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<Research>JPM Still Upbeat About CN Banks for Solid Corporate Credit Performance & Ample Liquidity
Recommend 31 Positive 53 Negative 23 |
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China's credit data last month was weak, with new TSF reaching RMB5.23 trillion, below JPMorgan's forecast of RMB5.66 trillion and the market expectation of RMB5.55 trillion, the broker wrote in its research report. New RMB loans in March amounted to RMB2.99 trillion, also significantly below JPMorgan's forecast of RMB3.48 trillion and the market consensus of RMB3.47 trillion, mainly due to continued weakness in retail loans, while corporate loan growth remained resilient. Although overall credit growth has moderated, JPMorgan remains optimistic on Chinese bank stocks after considering their solid corporate credit performance and still-abundant liquidity. Auto-translated by AI AASTOCKS Financial News |
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