中国银行（香港）有限公司（简称"中银香港"）将捐款港币2000万元。"中银香港慈善基金"也将开 设"大埔火灾捐款专户"（账户号码：012-875-21885970），用于接收市民捐款。有关捐款在筹集完成后 将统一捐赠予香港公益金，专项用于支援此次事件中的受影响居民。 11月27日，中国银行（601988）发布的消息显示，香港新界大埔屋邨宏福苑多栋住宅楼发生火灾。 ...

Core Viewpoint - Southbound funds have increased their holdings in Bank of China Hong Kong (02388.HK), indicating positive investor sentiment and potential growth in the company's stock value [1][2]. Group 1: Shareholding Changes - On November 21, 2025, southbound funds increased their holdings by 837,000 shares, bringing the total to 377 million shares, which represents a 0.22% increase [2]. - Over the past five trading days, there have been four days of net increases, totaling 1.3993 million shares [1]. - In the last 20 trading days, there were 15 days of net increases, amounting to 28.5186 million shares [1]. Group 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 through a vast branch network and efficient electronic channels, catering to individuals, businesses, and institutions [2].

Core Viewpoint - The company has entered into two guarantees with Bank of China Hong Kong, securing financing responsibilities for its wholly-owned subsidiaries, with a total guarantee amount of up to HKD 9.10 billion and HKD 20 million respectively [1][1][1] Group 1 - The first guarantee ("Guarantee A") is dated November 14, 2025, and covers the obligations of the company's wholly-owned subsidiary, Xingsheng International Securities Limited, under a non-committed financing letter with Bank of China Hong Kong, with a maximum amount of HKD 9.10 billion [1] - The second guarantee ("Guarantee B") is also dated November 14, 2025, and pertains to the obligations of another wholly-owned subsidiary, Xingsheng International Futures Limited, under a non-committed financing letter with Bank of China Hong Kong, with a maximum amount of HKD 20 million [1]

Core Viewpoint - Bank of China (Hong Kong) has successfully completed two production verifications during the trial phase of the Hong Kong Monetary Authority's Ensemble project, marking significant advancements in the tokenization of deposits and interbank transactions [2]. Group 1: Tokenization Achievements - Bank of China (Hong Kong) has utilized its newly established blockchain infrastructure to tokenize customer deposits for subscribing to a tokenized category of Hong Kong dollar money market funds, achieving real-time settlement [2]. - The bank has also completed multiple interbank transactions involving tokenized deposits through the Ensemble project's interoperability platform [2]. Group 2: Future Exploration - The bank's Vice President, Xing Guiwei, stated that as a participant in the Ensemble pilot program, the bank has successfully built its own blockchain platform and connected to the HKMA's Ensemble infrastructure, effectively practicing the concept of tokenized products [2]. - Looking ahead, Bank of China (Hong Kong) plans to further explore the tokenization of financial assets and steadily advance the application of tokenization in traditional financial assets, contributing to the improvement of the tokenization ecosystem and exploring its value for the development of the real economy [2].

Core Viewpoint - Southbound funds have increased their holdings in Bank of China Hong Kong (02388.HK) by 2.2956 million shares on November 12, 2025, indicating a positive trend in investor sentiment towards the bank [1] Summary by Relevant Sections Southbound Fund Activity - In the last 5 trading days, southbound funds have increased their holdings on 3 days, with a total net increase of 2.4276 million shares [1] - Over the past 20 trading days, there have been 12 days of net increases, totaling 24.4858 million shares [1] - As of now, southbound funds hold 375 million shares of Bank of China Hong Kong, accounting for 3.54% of the company's total issued ordinary shares [1] Shareholding Changes - On November 12, 2025, the total number of shares held was 375 million, with a change of 2.2956 million shares, reflecting a 0.62% increase [2] - On November 11, 2025, the total was 372 million shares, with a change of 307,000 shares, a 0.08% increase [2] - On November 10, 2025, the total remained at 372 million shares, with a decrease of 425,500 shares, reflecting a -0.11% change [2] - On November 7, 2025, the total was 372 million shares, with an increase of 277,500 shares, a 0.07% increase [2] - On November 6, 2025, the total was 372 million shares, with a decrease of 27,000 shares, reflecting a -0.01% change [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's RMB services are a preferred choice for clients, supported by a vast branch network and diverse service channels, including online and mobile banking [2] - The bank provides comprehensive financial and investment services to individuals, various enterprises, and institutions, leveraging close ties with its parent company, Bank of China, to offer high-quality cross-border services [2]

Group 1 - The report indicates that Chinese regulatory authorities maintain a cautious stance towards digital assets, but do not impose a ban. The internationalization of the Renminbi and the development of digital assets are areas that regulators wish to explore further, with various pathways including the central bank digital currency (e-CNY) [1] - DBS believes that banks play a crucial role in the digital asset space, contrasting with some investors' concerns that stablecoins may impact banking operations. Instead, banks are deeply involved in digital assets [1] - The report maintains a positive outlook for Hong Kong banks and fintech companies. Short-term catalysts for related fintech companies include the approval of stablecoin licenses in Hong Kong and the introduction of more favorable cryptocurrency policies in the United States [1] Group 2 - The report favors companies with clear stablecoin and digital asset application scenarios, including OSL Group (00863), LianLian Digital (02598), and Linklogis Technology-W (09959). In the banking sector, Bank of China Hong Kong (02388) is expected to benefit from the long-term opportunities of Renminbi tokenization and internationalization [1] - During the Hong Kong Fintech Week, regulation emerged as a frequently mentioned topic in the digital asset forum. The regulatory framework in the digital asset sector is still evolving compared to traditional finance [2] - DBS reiterated "buy" ratings for Bank of China Hong Kong (02388) and OSL Group (00863), with target prices set at HKD 39.4 and HKD 20, respectively [2]

