Bank of China Hong Kong's pre-provision profit dropped 5% to HK$6.7b

Profit data were still concealed.

According to a Barclays, BOCHK released a short trading statement on 3Q13 business performance, showing a mild -2.3% q/q contraction in revenue, as slower market activity affected fee income growth (brokerage, wealth management and fund sales) while trading gains declined. 

Underlying operating trends remain solid with mild margin expansion and volume growth q/q.

Here's more from Barclays:

3Q pre-provision profit of HK$6.7bn declined by 5% q/q and 9M13 pre-provision profit of HK$20.8bn represents 74.5% of our full-year estimate for 2013. No net profit figures were disclosed.

Fee and commission income declined q/q, which we believe was due to slower market activity affecting brokerage, wealth management and funds distribution fees. Average daily turnover in Hong Kong was 11% lower q/q in 3Q. Trading gains also declined q/q affected by mark-to-market changes on bond portfolio.