Xu Haifeng, Deputy Chief Executive of BOC HONG KONG (02388.HK) +0.160 (+0.366%) Short selling $147.97M; Ratio 23.466% , said at the annual results conference that the steady improvement of Hong Kong's economy offset part of the increase in net provisions, though the local office and retail shop sectors are still facing high vacancy rates.BOC HONG KONG will continue to monitor market and customer dynamics, strengthen credit management mechanisms and measures, and strictly control high-risk portfolios, Xu added. The bank also adopts a pressured approach to increase provisions for individual high-risk real estate clients.Related NewsJPM: Hong Kong Banks' FY2025 Results Mixed; Prefers HSBC (00005.HK) and BOC Hong Kong (02388.HK)While upside pressure is expected to continue to mount on the non-performing loan (NPL) ratio, Xu stressed that BOC HONG KONG will adhere to a prudent strategy to maintain an NPL ratio better than the market level. Currently, the bank's overall asset quality remains stable with adequate provisions.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-08 16:25.)
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