CITIC Lyon issued a research report that the three-day central economic work conference shows that it will more support the position of stabilizing economic growth, and it is expected that China’s policy-making will be more relaxed. Looking forward to next year, compared with financial technology and insurance stocks, CITIC Lyon is more optimistic about securities companies and bank stocks, and regards the upsurge of wealth management as the key theme of stock selection of Chinese financial companies.
The bank pointed out that as the fintech rectification will be basically completed by the end of next year, major fintech companies may record a business recovery, which is slow but still good. We are optimistic about securities companies and banks because stronger liquidity will benefit securities companies, and a stable macroeconomic environment will support the trend of bank asset quality and profit. Preferred are the postal savings bank of China, China Merchants Bank Co.Ltd(600036) , Gf Securities Co.Ltd(000776) and the Hong Kong Stock Exchange (0388. HK).
(gelonghui)
