Ge Long Hui A P P·2025-08-14 06:20Core Viewpoint - Morgan Stanley's research report indicates that the government's announcement to provide interest subsidies for personal consumption loans and capital expenditures for eight types of business entities is expected to stimulate loan demand, although the financial impact on banks is anticipated to be limited [1] Group 1: Policy Impact - The policy is expected to positively influence market sentiment [1] - A 10% growth in consumer and eligible service industry loans is projected to result in only a 0.4% increase in total revenue for banks in 2025 [1] Group 2: Bank Performance - Among the rated bank stocks, Ping An Bank is expected to benefit the most if it can manage related loan credit risks [1] - Other banks such as China Merchants Bank, Postal Savings Bank, and Bank of China are also expected to benefit, with a stronger recommendation for China Merchants Bank due to its risk management capabilities [1]