Lates News

The research report from CITIC Securities pointed out that the proactive and supportive monetary policy of "one line, one bureau, one meeting" is expected to boost the performance of macroeconomic operation. Although the interest rate cut affects the asset yields and interest spreads of banks, the rate cut is smaller than expected, indicating regulatory considerations for banks' interest spreads. It is also expected to guide the downward movement of bank deposit rates and effectively offset the impact. Support policies for key sectors such as real estate, small and micro businesses, and foreign trade are expected to stabilize banks' related asset risk expectations. Overall, the new policies have a neutral to slightly positive impact on banks' operating expectations.