中国银河:多维增量资金加速银行估值重塑

金吾资讯
Oct 17

中国银河证券发研报指,9月新增社融3.53万亿元,同比少增2298亿元;截至9月末,社融存量同比+8.68%,增速环比-0.13pct。政府债对社融增长的拉动作用继续减弱。人民币信贷延续少增,主要由于企业融资需求不足;居民中长贷有边际改善。M1增速进一步改善,资金活化程度继续提升。政府债对社融支撑减弱,信贷需求仍待修复。关注后续消费经营贷贴息、新型政策性金融工具政策成效。资金活化程度继续提高。银行...

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