Core Insights - Southbound funds increased their holdings in Hang Seng Bank (00011.HK) by 9,300 shares on October 30, 2025, marking a net increase of 280,800 shares over the last five trading days [1] - Over the past 20 trading days, there were five days of net reductions totaling 409,600 shares [1] - As of now, southbound funds hold 11,298,900 shares of Hang Seng Bank, representing 0.59% of the company's total issued ordinary shares [1] Summary by Category Shareholding Changes - On October 30, 2025, total shares held were 11,298,900, with a change of 9,300 shares, reflecting a 0.08% increase [2] - On October 28, 2025, total shares held were 11,289,600, with a change of 170,900 shares, reflecting a 1.54% increase [2] - On October 27, 2025, total shares held were 11,118,700, with a change of -11,600 shares, reflecting a -0.10% decrease [2] - On October 24, 2025, total shares held were 11,130,300, with a change of 143,400 shares, reflecting a 1.31% increase [2] - On October 23, 2025, total shares held were 10,986,900, with a change of -31,200 shares, reflecting a -0.28% decrease [2] Company Overview - Hang Seng Bank Limited primarily engages in banking and related financial services through five segments: Wealth Management and Personal Banking, Commercial Banking, Global Banking, Global Capital Markets, and Other Businesses [2]

Core Viewpoint - Postal Savings Bank of China (PSBC) shows a mixed performance in trading and financing activities, with low financing balance and high short-selling volume as of October 27, 2023 [1] Group 1: Trading Performance - On October 27, PSBC's stock price increased by 0.33%, with a trading volume of 1.109 billion yuan [1] - The net financing buy for PSBC was -16.84 million yuan, indicating more repayments than new financing [1] - The total financing and securities lending balance for PSBC was 832 million yuan as of October 27 [1] Group 2: Financing Activities - PSBC had a financing buy of 126 million yuan on the same day, with a current financing balance of 826 million yuan, which is 0.20% of its market capitalization [1] - The financing balance is below the 10th percentile level over the past year, indicating a low level of financing activity [1] - In terms of securities lending, PSBC repaid 265,300 shares and sold 74,300 shares, with a selling amount of 446,500 yuan [1] Group 3: Company Overview - PSBC was established on March 6, 2007, and listed on December 10, 2019, providing various banking and financial services in China [2] - The bank's main business segments include personal banking (65.15% of revenue), corporate banking (22.71%), and funding operations (12.10%) [2] - As of June 30, 2025, PSBC reported a net profit of 49.228 billion yuan, a year-on-year increase of 0.85% [2] Group 4: Dividend and Shareholding - Since its A-share listing, PSBC has distributed a total of 137.796 billion yuan in dividends, with 77.395 billion yuan in the last three years [3] - As of June 30, 2025, the top ten shareholders included Hong Kong Central Clearing Limited, which increased its holdings by 60.826 million shares [3] - Other significant shareholders include various ETFs, which also increased their holdings during the same period [3]

Core Viewpoint - Southbound funds reduced their holdings in Hang Seng Bank (00011.HK) by 11,600 shares on October 27, 2025, while there were net increases on 3 out of the last 5 trading days, totaling a net increase of 168,300 shares [1][2]. Summary by Sections Southbound Fund Activity - Over the last 5 trading days, southbound funds have increased their holdings for 3 days, resulting in a cumulative net increase of 168,300 shares [1]. - In the last 20 trading days, there were reductions in holdings for 5 days, leading to a cumulative net decrease of 234,400 shares [1]. - As of now, southbound funds hold 11,118,700 shares of Hang Seng Bank, which represents 0.59% of the company's total issued ordinary shares [1]. Shareholding Changes - On October 27, 2025, the total number of shares held was 11,118,700, reflecting a decrease of 11,600 shares, or a change of -0.10% [2]. - On October 24, 2025, the total number of shares held was 11,130,300, with an increase of 143,400 shares, or a change of 1.31% [2]. - The shareholding fluctuated over the previous days, with notable changes on October 23 (decrease of 31,200 shares), October 22 (increase of 49,400 shares), and October 21 (increase of 18,300 shares) [2]. Company Overview - Hang Seng Bank Limited primarily engages in banking and related financial services through five segments: Wealth Management and Personal Banking, Commercial Banking, Global Banking, Global Capital Markets, and Other Businesses [2]. - The Wealth Management and Personal Banking segment offers personal banking, consumer loans, time deposits, mortgages, credit cards, insurance, investment, and wealth management services [2]. - The Commercial Banking segment provides corporate loans, trade and receivables financing, payment and cash management, treasury and foreign exchange, non-life insurance, and investment services [2].

Core Viewpoint - Hang Seng Bank has appointed Lin Huihong as the new CEO and Executive Director, effective October 20, 2023, following the retirement of former CEO She Yingyin [1][2] Group 1: Leadership Changes - Lin Huihong will serve as the CEO and Executive Director until the conclusion of the 2026 Annual General Meeting, with a fixed annual salary of HKD 8.5 million and performance-based bonuses [2] - She Yingyin has officially retired and will return to HSBC Holdings as the Vice Chairman for Hong Kong, providing advisory support [1][2] Group 2: Lin Huihong's Background - Lin Huihong, aged 51, has 26 years of banking experience, having joined HSBC Singapore in 1999 and held various senior positions across multiple countries [2][4] - She has served as the Chief Operating Officer for Hong Kong since 2017 and has held the position of Acting CEO since September 2021 [4] Group 3: Financial Performance - Hang Seng Bank reported a profit attributable to shareholders of HKD 6.88 billion for the first half of 2025, a decline of 31.5% year-on-year, primarily due to increased provisions for credit losses in the real estate sector [5] - The bank's non-performing loan ratio rose to 6.69%, with total impaired loans reaching HKD 55 billion, indicating accumulating credit risks [5] Group 4: Privatization Plans - HSBC's wholly-owned subsidiary, HSBC Asia Pacific, has requested Hang Seng Bank's board to propose a privatization plan, with HSBC Asia Pacific holding 63.3381% of shares prior to the transaction [5][6] - The proposed plan includes a cash offer of HKD 155 per share for the privatization, with a total valuation of HKD 290.3 billion for all issued shares [6]

Core Viewpoint - Postal Savings Bank of China (PSBC) is experiencing fluctuations in stock performance, with a recent decline of 0.84% and a market capitalization of 712.16 billion yuan [1] Financial Performance - PSBC's dividend yields over the past three years were 5.58%, 6.00%, and 4.61% respectively, indicating a strong return for investors [2] - For the first half of 2025, PSBC reported a net profit of 49.23 billion yuan, reflecting a year-on-year growth of 0.85% [7] Shareholder and Market Activity - As of June 30, 2025, the number of PSBC shareholders decreased by 10.31% to 164,100, while the average number of circulating shares per person increased by 11.66% to 415,086 shares [7] - The stock has seen a net inflow of 15.08 million yuan today, with a total industry net inflow of 261 million yuan, indicating a mixed sentiment among investors [3][4] Company Overview - PSBC, established on March 6, 2007, and listed on December 10, 2019, primarily offers banking and financial services in China, with personal banking contributing 69.57% to its revenue, corporate banking 19.70%, and funding business 10.65% [6] - The bank is controlled by China Post Group and is categorized under state-owned enterprises [2] Dividend Distribution - Since its A-share listing, PSBC has distributed a total of 137.80 billion yuan in dividends, with 77.40 billion yuan distributed over the last three years [8]