中邮·银行|部分信贷或后置至次年

中邮证券研究所
Jan 09

投资要点(1)12月新增信贷同比少增约2700亿元:预计12月新增人民币贷款(信贷口径)约7200亿元左右,同比少增约2700亿元。新增实体人民币贷款(社融口径)约6500亿元。四季度以来的信贷需求持续偏弱情况仍延续,部分信贷投放计划或后置至次年信贷开门红。(2)新增信贷整体修复:12月企业经营状况指数小幅调整,预计大型企业融资需求改善。预计对公中长期贷款投放继续维持修复态势、对公短贷延续季节性正...

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