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After 28 days of explosive growth, the banking industry's "DeepSeek moment" raises three questions: Will CSI Information Security Index be the biggest obstacle?
① The biggest obstacle to the large-scale application of DeepSeek is still the CSI Information Security Index issue. Currently, Banks are generally "waiting" and observing the attitude of financial regulatory bodies towards DeepSeek. ② From a cost perspective, DeepSeek will indeed be more Bullish for small and medium-sized Banks in the early stages. However, when considering customer numbers, asset scale, and data quality, large Banks undoubtedly have more advantages.
CITIC SEC: The next phase of absolute returns in the Banks sector is still worth期待. Two main lines are recommended.
CITIC SEC's Research Reports state that the performance summaries released for 2024 show that the overall operation of the listed Banks is stable.
Bank Of China (03988.HK): 66.7% stake in China Securities Finance Corporation is planned to be transferred to the Huijin Company.
Gelonghui, February 14th: Bank Of China (03988.HK) announced that on February 14, 2025, it received a notification from Central Huijin Investment Ltd. (hereinafter referred to as "Huijin") that 66.7% of the shares of China Securities Finance Corporation are to be transferred to Huijin.
Market Chatter: New World Picks Three Banks to Refinance Over HK$58 Billion Debt
【Brokerage Focus】CITIC SEC expects fluctuations in the capital market in February, with the annual credit expansion pace possibly showing a "low at both ends and high in the middle".
Jinwu Finance | CITIC SEC stated that looking at the forward financial data, due to factors at the beginning of the year combined with a high base figure, the bank expects the increase in RMB loans in January to approach 5 trillion yuan, and the growth rate of social financing is expected to maintain around 8.0%. The favorable start to lending at the beginning of the year and the government's proactive fiscal measures, along with the multidimensional effects of precise regulation by monetary authorities, have resulted in a neutral to tight funding environment in January. Looking ahead, the sustainability of the favorable start to lending, the pace of government bond issuance, and the intensity of liquidity injections by the central bank may be core determining factors for the funding market and credit market in the next stage. The funding market in February is expected to have space for fluctuations, and the pace of credit expansion for the whole year may present.
Most bank stocks have risen, with Bank of Qingdao (03866) up 3.3%. Institutions point out that the re-evaluation of the business model is the core contradiction in bank stock investments for the first half of the year.
Golden Financial News | Most bank stocks rose, with Bank of Qingdao (03866) up 3.3%, Bank of China (03988) up 1.21%, HSBC Holdings (00005) up 1.15%, Bank of Zhengzhou (06196) up 1.02%, and Industrial And Commercial Bank Of China (01398) up 0.92%. CITIC SEC stated that unexpected factors during the Spring Festival have already been reflected in the market performance after the holiday. It is expected that starting next week, the market may reassess the potential policy, economic, and Industry changes of the next phase, considering this background, investment in bank stocks will return to a logic based on fundamental frameworks. The bank believes
