銀行專題｜金融政策組合拳的綜合影響：銀行經(jīng)營與流動性

行業(yè)流通市值(億元)81,17310% 7.801.571.691.872.004.974.624.173.905.100.961.011.065.315.044.804.597.061.261.321.381.445.285.044.824.6233.135.755.755.815.875.805.805.745.68農(nóng)業(yè)銀行4.800.760.750.740.756.326.406.496.40增持差、營收、稅前利潤分別影響-8.3bp；-4.6pcts；-10.響-4.2bp；-2.3pcts；-5.2pc+4.4pcts。三是考慮過去多輪存款利率下調(diào)對銀行息差形成持續(xù)支撐效果，對25E銀行息差、營收、稅前利潤分別影響+2.9bp；+1.8pcts；+4.0pcts。若能及時補充資本，將對大行持續(xù)擴表、分紅和服務(wù)實體的能力提供供給端：加快去庫存，紓解房企融資壓力。一是商業(yè)銀行貸款支持有條件的企業(yè)市場化收購房企土地。三是將年底前到期的經(jīng)營性物業(yè)貸款和“金融16條”這兩項政策文件延期到2026年底。n防風(fēng)險：一是表示伴隨地產(chǎn)、地方債以及中小金融機構(gòu)三大風(fēng)險逐步金融風(fēng)險正穩(wěn)步收斂。二是將無還本續(xù)貸對象由原來的部分小微企業(yè)擴展至所有小擇大型銀行：農(nóng)行、中行、郵儲、工行、建行、交行等。三是如果經(jīng)濟復(fù)蘇預(yù)期較n風(fēng)險提示：經(jīng)濟下滑超預(yù)期；金融監(jiān)管超預(yù)期；研報信息更新不及時；政策落地不及預(yù)期。 ：（銀行息差、營收、稅前利潤分別影響-1.4bp；-0.8pcts；-1.8pcts。對產(chǎn)的壓艙石，當(dāng)前壓制其規(guī)模凈增長的不是投放，而是居高不下的早償上半年同比多發(fā)放0.51萬億，可見2023年實際購房貸款投放或高于原因便是實際存量房貸利率仍然較高。若調(diào)降存量房貸利率，實際投放回暖的基礎(chǔ)上，銀行按揭貸款規(guī)模將企穩(wěn)，從長期看有助于緩解銀行零利潤分別影響-8.3bp；-4.6pct差、營收、稅前利潤分別影響-4.2bp；-2.3pcts；-5存量房貸調(diào)降50bp截至目前LPR下調(diào)35bp重定價影響LPR調(diào)降20bp稅前利潤稅前利潤稅前利潤24E25E24E25E24E25E25E25E25E24E25E24E25E24E25E-1.6-4.8-1.0%-2.8%-1.9%-5.7%-4.5-2.6%-5.3%-1.17-9.96-0.7%-5.8%-1.3%-11.8%-2.0-5.9-1.1%-3.4%-2.1%-6.4%-5.6-3.2%-6.1%-1.04-10.68-0.6%-6.2%-1.0%-11.6%-1.4-4.2-0.9%-2.7%-2.0%-6.2%-4.1-2.6%-6.0%-0.93-8.49-0.6%-5.4%-1.2%-12.5%-1.7-5.0-1.0%-3.1%-2.2%-6.3%-4.9-3.0%-6.2%-0.98-9.68-0.6%-5.9%-1.2%-12.2%-1.3-3.9-0.8%-2.1%-1.9%-5.4%-4.1-2.2%-5.7%-0.95-8.92-0.6%-4.9%-1.4%-12.5%-1.7-5.0-0.9%-2.5%-3.2%-9.7%-4.6-2.2%-8.8%-0.42-6.60-0.2%-3.2%-0.8%-12.8%-1.4-4.3-0.5%-1.7%-1.0%-3.0%-3.3-1.2%-2.3%-0.74-6.52-0.3%-2.5%-0.5%-4.6%-1.4-4.1-0.6%-1.8%-1.5%-5.0%-4.0-1.8%-5.0%-0.52-7.16-0.2%-3.2%-0.6%-8.9%-1