Core Viewpoint - Regulatory discussions dominated the digital asset forum during Hong Kong FinTech Week, highlighting the evolving regulatory framework in the digital asset sector compared to traditional finance [1] Company Analysis - DBS Bank maintains a "Buy" rating for Bank of China Hong Kong (02388) with a target price of HKD 39.4 and for OSL Group (00863) with a target price of HKD 20 [1] - The report emphasizes that Chinese regulators are cautious but not prohibitive regarding digital assets, with a focus on the internationalization of the Renminbi and the development of digital assets, including the central bank digital currency (e-CNY) [1] - The bank plays a crucial role in the digital asset space, countering concerns that stablecoins might disrupt banking operations, as banks are deeply involved in digital assets [1] Industry Outlook - A positive outlook is maintained for Hong Kong banks and fintech companies, with potential catalysts for fintech stock prices in the short term, such as the approval of stablecoin licenses in Hong Kong and favorable cryptocurrency policies in the U.S. [1] - The bank prefers companies with clear stablecoin and digital asset application scenarios, including OSL Group (00863), LianLian Digital (02598), and Linklogis Technology-W (09959) [1] - Bank of China Hong Kong (02388) is expected to benefit from long-term opportunities related to the tokenization and internationalization of the Renminbi [1]

中銀香港（控股）有限公司 戰略及預算委員會職責約章 1. 目標 2. 角色和職責 2.1 中長期戰略 第 1 頁，共 7 頁 2025 年 10 月 1.1 戰略及預算委員會（"本委員會"）是董事會下屬的常設委員 會。本委員會負責協助董事會對中銀香港（控股）有限公司 （"本公司"）和中國銀行（香港）有限公司（"本銀行"），及 其附屬公司（統稱"本集團"）提供戰略及預算指引，具體包 括： 在管理層的協助下，準備集團的中長期戰略計劃，待董 事會批准； 審查、動議及監控本集團的中長期戰略，並向管理層提供 方向性的指引； 審查公司中長期戰略的制定程序，確保其已充分考慮到 一定範圍內的備選方案； 就本集團主要投資、資本性支出和戰略性承諾向董事會 提出建議並監控其實施情況； 審查預算，待董事會批准，並監控預算目標的執行表 現； 審查及監控本集團定期／週期性（包括年度）業務計劃 和財務預算。 2.1.1 本委員會負責審查並向董事會建議批准本集團中長期的增長目 標，即回答本集團"往何處去"、"達到何種目標"的有關問題。 2.1.2 本委員會將會同管理層一起制定戰略計劃。戰略計劃內將會包 含在特定時間內的所要達致的目標。 2. ...

2. 角色和職責 第 1 頁，共 10 頁 2025 年 10 月 中銀香港（控股）有限公司 可持續發展委員會職責約章 1. 目標 1.1 可持續發展委員會（"本委員會"）是董事會下屬的常設委 員會。本委員會負責協助董事會對中銀香港（控股）有限 公 司（ "本公司 "） 和 中國 銀 行 （香 港 ） 有限 公 司 （ "本 銀 行"），及其附屬公司（統稱"本集團"）在可持續發展相關 事宜的監督以達至以下目的: 本集團透過自身可持續經營，禆益當今及後代； 維持和加強本集團長遠的經濟、環境、人力、技術能 力，以達致本集團及主要持份者的長期可持續增長； 及 建立良好、可持續發展的企業文化，以促進良好道德 操守及負責任的行為。 2.1 本委員會承擔監督職責。按本職責約章、董事會或本委員 會（視情況而定）不時通過的策略及政策，按此目的成立 的 管 理 委 員 會 獲 授 予 權 力 管 理 本 集 團 日 常 可 持 續 發 展 及 企業文化相關事宜的運作，並有權將此種權力轉授予其不 時確立的管理層成員及／或附屬委員會，以統籌及推行與 可持續發展業務及其他可持續發展相關工作，包括企業文 化。 2.2 本 委 員 會 ...

中銀香港（控股）有限公司 建立本集團的風險偏好和風險管理戰略，確定本集團的風險組 合狀況； 識別、評估、管理本集團不同業務單位面臨的重大風險； 審查和評估本集團風險管理政策、程序、制度和內部控制的充 分性；及 審查及監控本集團對風險管理政策、程序、制度及內部控制的 遵守情況，包括本集團在開展業務時是否符合審慎、合法及合 規的要求。 1.2 本委員會承擔監察本集團風險的功能。從這個意義上說，本委員會 的基本職責是： 審查、批准和監控高層次的風險政策； 對重大的或高風險的風險承擔或交易行使審批權； 審查本行嚴重超越風險限額的情況； 設定本公司及本銀行風險總監的角色和職責，並負責評估其在 管理本公司及本銀行所有風險承擔的有效性和獨立性 從風險管理角度評估本公司薪酬激勵機制；及 本公司及本銀行的風險管理職能部門應與業務發展部門相互合作， 協助總裁和風險總監管理本集團風險，支持所有與風險有關的工作。 2. 角色與職責 2.1 風險識別與風險監控 2.1.1 本委員會對信貸風險、市場風險、操作風險、科技風險、利率風險、 流動資金風險、法律風險、合規風險、策略風險和信譽風險，以及 有機會出現的任何其他重大風險負有監控職責。 ...