Morgan Stanley: The yield on mainland financial assets will gradually rebound, with a positive outlook for the four major banks and CITIC Bank (00998).

The bank further noted that new loan pricing stabilized in the first quarter, with a quarter-on-quarter rebound in net interest margins for most of the covered banks. Additionally, the decline in industrial credit risk was faster than expected, all of which are positive signs.

Zhitong Finance09:33

Morgan Stanley: The yield on mainland financial assets will gradually rebound, with a positive outlook for the four major banks and China CITIC Bank (00998.HK).

Morgan Stanley issued a research report stating that although the yield on Chinese government bonds has recently declined, financial asset yields are expected to gradually rebound as pressure from the Producer Price Index (PPI) eases and the financial sector refocuses on risk-based loan pricing. Nevertheless, short-term volatility may still occur. The bank believes that a gradual stabilization in China’s real estate market will be another key catalyst for improving financial asset yields over the next two years, helping to support further revenue and profit growth in the domestic financial sector while driving sector revaluation. Meetings between Morgan Stanley and Chinese banks indicate that the latter view current government bond yields as being at favorable levels, warranting consideration of profit-taking, primarily due to banks’ focus on...

AASTOCKSMay 11 16:22

Citic Bank, Bank of China and ICBC Among Banks Advising Geely of Debt Issuance

Dow JonesMay 11 06:16

Listed banks' Q1 retail AUM surpassed 25 trillion yuan at its peak, with wealth management fee income increasing by over 50% at the highest. Third-party distribution played a key role.

①The retail AUM of eight banks that have disclosed their AUM all achieved positive quarter-on-quarter growth in the first quarter, with Agricultural Bank's AUM surpassing 25 trillion yuan. The number of private banking clients expanded rapidly, and for the first time, a joint-stock bank had over 200,000 private banking clients. ②Wealth management fee income showed overall recovery; state-owned large banks maintained leading fee income volumes, while joint-stock banks experienced differentiated growth rates ranging from -9% to +55%.

cls.cnMay 7 12:22

China Citic Bank's Near-Term Outlook Rosy on Cost Savings -- Market Talk

WSJMay 6 12:09

Exclusive | Some city commercial banks hope to obtain AIC licenses; local governments are highly enthusiastic but short-term challenges may be significant.

① Several local city commercial banks have actively communicated with relevant departments regarding the establishment of AICs, but no substantial progress has been made. ② Local governments are highly enthusiastic about their subordinate banking institutions establishing AICs; however, after communicating with relevant departments, it is understood that the expansion of AICs will temporarily be limited to state-owned banks and joint-stock banks. ③ Against the backdrop of continued pressure on bank net interest margins, AICs are widely regarded as a 'new avenue' for boosting bank profitability.

cls.cnMay 6 10:58