On August 31, BANK OF CHINA rose 3.05% in regular trading, trading at HK$5.84/share, with turnover of HK$780 million. The rally was driven by the company's solid interim results released on August 28.

The bank reported H1 revenue of RMB 356.9 billion, up 8.48% year-over-year, with net profit attributable to shareholders reaching RMB 123.6 billion, a 5.10% increase. Net interest income grew 10.20% to RMB 236.7 billion, while net interest margin edged up 1 basis point to 1.27%, stabilizing amid a declining rate environment through proactive deposit cost management that drove funding costs down 35 basis points. The board proposed an interim cash dividend of RMB 1.190 per 10 shares, lifting the payout ratio to 31%, an 8.8% year-over-year increase. Total assets reached RMB 40.19 trillion, up 4.77% from year-end. The broader Diversified Banks sector rallied in tandem, with PSBC up 5.15%, BOC HONG KONG up 2.26%, and CCB up 2.24%.

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