《大行》匯豐:內地A股上市加速 港交所(00388.HK)可能面臨更大競爭
匯豐環球研究指,陸家嘴金融論壇並未提出直接刺激金融政策,新政策信號表明中銀香港(02388.HK)在人民幣國際化方面將獲得更多機會,內地大型銀行及保險公司在養老金領域將獲得更多機會。另外,如A股上市審批加速,港交所(00388.HK)可能面臨更大競爭,但作為連接內地機遇與全球市場的長期投資主題,以及其交易量增速的結構性潛力保持不變。
報告指,中證監計劃接受未盈利公司在科創板和創業板上市。國務院本月稍早亦宣布試點計劃,鼓勵在港交所上市的大灣區企業考慮在深交所上市。港交所一直受惠去年下半年以來A股上市放緩,現在上市競爭環境或復常。
報告亦指,人行行長潘功勝展望全球貨幣秩序走向多極化,暗示人民幣國際化進入新時代。中銀香港為境外最大人民幣清算銀行,預計在未來發展中將具高度相關性。此外,國家金融監督管理總局估計到2035年,銀髮經濟規模或達30萬億元人民幣,並承認養老金三大支柱發展不平衡。內地大型銀行和保險公司與此類發展高度相關。
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