Group 1 - The China Banking Index (399986) rose by 1.27% as of May 9, 2025, with notable increases in stocks such as Chongqing Bank (601963) up 3.07% and Qingdao Bank (002948) up 2.55% [1] - The China Banking ETF (512730) also saw a rise of 1.32%, marking its third consecutive increase, with the latest price at 1.61 yuan [1] - The People's Bank of China announced a 0.5 percentage point reduction in the reserve requirement ratio and a 0.1 percentage point decrease in policy interest rates, which is expected to lower the Loan Prime Rate (LPR) by approximately 0.1 percentage points [1] Group 2 - According to Guangfa Securities, the 50 basis point reduction in the reserve requirement ratio is estimated to release liquidity of about 1,005.1 billion yuan and indirectly lower the interest-bearing liabilities cost for banks, improving the net interest margin by approximately 0.06 basis points in 2025 [2] - The impact of Open Market Operations (OMO) adjustments is expected to primarily reflect in 2025, with a projected increase in net interest margin of about 0.8 basis points for 2025 and 0.05 basis points for 2026 [2] Group 3 - There is an expectation of a new round of deposit rate reductions led by large banks, which will help lower banks' funding costs and enhance profitability, particularly in the context of declining loan rates [3] - Guangfa Securities estimates that if a new round of deposit rate reductions begins in May, with a 5 basis point cut in demand deposit rates and a 10 basis point cut in fixed-term deposit rates, the net interest margin for listed banks could improve by 4.4 basis points in 2025 and 1.1 basis points in 2026 [3] Group 4 - The China Banking ETF closely tracks the China Banking Index and serves as an analytical tool for investors, categorizing the index samples into various industry classifications [4] - As of April 30, 2025, the top ten weighted stocks in the China Banking Index accounted for 65.11% of the index, including major banks such as China Merchants Bank (600036) and Industrial and Commercial Bank of China (601398) [4]
中证银行指数飙升至近四年高位,银行板块成 A 股领涨先锋
Xin Lang Cai Jing·2025-05-09 03:17