Consumer Staples, Financials Dec 21, 2021 08:48 AM (GMT+8) · EqualOcean
Financial Associated Press, Dec. 21 - CITIC Securities believes that the decline of one-year LPR interest rate reflects the transmission effect of reducing costs at the bank's liability end since this year. The asymmetric adjustment of LPR with different maturities will not only help reduce costs in the manufacturing industry dominated by liquid loans and Pratt & Whitney small and micro enterprises, but also benefit the policy direction of non speculation in housing and housing. For banks, considering the offset effect of reducing the cost of early liabilities, the overall impact is expected to be limited. In terms of investment in the banking sector, after the LPR adjustment boots are landed, the macro policy "steady growth" and the case "risk" of real estate enterprises are expected to become the main focus. The pessimistic expectation of economic prosperity and asset quality that suppressed the performance of the sector in the early stage is expected to gradually improve. It is suggested to pay attention to the allocation value of the sector.
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