•报告摘要•展望一:低利率环境下,银行表内资产结构中贷款增速与债券投资增速“背离态势”会更加明显。伴随着政府债供给力度持续加大,2026年银行资产扩张“财政化”有望加速推进,信贷增速预计进一步下滑至6%。央行会通过进一步丰富MPA考核指标,以及激励银行推进FTP减点/资本收费豁免等优惠举措,引导信贷投放将更加聚焦“五篇大文章”,尤其是绿色和科创领域。展望二:我国银行体系竞争格局已经出现明显“逆转”...
Source Link•报告摘要•展望一:低利率环境下,银行表内资产结构中贷款增速与债券投资增速“背离态势”会更加明显。伴随着政府债供给力度持续加大,2026年银行资产扩张“财政化”有望加速推进,信贷增速预计进一步下滑至6%。央行会通过进一步丰富MPA考核指标,以及激励银行推进FTP减点/资本收费豁免等优惠举措,引导信贷投放将更加聚焦“五篇大文章”,尤其是绿色和科创领域。展望二:我国银行体系竞争格局已经出现明显“逆转”...
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