HK Stock Market Move | BOC HONG KONG (02388) rose more than 3%, breaking through its previous high. The net profit for the first half of the year increased by 7.13% year-on-year. The new three-year shareholder return plan has been implemented.

BOC HONG KONG (02388) rose over 3%, reaching a new high of HKD 52.7. As of the time of writing, it is up 2.94%, trading at HKD 52.45, with a turnover of HKD 663 million. On the news front, BOC HONG KONG released its mid-year results for 2026, reporting net operating income of HKD 37.431 billion, an increase of 1.66% year-on-year; the net profit attributable to shareholders was HKD 23.739 billion, up 7.13% year-on-year. The board has approved a three-year shareholder return plan for 2026-2028, intending to increase shareholder returns by no less than HKD 10.5 billion over the three years. For the fiscal year 2026, a special dividend of HKD 0.2388 per share is planned, in addition to an interim dividend of HKD 0.58 per share, resulting in a total dividend distribution of HKD 0.8188 per share for the first half of the year, totaling HKD 8.657 billion in dividends. Guosen indicated that, based on attribution analysis, the growth in net profit is mainly attributed to scale expansion and an improvement in net interest margin, while fees and other non-interest income have hindered profit growth. China Securities Co., Ltd. believes that, in the long term, benefiting from the improving economic situation in Hong Kong, and as a bridgehead for Chinese companies going global, a leader in the internationalization of the RMB, and a trend for mainland residents to allocate wealth globally, BOC HONG KONG has promising prospects ahead.