HK Stock Market Move | BOC Hong Kong (02388) rose more than 5% after the performance announcement. Shareholders' attributable surplus increased by 4.9% year-on-year. The annual dividend increased by 6.8% compared to the previous year.

BOC HONG KONG (02388) rose more than 5% after the performance announcement, reaching a 3.65% increase to 42.02 Hong Kong dollars per share, with a turnover of 3.12 billion Hong Kong dollars. On the news front, BOC HONG KONG released its annual performance report, with a net profit attributable to shareholders of 40.121 billion Hong Kong dollars, a year-on-year increase of 4.9%. The group declared a final dividend of 1.255 Hong Kong dollars, along with three interim dividends, a total of 2.125 Hong Kong dollars for the year, a 6.8% increase compared to the previous year. The dividend payout ratio is 56%, up by 1 percentage point. Western previously pointed out that BOC HONG KONG has three advantages of the group platform, brand, and cross-border business, with excellent performance and leading ROE in the industry. It is a major Chinese bank in Hong Kong with both performance resilience and growth potential. The company is actively implementing dynamic asset-liability management, and net interest margin is expected to remain stable. Additionally, a prudent asset deployment strategy ensures asset quality, expanding into the ASEAN market to create a second growth pole. BOC HONG KONG's future performance is expected to continue to grow steadily.