Changes in Hong Kong stocks | Domestic bank stocks continue to decline, institutions say credit demand needs to be repaired, and the overall impact of fluctuations in the bond market on banks is manageable

The Zhitong Finance App learned that domestic bank stocks continued to decline. As of press release, Agricultural Bank (01288) fell 3.11% to HK$5.3; CCB (00939) fell 2.12% to HK$7.39; China Merchants Bank (03968) fell 1.84% to HK$49.72; and ICBC (01398) fell 1.97% to HK$5.97.

Galaxy Securities released a research report saying that the November financial data showed that demand for effective credit was still fatigued, and deposit moving was slowing down. Furthermore, recent fluctuations in the bond market have aroused concern. As of December 12, the 10-year and 30-year treasury bond yields were 1.84% and 2.25% respectively, showing a volatile upward pattern since the beginning of November. Bank transactions have been affected in the short term, but their share is relatively low. Combined with the central bank's concerns about financial market stability, the overall impact is manageable.

Changjiang Securities, on the other hand, said that recently, the four major state-owned banks have completed the removal of mid-term dividends. Historically, stock prices may usually be adjusted after the net date. Similar short-term fluctuations occurred during early to mid-term dividends in 2025. This year, the net mid-term dividend removal date of the four major state-owned banks was brought forward to December. It is expected that in the future, large banks such as Bank of Communications, Postbank, China Merchants Bank, and Industrial Bank will also implement mid-term dividend removal one after another at the end of the year, the beginning of the year, and before the Spring Festival. From a long-term perspective, if trading factors such as net removal cause stock price adjustments, it is usually a good time to allocate long-term capital.