Galaxy Securities: Strong policies, steady expectations, continuing to be optimistic about the allocation value of the banking sector
The Zhitong Finance App learned that Galaxy Securities released a research report saying that interest rate cuts put pressure on asset-side earnings in the short term, but from a medium- to long-term perspective, they are beneficial to investment and consumption, promote economic growth and the steady and healthy development of the real estate market, and help improve the bank's business environment and mitigate adverse risks.
What is the reason? See bank stocks rise and fall again! Major capital inflows
By the midday close, 42 A-share bank stocks had risen across the board. With large capital purchases, Ping An Bank was still blocked on the rise and fall. Bank stocks also rose across the board in the Hong Kong stock market. Ping An of China rose nearly 8%, and China Merchants Bank rose more than 6%.
Three good news have come out! China's assets have risen across the board, and the Hong Kong and A-share financial sectors have exploded
The performance of financial assets and real estate stocks may indicate that the market is anticipating the beginning of a new cycle.
Express News | Market rumor is that assessment methods related to state-owned enterprises may be released in the near future
Changes in Hong Kong stocks | Domestic bank stocks continued to rise in early trading, institutions say interest rate cuts are favorable to bank valuations and optimistic that the industry's net interest spreads will narrow this year
The Zhitong Finance App learned that Bank of China stocks continued to rise in early trading. As of press release, China Merchants Bank (03968) rose 3.85% to HK$31; ICBC (01398) rose 3.77% to HK$4.13; Bank of Communications (03328) rose 3.39% to HK$5.18; CCB (00939) rose 3.13% to HK$4.95; Bank of China (03988) rose 2.61% to HK$3.15. According to the news, the central bank recently announced that the 1-year LPR will remain unchanged at 3.45%, and the 5-year LPR will be lowered from 4.20% to 3.95%
Express News | CITIC Construction Investment: The narrowing of net interest spreads in the banking sector in 2024 is still expected to be better than last year