布局中。港股红利 ...

大型蓝筹股多数上涨，汇丰控股收报100.791港元，较香港收市涨0.84%；腾讯控股收报558.587港元，较香港收市跌0.43%。 | | 全部落股 | 百,主板 | | 创业板 | 恒生指数 | W | | --- | --- | --- | --- | --- | --- | --- | | 序号 | 名称 | 港股代码 | ADR换算价(HKD) | 较港股升跌 | 较港股升跌% | ADR最新价(美元) A | | 1 | 腾讯控股 | O 00700 | 558.587 | -2.413 | -0.43% | 71.160 | | 2 | 阿里巴巴-W | 09988 | 116.412 | -2.088 | -1.76% | 118.640 | | 3 | 建设银行 | 00939 | 7.905 | -0.025 | -0.32% | 20.140 | | 4 | 汇丰控股 | 00005 | 100.791 | +0.841 | 0.84% | 64.200 | | 5 | 小米集团-W | 01810 | 50.317 | -0.483 | -0.95% | 32.050 | | 6 | ...

Core Viewpoint - ST Xin Ya (002388) has shown a decline in stock price and mixed financial performance, indicating potential challenges ahead for the company [1] Financial Performance - As of the first quarter of 2025, the company reported total revenue of 382 million yuan, a year-on-year decrease of 17.14% [1] - The net profit attributable to shareholders was 13.41 million yuan, reflecting a significant year-on-year increase of 210.40% [1] - The non-recurring net profit was 7.29 million yuan, which represents a year-on-year decrease of 191.26% [1] - The current ratio is 1.447, the quick ratio is 1.259, and the debt-to-asset ratio stands at 53.05% [1] Stock Market Activity - As of August 8, 2025, ST Xin Ya's stock closed at 4.56 yuan, down by 1.51% with a turnover rate of 3.03% [1] - The trading volume was 153,200 hands, with a total transaction amount of 69.67 million yuan [1] - There was a net outflow of main funds amounting to 11.81 million yuan, accounting for 16.95% of the transaction amount [1] - Large orders saw a net outflow of 14.86 million yuan, while small orders had a net inflow of 6.24 million yuan [1] Company Background - Xin Ya Process (Zhejiang) Co., Ltd. was established in 2003 and is located in Quzhou City, primarily engaged in the manufacturing of computers, communications, and other electronic devices [2] - The registered capital of the company is 507.73 million yuan, with paid-in capital of 503.77 million yuan [1][2] - The legal representative of the company is Wang Weihua [1]