China Galaxy Securities: Banks' Positive Fundamentals Gather Momentum, Anticipating a Performance Turning Point
2 week ago / Read about 0 minute
Author:小编   

Monetary policy remains moderately accommodative, with further scope for reserve requirement ratio (RRR) reductions and interest rate cuts. Asymmetric adjustments to deposit and loan interest rates have been enacted, aiming to stabilize banks' net interest margins. Currently, banks' positive fundamentals are steadily accumulating, pointing towards an impending performance turning point. Furthermore, the growth of medium- and long-term funds is fueling the recovery of underallocated public funds. The expansion of Exchange-Traded Funds (ETFs) is also benefitting heavily weighted stocks, introducing incremental capital into the banking sector and aiding in the revaluation of bank stocks.