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<Research>JPM Estimates 80 bps Cut in Outstanding Mortgage Rates Will Result in 9% Drop in CN Banks 2025 Earnings
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It was reported that Chinese financial regulators had proposed to cut rates for outstanding mortgages by a total of 80 bps, which, if true, would be worse than JPMorgan's earlier prediction, JPMorgan issued a research report saying. JPMorgan estimated that the 80 bps cut would result in a 9% decline in Chinese banks' earnings in 2025. Among banks in JPMorgan's coverage, SOE banks are more exposed to mortgages, while joint stock banks such as PING AN BANK(000001.SZ), CM BANK (03968.HK) and HUAXIA BANK(600015.SH) are expected to see a lower earnings impact than their peers. AAStocks Financial News |
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