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中金:預計內地證券業明年淨利潤增長9% 予國泰君安、中信證券“中性”評級
格隆匯 12-24 11:31

中金髮表研究報告,預計2020年內地證券行業淨利潤按年增長9%。短期來看,內地證券行業有望複製過去兩年「開門紅」行情快速實現估值修覆。該行認為,當前外部環境更穩定,中美第一階段經貿協議文本達成一致、為市場贏得了短期的穩定窗口;資本市場改革進展有序、力度持續加大;貨幣政策寬鬆預期或弱於 19年初情形,但風險偏好提升帶來的資金迴流趨勢可期、海外資金配置A股仍在持續。

中長期而言,基於資本市場全面改革的持續推進以及券商自身業務線的轉型發展,看好在機構業務、財富管理、綜合投行及平台全業務鏈協同方面具備領先優勢的龍頭券商。

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