Understanding the Market | BOC HONG KONG rises over 4%, leading Hong Kong bank stocks, with share price hitting a new all-time high
BOC HONG KONG rose over 4%, reaching HKD 37.3, a historic high. As of the time of writing, it rose 4.06%, reported at HKD 37.2, with a trading volume of HKD 1.045 billion. On the news front, on July 9th local time, the Federal Reserve released the Minutes of the Federal Open Market Committee (FOMC) meeting held on June 17-18. The Minutes indicated that there were differences among Federal Reserve officials regarding the future direction of monetary policy, but most members assessed that this year might be suitable for interest rate cuts. In addition, Industrial Securities pointed out that Chinese bank stocks have stable dividend characteristics compared to other global banks, with the dividend payout ratio of major mainland banks remaining stable at around 30% over the past three years. BOC HONG KONG and Hang Seng Bank can maintain a level above 50%, enhancing the predictability and certainty of shareholder returns. Public information shows that BOC HONG KONG is one of the three major note-issuing banks in Hong Kong and the only RMB clearing bank, maintaining a solid position in the process of RMB internationalization. The company has established a three-region business linkage development strategy centered on Hong Kong, driven by the Greater Bay Area and Southeast Asia
According to Zhitong Finance APP, BOC Hong Kong (02388) rose over 4%, reaching a historical high of HKD 37.3. As of the time of publication, it increased by 4.06%, trading at HKD 37.2, with a market capitalization of HKD 1.045 billion.
On the news front, on July 9 local time, the Federal Reserve released the minutes of the Federal Open Market Committee (FOMC) meeting held on June 17-18 regarding interest rate decisions. The minutes indicated that there were differences among Federal Reserve officials regarding the future direction of monetary policy, but most members assessed that it may be appropriate to lower interest rates this year. Additionally, Industrial Securities pointed out that Chinese bank stocks have stable dividend characteristics compared to other global banks, with the dividend payout ratio of major mainland banks remaining stable at around 30% over the past three years. BOC Hong Kong and Hang Seng Bank can maintain a level above 50%, enhancing the predictability and certainty of shareholder returns.
Public information shows that BOC Hong Kong is one of the three major note-issuing banks in Hong Kong and the only clearing bank for RMB business, maintaining a solid position in the process of RMB internationalization. The company has established a three-region business linkage development strategy centered on Hong Kong, driven by the Greater Bay Area and Southeast Asia
