招财日报2025.6.16 中国宏观经济点评/迈瑞医疗、贝克微、奥多比公司点评

招银国际
Jun 16

宏观经济中国经济-信贷疲弱需要进一步政策支持中国信贷状况继续受政府融资驱动,而私人部门信贷需求依然疲弱。5月社会融资规模增速继续回升,因国债发行速度加快。但关税冲击通过信心渠道拖累家庭购房、消费和企业资本支出,新增人民币贷款同比持续下降。中国需要推出更多政策支持以重振私人经济复苏势头。我们预计2025年下半年LPR将进一步下调10个基点,同时广义财政赤字可能温和增加。央行可能保持充裕流动性,支持...

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