Zhi Tong Cai Jing·2026-02-26 11:39Core Insights - The overall mortgage refinancing registration volume in Hong Kong showed a slight recovery from the low levels at the end of last year, but remains in a low-level horizontal state [1] Group 1: Market Performance - In January 2026, the number of bank mortgage refinancing registrations recorded was 547, representing a month-on-month decrease of 7.3% and a year-on-year increase of 1.3% [1] - The mortgage refinancing market continues to be weak due to banks raising interest rates for new and refinancing mortgage plans in 2023, which has resulted in existing homeowners having lower interest rates compared to current market rates [1] Group 2: Property Market Conditions - Although Hong Kong property prices have stabilized and started to rise since 2025, they remain over 20% below their peak levels, leading to weak incentives for refinancing [1] Group 3: Market Share - The ranking of the top five banks in the mortgage refinancing market remains unchanged, with Bank of China (Hong Kong) leading with a market share of 22.3% in January 2026, maintaining its position for seven consecutive months [1]