HSBC keeps a buy rating and a HKD58 price target on BOC Hong Kong (02388.HK). Management announced at 1H2026 results a shareholder return plan of at least HKD10.5 bln covering fiscal 2026–28; HSBC says details for 2027–28 will need later review. The bank warns buybacks may not be executed at elevated valuations, noting BOC Hong Kong’s status as a subsidiary of a Mainland SOE bank. HSBC cites stable NII growth, a steady growth outlook, an RMB business advantage and strong wealth and insurance fra

HSBC keeps a buy rating and a HKD58 price target on BOC Hong Kong (02388.HK). Management announced at 1H2026 results a shareholder return plan of at least HKD10.5 bln covering fiscal 2026–28; HSBC says details for 2027–28 will need later review. The bank warns buybacks may not be executed at elevated valuations, noting BOC Hong Kong’s status as a subsidiary of a Mainland SOE bank. HSBC cites stable NII growth, a steady growth outlook, an RMB business advantage and strong wealth and insurance franchises as supporting factors.