四季度买银行股?大摩:首次无大规模刺激的“自然周期性触底” 中国银行业进入新时代

智通财经
Oct 21, 2025

大摩认为国内银行股在经历三季度季节性调整后,四季度和明年一季度将迎来良好投资机会。追风交易台消息,10月20日,摩根士丹利亚太分析师团队发表研报,指出国内银行股即将在三季度完成周期触底。这是中国金融体系首次在没有大规模刺激政策下实现的"自然周期性触底"——M1增速反弹、工业企业利润改善均在无重大刺激下完成。研报分析,第四季度即将到来的股息派发、利率企稳、5000亿元人民币结构性金融政策工具支撑,...

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