Zhitong Financial APP learned that on December 21, affected by the news of the continuous implementation of stable growth policies, the A-share banking sector moved higher. As of press release, Zijin Bank (601860.SH) rose by the daily limit, while shares such as Ruifeng Bank (601528.SH), Qilu Bank (601665.SH), Green Agricultural Bank (002958.SZ) and Bank of Chongqing (601963.SH) rose.
Wanlian Securities Research report pointed out that loose monetary policy may be conducive to the stability of short-term bank asset quality: reviewing historical data, loose monetary policy may be conducive to the stability of short-term bank asset quality. And short-term fluctuations in the economy will not cause significant fluctuations in the bad rate of the banking industry. Looking forward to 2022, in the short term, the sector will be affected by debt risk pressure, and the improvement in valuations will be limited. Around the second quarter of 2022, it may be revised by asset quality expectations, or usher in the opportunity to improve the valuation of the sector. In the selection of individual stocks in 2022, it is recommended to pay attention to two main lines: first, due to the impact of the macroeconomic downward cycle, it is recommended to pay attention to companies with relatively weak cycles and stable growth. The second is to focus on companies whose fundamentals continue to improve and valuations are expected to rise.