0817 GMT - China's banking sector should see higher cost efficiency over the long run with the use of artificial intelligence, DBS analysts write in a note. Chinese bank stocks have recently underperformed the market due to sector rotation following the emergence of DeepSeek, DBS says. However, China banks are worth looking at in the medium term as economic uncertainty is expected to persist under the base-case scenario, DBS says. In the long term, lenders should could benefit from AI-driven cost savings in risk control and customer service, DBS says. Among Chinese banks, DBS's top picks are China Construction Bank and China Merchants Bank as they are likely to benefit more from fintech and AI applications. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 04, 2025 03:17 ET (08:17 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。