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<Research>JPM Prefers CM BANK, Expects Limited Financial Impact on CN Banks from Consumer Loan Subsidy Policy
Recommend 29 Positive 22 Negative 16 |
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China's State Council has announced subsidy policies for personal consumer loans and service industry operating entity loans. JPMorgan commented in its research report that the announced interest subsidies for personal consumer loans as well as capital expenditure and working capital loans for eight types of operating entities are believed to stimulate demand for related loans, but the financial impact on banks is expected to be limited. Among the banks it has rated, JPMorgan predicted that PING AN BANK (000001.SZ) would benefit the most if it could manage the credit risk of related loans. The broker also estimated CM BANK (03968.HK), PSBC (01658.HK), and BANK OF CHINA (03988.HK) to be among the beneficiaries. It specifically recommended CM BANK for its stronger risk management capabilities. AAStocks Financial News |
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