.1-3.4-0.6%-1.8%-2.3%-6.4%-3.2-1.7%-6.0%-0.59-6.38-0.3%-3.4%-1.2%-11.9%-1.0-2.9-0.6%-1.8%-2.0%-6.1%-3.0-1.9%-6.4%-0.70-6.68-0.4%-4.1%-1.5%-14.1%-1.3-3.8-0.6%-1.9%-1.5%-4.8%-4.6-2.3%-5.8%-0.48-7.74-0.2%-3.9%-0.6%-9.7%-1.1-3.3-0.6%-1.8%-1.5%-4.4%-4.9-2.7%-6.5%-0.34-8.05-0.2%-4.5%-0.5%-10.8%-0.9-2.7-0.4%-1.6%-1.1%-3.3%-3.4-2.0%-4.2%-0.61-6.89-0.3%-4.1%-0.7%-8.6%-0.7-2.0-0.3%-0.9%-0.7%-1.9%-3.0-1.4%-2.9%-0.62-5.63-0.2%-2.5%-0.6%-5.5%-0.5-1.5-0.3%-0.7%-1.0%-2.7%-1.6-0.7%-3.0%-0.58-4.50-0.3%-2.0%-1.0%-8.1%-1.0-3.0-0.6%-1.9%-1.4%-4.0%-3.6-2.2%-4.8%-0.6-6.9-0.3%-4.3%-0.7%-9.2%-0.4-1.1-0.2%-0.5%-0.4%-1.1%-2.5-1.3%-2.5%-0.6-6.0-0.3%-3.1%-0.6%-6.1%-0.3-1.0-0.2%-0.5%-0.4%-1.0%-1.5-0.7%-1.5%-0.6-4.3-0.2%-2.0%-0.5%-4.3%-0.7-2.2-0.4%-1.1%-0.8%-2.0%-3.0-1.4%-2.6%-0.4-5.7-0.2%-2.8%-0.4%-5.1%-0.4-1.1-0.2%-0.6%-0.4%-1.3%-1.1-0.6%-1.2%-0.4-3.0-0.2%-1.7%-0.5%-3.5%-0.5-1.6-0.3%-0.9%-0.6%-1.5%-1.8-1.0%-1.6%-0.5-4.5-0.3%-2.6%-0.5%-4.1%-0.6-1.8-0.4%-1.3%-0.7%-2.2%-2.6-1.8%-3.2%-0.4-5.3-0.3%-3.7%-0.5%-6.5%-0.8-2.5-0.5%-1.4%-0.7%-1.9%-3.8-2.1%-2.9%-1.0-9.0-0.5%-4.9%-0.8%-6.9%-0.7-2.2-0.4%-0.9%-0.9%-2.5%-1.7-0.7%-1.9%-0.5-4.1-0.2%-1.7%-0.6%-4.6%-0.8-2.5-0.4%-1.2%-1.3%-3.5%-2.6-1.2%-3.6%-0.9-6.6-0.4%-3.2%-1.2%-9.3%-0.7-2.0-0.4%-1.1%-2.8%-5.0%-2.3-1.2%-5.7%-0.9-6.4-0.4%-3.4%-3.6%-15.9%-0.7-2.1-0.5%-1.4%-1.4%-6.0%-2.8-1.9%-7.9%-0.5-5.9-0.4%-3.9%-1.0%-16.5%-0.6-1.9-0.4%-1.0%-0.7%-1.8%-2.4-1.3%-2.3%-0.6-5.7-0.3%-3.1%-0.7%-5.4%-0.6-1.9-0.5%-1.4%-1.2%-3.0%-2.4-1.9%-3.9%-0.5-5.0-0.3%-3.8%-0.8%-8.0%-0.9-2.6-0.5%-1.5%-1.3%-3.4%-2.3-1.3%-2.9%-0.8-6.0-0.4%-3.4%-1.1%-7.8%-0.9-2.7-0.5%-1.9%-2.2%-6.6%-1.4-1.0%-3.3%-0.4-3.4-0.2%-2.4%-1.0%-8.2%-0.6-1.7-0.4%-1.0%-0.9%-2.3%-1.7-1.0%-2.3%-0.4-3.9-0.2%-2.3%-0.5%-5.2%-0.5-1.6-0.3%-0.8%-0.6%-1.4%-2.3-1.1%-2.0%