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大摩:理財通對銀行短期影響有限,恆生銀行等受惠較大

摩根士丹利發表研究報吿指,跨境理財通實施細則在上週五公佈,首次銷售可能會在一個月內進行,從長遠來看對銀行來説應該是正面的,不過短期影響可能有限。

該行指,跨境理財通北向和南向渠道各有1500億元人民幣的初始額度,總資產管理規模為465億美元(約3627億港元)。鑑於資產管理規模,對香港本地銀行業初步影響可能非常有限,因為加起來佔香港銀行總收入的0.5%至1.5%,對本地銀行如恆生銀行(0011.HK)、中銀香港(2388.HK)和東亞銀行(0023.HK)的影響大於渣打銀行(2888.HK)。長遠而言,財富管理業務對所有銀行有利,將可成為正面的增長動力。

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