BOC HONG KONG(HK:02388) 智通财经网·2026-01-21 07:38Core Viewpoint - The mortgage refinancing market in Hong Kong is expected to decline in 2025, with a projected 6,941 registrations, representing a 14.4% decrease from 2024, marking the lowest level since records began in 2010 [1] Group 1: Market Trends - The mortgage refinancing market has been weak due to banks raising interest rates for new and refinancing plans in 2023, leading to existing mortgage holders having lower interest rates than current market rates [1] - Despite a stabilization and slight recovery in property prices since last year, they remain over 20% below their peak, resulting in weak incentives for refinancing [1] Group 2: Market Share - Bank of China Hong Kong (02388) is projected to maintain the highest market share in mortgage refinancing at 25% for 2025, marking its fourth consecutive year in this position [1] Group 3: Future Outlook - The mortgage refinancing market is expected to rebound in 2026, driven by improving property valuations and a declining interest rate environment, which will lower funding costs [2] - Factors such as increased bank incentives and easier approval processes for refinancing applications are anticipated to contribute to a rise in refinancing registrations from low levels [2]