里昂发表研报提及，中国监管机构鼓励向A股注入长期资本，目标每年增加公募基金A股流通股持有量10%，同时鼓励大型国有保险公司将30%新增保费投入股市。
里昂预计，每年来自保险公司流入A股的资金介乎约1,350至1,500亿元人民币。虽然该幅度可能没有市场预期那么大，但认为中央的政策方向令人鼓舞。第三阶段共同基金费用削减或会在今年推出，但该行认为负面影响在于价格，对经纪商盈利影响较小。
里昂亦预期，A股将维持升势直至3月的“两会”，并认为高收益股票将成为新资金流入的主要受益者，其中银行应该会受益。在中国银行股中，里昂的首选是工商银行(01398.HK) 及建设银行(00939.HK) 。至于中国券商股中，该行看好中国银河(06881.HK) 及广发证券(01776.HK) 。(js/w)
(港股报价延迟最少十五分钟。沽空资料截至 2025-01-23 16:25。)
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