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Deutsche Bank: The pricing of loans in the banking industry in China is becoming more rational, so there is no need to overly worry about net interest margin pressure.
Morgan Stanley pointed out that although the LPR reduction may put pressure on the interest income of the banking industry in China, at the same time, the interest cost paid by banks to depositors is also decreasing, which helps to alleviate the pressure on net interest margin. Morgan Stanley expects that the banking industry will outperform the large cap market in the next 12 months.
Is it urgent enough to reduce the interest rate on existing housing loans? In the first half of the year, the non-performing balance of personal loans in the six major state-owned banks has reached 352 billion yuan, and the non-performing rate has general
In the first half of this year, the total amount of non-performing loans of the six major state-owned banks has reached 352.091 billion yuan, exceeding the 300 billion yuan threshold for the first time. Compared with the data from early 2024 (291.371 billion yuan), it can be calculated that in the first half of the year, the six major state-owned banks added approximately 60.7 billion yuan of non-performing loans. Industry insiders believe that in the current environment, it is not advisable to excessively rely on reducing existing housing loans to play a greater role in promoting consumer spending.
At least 10 senior executives of listed banks are optimistic. Has the net interest margin really bottomed out? Fitch raised objections: LPR may be further reduced.
In the second quarter of 2024, the net interest margin of commercial banks was 1.54%, showing signs of stopping the decline for the first time. Recently, several listed banks' executives have also publicly stated that there are signs of stabilization or a slowdown in the decline of the net interest margin, injecting a strong boost into the market. Huayu Ratings recently stated, "It is too early to determine whether the net interest margin has bottomed out. The government may further lower the LPR to reduce loan costs.
Is the 80 basis point spread opening the window for reducing existing mortgage rates? How to relieve bank pressure? Experts suggest: adjust in stages to mitigate the impact, and cut deposit rates to hedge the impact.
①In July, the new personal housing loan interest rate is 3.4%, with an interest rate spread of about 80 basis points between existing house loan rates and new ones, and there is a growing call for residents to adjust existing house loan rates. ②Experts suggest adjusting existing mortgage rates gradually in stages to reduce the impact on banks, while controlling bank liability costs through lowering deposit rates and other means to mitigate interest rate spread pressure.
Many major bank apps have launched the "Existing Home Loan Interest Rate Adjustment" function? In fact, it was introduced last year, and on the eve of the traditional busy season for property sales, the 37.8 trillion silver stock housing loans have once a
①The application port for the adjustment of the existing house loan interest rate was set for the unified adjustment of the existing house loan interest rate last year, not the latest launch. ②Refer to the reduction of existing house loan interest rates in August-September last year, and there is also a possibility of reducing existing house loan interest rates in the future. ③Based on the scale of existing house loans in the second quarter of 2024, which reaches 37.8 trillion yuan, the maximum amount of house loan interest that the residential sector needs to repay each year may be reduced by about 300 billion yuan.
Global X Hang Seng High Dividend Yield ETF: Distribution Announcement (Listed Class of Units only)
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