HK Stock Market Move | HUISHANG BANK (03698) rises by over 4%, with a 6.3% increase in net profit for the whole year. It will officially enter the list of Hong Kong stock connect on Monday.

HUISHANG BANK (03698) rose by over 4%, up 4.15% to 4.27 Hong Kong dollars with a turnover of 105 million Hong Kong dollars. On the news front, on March 6, HUISHANG BANK announced a positive profit forecast. In the year 2025, HUISHANG BANK's revenue is expected to reach approximately 37.67 billion yuan, an increase of 1.2% year-on-year; net profit is expected to be approximately 16.93 billion yuan, an increase of 6.3% year-on-year; total assets will surpass 2.3 trillion yuan, an increase of approximately 15.5% year-on-year, with a non-performing loan ratio of approximately 0.98%. On March 9, HUISHANG BANK was officially included in the list of stocks eligible for trading under the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect, becoming another mainland Chinese bank listed in Hong Kong that can be traded directly by mainland investors.