Central Plains Mortgage: November conversion to registration reduced by 13% month-on-month, Bank of China Hong Kong accounted for 5 consecutive championships in a single month

Zhitong Finance App learned that Wang Meifeng, managing director of Zhongyuan Mortgage, said that according to data from the Central Plains Mortgage Research Department and Land Registry, a total of 541 bank transfer registrations were recorded in November 2025, a decrease of 13.3% over the month of 624 cases in October. Although figures show that most months of the year remained at the level of 500-600 cases, a recovery from the extremely low level at the end of last year, if compared to the previous average of more than 1,000 cases per month during the normal active period of the market, the current registration volume is actually low and rampant, reflecting that the overall shift to the market is still weak. In terms of bank mortgage market share, BOCHK (02388) has been at the top of the list for 5 consecutive months in terms of market share ratio, and is temporarily leading the 11-month market share this year.

Based on this year's performance, the cumulative number of registrations in the first 11 months of 2025 was 6351, down 17.1% from 7659 in the same period in 2024.

Wang Meifeng further analyzed that there is a structural reason for the continued lack of focus on the market. Banks raised new construction and planned interest rates in 2023. As a result, most owners who undertook mortgages in the early years still had interest rates lower than current market mortgages, and there is no incentive for them to convert to a mortgage.

According to data from the Central Plains Mortgage Research Department, a total of 541 bank transfer registrations were recorded in November 2025, a month-on-month decrease of 13.3%. Among them, BOCHK recorded 150 registrations, the same number of registrations in October. The market share was 27.7%, up 3.7 percentage points month-on-month, and continued to lead the market for 5 months. As for HSBC, which recorded 107 registrations, the month-on-month drop was 10.1%, ranking second, with a market share of about 19.8%, up 0.7 percentage points month-on-month. Meanwhile, the Bank of East Asia (00023) rose 3 places in a row, ranking third with 46 registrations (8.5% market share). Hang Seng Bank (00011) continued to rank fourth, but its market share fell 1.5 percentage points month-on-month, and its market share fell slightly to 8.3% (45 cases) in November. Standard Chartered Bank dropped 2 places in a row. The number of cases (43 cases) and market share (7.9%) fell by 42.7% and 4.1 percentage points respectively, ranking fifth. ICBC Asia, Shanghai Commercial Bank, CNBC International, Dah Sing Bank (02356) and OCBC Bank Hong Kong ranked 6th to 10th respectively.

According to data from the Central Plains Mortgage Research Department, a total of 6351 remortgage cases were registered in the first 11 months of 2025, a decrease of 17.1% over the same period in 2024. In terms of individual banks, BOCHK recorded 1,576 registrations in the first 11 months, with a market share of 24.8%, temporarily leading the market. As for HSBC, which recorded 1199 registrations, the market share was around 18.9%, ranking second. On the other hand, Hang Seng Bank's market share was around 9.9% (629 cases), and the ranking rose two levels to third place. ICBC's market share in Asia was 8.3% (530 cases), falling one level to fourth place in the ranking.

In terms of other banks, Standard Chartered Bank's market share rose to 8% (511 cases), with a 1.7-fold year-on-year increase in the ranking; Bank of East Asia fell 36.9% from the same period in 2024, and its market share fell from 7.9% to 6%, ranking sixth; Shanghai Commercial Bank's market share rose to 3.6% (229 cases), and the ranking soared from level 16 to 7th. The number of cases rose sharply by nearly 6 times year on year; Daxing Bank rose slightly to the 9th place with 147 registrations and 2.3% market share compared to the same period in 2024. Citibank's market share is 2.3% (146 cases). Not only did it drop to the top 10 places in this month's (November 2025) rankings, but it also dropped 2 levels to 10th place in the first 11 months.