-0.9-6.6-0.5%-3.3%-1.0%-5.8%-0.6-1.9-0.4%-0.9%-0.7%-1.9%-2.6-1.3%-2.7%-0.7-6.4-0.4%-3.3%-0.7%-6.5%-0.4-1.2-0.2%-0.4%-0.4%-0.9%-1.4-0.5%-1.0%-0.5-3.7-0.2%-1.3%-0.4%-2.7%-0.4-1.3-0.2%-0.7%-0.5%-1.4%-2.1-1.1%-2.2%-0.9-6.3-0.5%-3.2%-0.9%-6.5%-0.6-1.7-0.3%-0.8%-0.6%-1.8%-2.1-1.0%-2.2%-0.6-5.1-0.3%-2.3%-0.6%-5.3%-0.8-2.3-0.4%-1.1%-1.4%-4.6%-3.0-1.4%-5.9%-1.1-8.0-0.5%-3.6%-1.8%-15.8%-0.7-2.10.0%0.0%0.0%0.0%-2.5-1.8%-3.7%-0.8-6.5-0.5%-4.7%-1.2%-9.5%-0.6-1.9-0.4%-0.9%-0.8%-1.9%-1.5-0.7%-1.4%-0.6-4.1-0.3%-1.9%-0.6%-3.9%-0.9-2.7-0.5%-1.5%-0.9%-2.5%-3.0-1.6%-2.7%-0.7-6.7-0.4%-3.7%-0.7%-6.1%-0.7-2.2-0.4%-1.3%-0.9%-2.5%-2.6-1.5%-2.9%-0.4-4.8-0.2%-2.7%-0.4%-5.4%上市銀行-1.4-4.2-0.8%-2.3%-1.8%-5.3%-4.2-2.3%-5.2%-0.8-8.3-0.4%-4.6%-1.0%-10.3%-1.6-4.9-1.0%-2.9%-2.1%-6.3%-4.7-2.7%-6.0%-1.0-9.4-0.6%-5.5%-1.2%-12.1%股份行-1.1-3.4-0.5%-1.6%-1.3%-4.0%-3.6-1.7%-4.2%-0.6-6.8-0.3%-3.3%-0.7%-8.0%城商行-0.7-2.0-0.4%-1.1%-0.8%-2.2%-2.6-1.4%-2.8%-0.6-5.7-0.3%-3.1%-0.6%-6.2%-0.7-2.1-0.4%-1.1%-0.8%-2.1%-2.4-1.2%-2.5%-0.6-5.5-0.3%-2.8%-0.6%-5.7%（官方口正常+提前）還款率不變）額測算按揭投放額2.622.833.976.574.946.347.257.79202138.323.8811.25%3.887.762.376.306.406.40款或債券，測算對25E銀行息差、營收、稅前利潤分別影響+0.6bp、+0.3pcts、+0.8pcts。且央行表示今年內(nèi)將視市場流動性狀況，可能擇機進一步下調(diào)存款準備金率，將對銀行息差形成更強支撐。利率同步下行，保持商業(yè)銀行凈息差穩(wěn)定。假設(shè)近期定期存款利率調(diào)降降存款利率對息差的支撐具有滯后性，銀行負債成本自4Q23才開始止升。從上市銀行財報數(shù)據(jù)來看，過去兩年調(diào)降多輪存款利率，但由于存差的支撐具有滯后性，因此預(yù)計過去兩年存款利率的調(diào)降對銀行下階段降準50bp定期存款調(diào)降20bp過去多輪存款利率調(diào)降的持續(xù)效果稅前利潤稅前利潤稅前利潤25E25E25E24E25E24E25E24E25E24E25E24E25E24E25E工商銀行0.600.4%0.7%1.793.411.1%2.3%2.2%4.6%5.983.213.6%2.1%7.3%4.2%建設(shè)銀行0.600.3%0.6%1.632.961.0%2.1%2.0%4.1%5.623.143.2%2.0%6.3%3.8%農(nóng)業(yè)銀行0.540.3%0.8%1.272.980.9%2.3%2.0%5.1%5.132.953.6%2.3%8.1%5.2%中國銀行0.600.4%0.8%2.643.471.4%2.0%