On September 1, PSBC rose 3.02% in regular trading, trading at HKD 5.46/share with turnover of HKD 375 million, extending the post-earnings rally that began after its interim results release.

On the news front, PSBC reported robust first-half results: revenue reached RMB 192.48 billion, up 7.26% year-over-year, while net profit attributable to shareholders came in at RMB 51.50 billion, up 4.62%. Notably, Q2 standalone net profit growth accelerated to 7.48%, showing clear sequential improvement. Non-interest income surged 12.25%, with fee and commission income rising 12.20%, leading all six major state-owned banks.

The bank also announced an interim cash dividend of approximately RMB 15.97 billion, raising the payout ratio to 31%, up one percentage point from prior years. This move aligns with an industry-wide trend, as all six major Chinese banks collectively lifted their payout ratios to 31% for the first time. Citi noted this as a positive surprise, projecting that large Chinese banks will gradually raise payout ratios toward approximately 40%, in line with global banking peers, supporting a potential valuation re-rating for H-share bank stocks.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)