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)
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