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

1.3988 Results | Bank of China earned 2% more last year, with dividend income down to 11.69 cents

Bank of China (03988) earned 2% more last year. The company declared a final dividend of RMB 0.1169 per share, down 3.8%; full-year dividends were also lower.

2.2388 Results | BOC Hong Kong earned 5% more last year, full-year dividend increased

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

3. Hong Kong IPO | iQIYI submits its Hong Kong listing application using confidential submission methods

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

4. Brokerage Report | Standard Chartered: If oil prices haven’t peaked, the Hang Seng Index could fall to below 21,500 points

Standard Chartered believes that if oil prices have not yet peaked—and more data shows the U.S. Federal Reserve will not resume rate cuts in the second half—Hong Kong stocks could fall to 21,500 to 22,500 points.

5. Officialdom Property Queen | Xie Xiaohua: The government has a sound and transparent interests declaration mechanism

Xie Xiaohua, the newly appointed Secretary for Constitutional and Mainland Affairs, previously reported holding 18 properties while serving in government, and also owned 9 parking spaces, earning the nickname “officialdom property queen.”