Capital injections from the central government will enhance Chinese megabanks' ability to anchor national strategies and boost their loss-absorption buffers, S&P Global Ratings said in a Thursday release.
The planned 500 billion yuan in special government bond issuance for 2025 will increase the megabanks' ability to finance loan growth, especially in areas such as inclusive finance, advanced manufacturing, and green energy, S&P credit analyst Xi Cheng said.
The additional capital will ease the megabanks' internal capital generation constraints and allow them to grow while retaining adequate buffers amid China's interest rate reductions and profitability pressures, Cheng said.
S&P also deems the megabanks' financial health as crucial for the system's stability due to their market share and policy importance.
The megabanks include Bank of Communications (HKG:3328, SHA:601328), Industrial and Commercial Bank of China (HKG:1398, SHA:601398), China Construction Bank (HKG:0939, SHA:601939), Bank of China (HKG:3988, SHA:601988), Agricultural Bank of China (HKG:1288, SHA:601288), and Postal Savings Bank of China (HKG:1658, SHA:601658).
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。