The effect of positive factors on Chinese banks ' high bank stocks
Source: Internet
Author: User
KeywordsBank CCB Hong Kong dollar Citi
Chinese banking stocks were all high this morning. CCB (00939-HK), ICBC (01398-HK), Bank of China (03988-HK) and Merchants Bank (03968-HK) rose more than 2% simultaneously, and Bank of Communications (03328-HK) and Citic Bank (00998-HK) also rose more than 1%. Citigroup issued a report that the positive factors in Chinese banking stocks have increased, such as strong lending growth, policy advantages. And the net interest rate is basically bottoming out in April, and most banks are expected to rebound because of improved loan portfolios, lower deposit rates for fixed deposits, and an active share market (which will lead to a rise in short-term interbank/repo rates), which may have been expected to be 2010 years. In terms of stocks, the industry's preferred shares were CCB, ICBC and Citic Bank, with target prices rising to HK $7.3, HK $6.3 and HK $5.5 respectively.
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