Re: Financial Industry 06 (Jun 16 - Dec 18)
Posted: Mon Jun 25, 2018 3:51 pm<Research Report>Nomura Reiterates ICBC, CCB Top Picks for CN Banks
Nomura said liquidity environment in Mainland China is more relaxed now compared to a year ago, while PBOC injects liquidity leveraging MLFs and RRR cuts appropriately.
Under intensified deposit competition, current loan growth mainly comes from retail banks which helps liberalization of interest rates.
NPL ratio of Chinese banks ticked up to 1.9% in May.
Nomura said the rebound was earlier than expected but did not come as surprise.
The research house did not rule out Chinese banks to expedite the processing of non-performing assets.
ICBC (01398.HK) and CCB (00939.HK) were reiterated at Buy and named as top picks for Chinese banks.
Source: AAStocks Financial News
Nomura said liquidity environment in Mainland China is more relaxed now compared to a year ago, while PBOC injects liquidity leveraging MLFs and RRR cuts appropriately.
Under intensified deposit competition, current loan growth mainly comes from retail banks which helps liberalization of interest rates.
NPL ratio of Chinese banks ticked up to 1.9% in May.
Nomura said the rebound was earlier than expected but did not come as surprise.
The research house did not rule out Chinese banks to expedite the processing of non-performing assets.
ICBC (01398.HK) and CCB (00939.HK) were reiterated at Buy and named as top picks for Chinese banks.
Source: AAStocks Financial News