5 Must-Read News | Bank of China reduces dividends, Bank of China Hong Kong increases dividends by 7%

1.3988 earnings performance丨Bank of China made 2% more last year; dividend falls to 11.69 sen per share

Bank of China (03988) made 2% more last year, with a final dividend of RMB 0.1169 per share, down 3.8%; full-year dividends also declined.

2.2388 earnings performance丨BOC Hong Kong made 5% more last year; full-year dividend increases

BOC Hong Kong (02388) saw profit rise 5% last year, with full-year dividends increasing; net provisions for impairment losses on loans and other accounts during the period rose by nearly 67%.

3. Hong Kong stock IPO丨iQIYI submits HK listing application via confidential submission method

iQIYI (iQIYI) announced that it has submitted a listing application to the Hong Kong Exchanges and Clearing Limited via a confidential submission method.

4. Big bank report丨Standard Chartered: If oil prices haven’t topped out, the Hang Seng Index could fall below 21,500 points

Standard Chartered believes that if oil prices have not topped out, and more data shows that the Federal Reserve will not resume rate cuts in the second half of the year, Hong Kong stocks could fall to between 21,500 and 22,500 points.

5. Officialdom property queen丨Xie Xiaohua: The government has a sound and transparent interests reporting mechanism

Appointed as the new Secretary for Constitutional and Mainland Affairs, Xie Xiaohua previously reported holding 18 properties during her tenure in government, and also owned nine parking spaces, earning the nickname “officialdom property queen.”