Lates News

JPMorgan Chase has published a research report pointing out that the government's announcement of providing interest subsidies for personal consumption loans and capital spending loans for eight types of business entities is believed to help stimulate demand for related loans, but is expected to have a limited impact on bank finances. According to the bank's calculations, if consumer and eligible service industry loans grow by 10 percentage points, it will only bring about a 0.4% positive impact on full-year revenue in 2025. JPMorgan also pointed out that the policy signal remains positive and favorable for improving market sentiment. Among the rated bank stocks, JPMorgan expects Ping An Bank to benefit the most if it can control related loan credit risks, while also believing that China Merchants Bank, Postal Savings Bank of China, and Bank of China will benefit more due to the recommended strong risk management capabilities of China Merchants Bank.