HK Stock Market Move | Bank of Chongqing (01963) surged more than 7% in early trading, with revenue and net profit both rising over 10% in the first three quarters. It plans to distribute a cash dividend of approximately 585 million yuan.

Bank Of Chongqing (01963) rose more than 7% in early trading, and as of the time of publication, it was up 5.9% to 8.14 Hong Kong dollars, with a turnover of 1931.54 million Hong Kong dollars. On the news front, Bank Of Chongqing announced its report for the first three quarters of this year ending in September, showing operating income of 11.74 billion yuan, a net profit of 5.196 billion yuan, and year-on-year growth rates of 10.40% and 10.42% respectively. It is worth noting that the bank's net interest income was 9.13 billion yuan, a significant increase of 15.2% year-on-year. It plans to distribute a cash dividend of 1.684 yuan (tax included) to all ordinary shareholders for every 10 shares held, with a total cash dividend of approximately 5.85 billion yuan (tax included), accounting for 11.99% of the net profit attributable to ordinary shareholders of the bank for the same period.