3.0%4.2%6.282.693.8%1.8%7.9%3.7%交通銀行0.570.3%0.8%2.222.821.4%1.8%3.5%4.7%5.602.983.2%1.8%8.3%4.5%郵儲銀行0.800.4%1.6%4.446.182.3%3.4%8.7%13.0%9.623.134.9%1.7%18.8%6.6%招商銀行0.710.3%0.5%1.552.310.6%0.9%1.1%1.7%5.422.312.0%0.9%3.7%1.7%中信銀行0.600.3%0.7%2.812.421.3%1.1%3.5%3.0%5.842.222.6%1.0%7.2%2.8%浦發(fā)銀行0.570.3%1.1%2.492.121.4%1.2%5.4%4.3%5.512.392.8%1.2%10.9%4.2%民生/銀行0.540.3%1.1%1.553.140.8%1.8%3.2%6.8%5.083.273.0%2.2%10.9%7.5%興業(yè)銀行0.570.3%0.7%4.611.522.3%0.8%5.8%1.9%6.061.853.2%1.0%7.9%2.5%光大銀行0.620.4%0.8%2.163.431.0%1.9%3.0%4.9%5.733.453.1%2.1%8.2%5.1%華夏銀行0.530.3%0.7%1.143.410.5%1.7%1.3%4.0%4.402.642.4%1.6%5.6%3.4%平安銀行0.710.3%0.7%2.912.851.1%1.2%3.0%3.0%6.153.112.4%1.3%5.9%2.9%浙商銀行0.630.3%1.1%1.393.480.7%1.8%2.6%6.7%4.772.592.6%1.5%10.0%5.9%北京銀行0.560.4%0.7%1.583.591.0%2.3%2.2%5.0%4.842.293.0%1.5%6.8%3.3%南京銀行0.650.3%0.7%2.163.691.4%2.6%2.7%4.7%5.903.593.1%1.9%6.3%3.7%寧波銀行0.720.3%0.7%2.662.951.5%1.8%3.1%3.6%5.372.652.6%1.3%5.7%2.9%江蘇銀行0.630.3%0.6%2.483.591.3%1.9%2.2%3.2%5.402.902.6%1.4%4.9%2.6%貴陽銀行0.710.4%0.8%1.633.300.7%1.6%1.8%3.7%5.063.892.5%2.2%5.8%4.5%杭州銀行0.590.3%0.5%1.492.861.0%1.9%1.7%3.0%4.662.162.7%1.3%5.1%2.1%上海銀行0.500.3%0.6%1.863.191.2%2.3%2.4%4.1%4.982.823.3%1.9%6.1%3.4%成都銀行0.710.4%0.5%1.663.841.1%2.6%1.5%3.4%5.493.423.2%2.1%4.8%3.0%長沙銀行0.780.3%0.9%1.203.130.6%1.5%1.5%3.9%4.903.292.2%1.5%5.8%4.0%青島銀行2.154.600.8%1.6%2.4%4.3%5.343.722.7%1.9%8.3%5.6%鄭州銀行2.923.761.2%1.6%7.9%8.3%6.082.892.9%1.5%17.8%7.1%西安銀行0.642.970.5%2.7%1.8%11.7%4.625.753.0%3.9%10.5%16.1%蘇州銀行1.833.651.1%2.2%2.0%3.9%5.163.562.9%2.1%5.5%3.8%廈門/銀行0.420.3%0.7%1.183.391.0%3.0%2.0%6.1%4.953.003.4%2.0%7.2%4.3%齊魯銀行0.570.3%0.7%4.852.662.9%1.7%6.8%3.6%7.072.454.2%1.6%10.5%3.6%蘭州銀行0.353.510.2%2.6%1.0%9.9%4.626.222.9%4.4%11.2%14.9%重慶銀行0.640.4%0.9%