Prices, for example, are roughly half the peak levels of about a year ago but the outlook suggests they are still some way off the bottom. Decelerating economic growth in China will feed through to slower loan growth and deteriorating asset quality. Last month's cut in interest rates affected only lending rates, thus eroding net interest margins. Even when both rates are cut, as in the most recent move, that hits government bond yields and hence the banks' treasury returns. As pertinently, Chinese savers are shifting more money into higher-yielding term deposits, again increasing funding costs.
尽管股价只有大约一年前峰值水平的一半，但人们认为它们距触底仍有一定距离。manbetx3.0 manbetx20客户端下载 增长减速将带来贷款增速放缓和资产质量恶化。上个月的降息仅影响到贷款利率，因而导致净息差减少。即使像最近一次那样，存贷款利率均被下调，也会影响政府债券收益率，进而影响银行的资金收益。相应地，manbetx3.0 储户将更多资金转向收益率更高的定期存款，再次增加了融资成本。