花旗:中資銀行首選郵儲銀行、平安銀行和興業銀行
花旗發表研究報告預期,包括國有六大行在內的8-13間中資銀行將入選國內系統重要性銀行,考慮到更嚴格的資本充足率及槓桿率等要求,將面臨放緩貸款增速和下調分紅等壓力。
花旗料監管機構會給這些銀行一定的寬限期,以滿足額外的資本要求,當中包括六大行和招商銀行(3968.HK)、興業銀行(601166.SH)、浦發銀行(600000.SH)、中信銀行(0998.HK)等股份銀行。該行表示,這些機構可能面臨更嚴格的槓桿率、風險敞口、公司治理及資產回收處置信息披露等要求。該行預期,系統重要性銀行會因資本金壓力而存在更強動力來推動盈利增長。
花旗認為,郵儲銀行(1658.HK)、平安銀行(000001.SZ)和興業銀行是首選,相信有關銀行於今年和明年實現優於同業的利潤增速,且風險回報比具有吸引力。
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