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惠譽博華:內地利率下行推升壽險公司利差損風險
惠譽博華表示,市場利率下行推動壽險公司保證收益產品熱賣,但利差損風險加劇。監管機構已多次下調評估利率並在近日對萬能結算利率加強限制,根據監管機構最新窗口指導要求,壽險公司的萬能結算利率在2024年1月需壓降至4%以下,並在6月進一步壓降至3.8%以下,部分規模較大及風險處置機構則要求壓降至3.5%以下。
惠譽博華認為,當前中國經濟仍面臨有效需求不足、部分行業產能過剩、社會預期偏弱等困難和挑戰,2024年LPR有繼續下調空間,市場利率將延續下行趨勢並有可能長期維持較低水平。
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