1.303.780.8%2.3%1.7%5.0%4.444.262.7%2.5%5.9%5.8%江陰銀行0.630.3%0.6%2.604.411.4%2.4%2.4%4.1%6.814.083.5%2.2%6.3%3.8%無錫銀行0.730.4%0.7%2.445.081.2%2.3%2.2%4.4%6.606.073.5%3.2%6.9%6.4%常熟銀行1.020.4%0.7%3.714.071.5%1.7%3.2%3.3%7.044.082.6%1.5%5.9%3.2%蘇農(nóng)銀行0.660.3%0.7%1.432.660.8%1.6%1.6%3.1%4.853.602.6%2.0%5.4%4.0%張家港行0.640.3%0.7%2.674.681.5%2.6%3.2%5.8%7.124.823.4%2.3%7.8%5.2%青農(nóng)商行0.710.3%1.4%1.834.460.8%1.7%3.3%7.6%5.584.062.6%2.0%11.9%8.6%紫金銀行0.630.5%0.9%4.094.412.4%2.7%5.2%5.7%7.784.244.8%2.8%10.2%5.8%瑞豐銀行0.710.3%0.7%2.923.881.7%2.2%3.2%4.1%5.452.284.5%2.5%9.5%5.1%滬農(nóng)商行0.670.4%0.6%2.013.611.2%2.2%2.0%3.6%5.653.224.0%2.8%6.9%4.7%渝農(nóng)商行0.620.3%0.7%2.883.291.6%1.8%3.4%3.8%6.073.373.3%1.9%7.1%3.8%上市銀行0.610.3%0.8%2.193.201.2%2.0%2.8%4.4%5.892.923.3%1.8%7.6%4.0%國有行0.600.4%0.8%2.043.421.2%2.3%2.7%5.0%6.063.023.7%2.0%8.0%4.4%股份行0.610.3%0.7%2.612.511.2%1.2%3.2%3.1%5.632.532.7%1.3%6.8%3.1%城商行0.630.3%0.7%1.993.391.2%2.1%2.4%4.1%5.223.022.9%1.7%6.0%3.5%農(nóng)商行0.680.4%0.7%2.543.781.4%2.0%2.8%4.1%6.063.613.5%2.3%7.3%4.7%工商銀行工商銀行建設(shè)銀行農(nóng)業(yè)銀行中國銀行交通銀行郵儲銀行招商銀行中信銀行浦發(fā)銀行民生/銀行興業(yè)銀行光大銀行華夏銀行平安銀行浙商銀行北京銀行南京銀行寧波銀行江蘇銀行貴陽銀行杭州銀行上海銀行成都銀行長沙銀行青島銀行鄭州銀行西安銀行蘇州銀行廈門/銀行齊魯銀行蘭州銀行重慶銀行江陰銀行無錫銀行常熟銀行蘇農(nóng)銀行張家港行青農(nóng)商行紫金銀行瑞豐銀行滬農(nóng)商行渝農(nóng)商行上市銀行國有行股份行城商行農(nóng)商行生息資產(chǎn)收益率計息負債付息率計息負債付息率23Q3環(huán)比變動23Q2環(huán)比變動23Q4環(huán)比變動24Q1環(huán)比變動24Q2環(huán)比變動1Q242Q24-0.02%-0.02%-0.04%-0.10%-0.09%-0.08%-0.03%-0.07%-0.14%-0.13%-0.10%-0.10%-0.13%-0.09%-0.12%-0.15%-0.13%-0.06%-0.08%-0.20%-0.14%-0.03%-0.09%-0.07%-0.09%-0.11%0.00%0.09%-0.11%-0.09%-0.04%0.14%-0.09%0.02%-0.15%-0.06%-0.04%-0.02%-0.05%-0.11%0.00%-0.07%-0.09%2.06%-0.06%-0.11%-0.10%-0.07%0.00%-0.02%-0.04%-0.05%-0.08%-0.06%-0.06%-0.03%0.01%-0.07%-0.06%0.01%-0.04%-0.03%-0.01%-0.04%-0.05%-0.11%-0.11%-0.09%-0.06%-0.09%-0.04%-0.07%-0.04%-0.01%-0.14%-0.08%-0.04%-0.06%-0.43%-0.08%-0.15%-0.01%-0.01%-0.09%-0.18%-0.06%-0.05%-0.04%-0.07%-0.07%0.04%0.07%0.02%0.10%0.01%0.02%0.00%0.02%0.00%0.01%-0.01%0.05%-0.03%0.04%0.04%-0.02%0.05%0.06%0.07%0.12%-0.06%-0.06%0.03%-0.04%0.02%0.03%0.07%0.06%0.05%0.03%-0.37%-0.01%-0.02%0.01%-0.08%0.01%-0.01%0.02%-0.10%0.05%-0.04%0.00%-0.04%-0.02%0.05%0.05%-0.04%0.00%0.04%-0.04%-0.05%0.00%0.00%-0.02%-0.02%-0.01%-0.02%0.03%0.00%0.02%0.03%-0.01%-0.02%0.12%0.04%0.01%-0.03%-0.12%0.06%0.01%-0.03%0.03%0.19%0.03%0.00%-0.03%0.05%0.03%-0.03%-0.01%0.04%-0.05%0.02%-0.05%2.09%2.24%2.02%2.12%2.29%2.15%2.25%2.19%2.16%2.21%2.07%2.40%2.04%2.27%2.45%2.18%2.10%2.25%2.09%2.14%2.27%2.70%2.14%2.35%2.05%2.87%2.56%2.17%2.28%2.03%2.21%2.07%2.15%2.27%1.98%2.08%2.19%2.00%0.05%0.01%0.02%0.07%0.04%-0.01%0.06%0.02%0.01%0.03%0.06%-0.02%0.12%0.03%-0.05%0.05%0.01%0.10%0.05%-0.03%0.06%0.03%0.01%0.07%0.01%-0.01%0.06%-0.06%0.08%-0.01%0.31%0.01%0.02%-0.04%0.07%0.03%0.00%0.01%0.08%0.02%0.01%0.00%2.18%2.32%2.16%2.25%2.38%2.26%2.38%2.28%2.28%2.36%2.20%2.47%2.12%2.47%2.60%2.22%2.19%2.33%2.17%2.24%2.28%2.61%2.26%2.44%2.08%2.73%2.65%2.32%2.35%2.07%2.23%2.12%2.27%2.27%0.03%0.03%0.00%-0.04%-0.07%0.05%0.01%0.01%-0.02%0.00%-0.01%0.03%-0.01%-0.04%-0.04%-0.07%-0.07%0.03%0.03%0.04%0.01%2.19%2.29%2.06%Q1環(huán)比變0.03%-0.05%Q1環(huán)比變0.03%-0.05%-0.03%-0.10%-0.07%-0.08%-0.16%-0.02%-0.01%-0.16%-0.13%-0.14%-0.50%-0.16%-0.09%-0.07%0.11%-0.10%0.16%-0.35%-0.07%-0.10%-0.02%-0.10%-0.09%0.05%-0.22%-0.15%-0.09%-0.04%-0.19%-0.08%-0.14%-0.08%0.24%-0.09%-0.20%0.05%-0.14%-0.04%-0.09%-0.10%-0.06%-0.04%-0.13%-0.04%-0.06%1Q243.25%3.28%3.19%3.42%3.46%3.38%3.53%3.78%3.64%3.67%3.86%3.86%3.88%4.20%4.10%3.66%4.15%4.11%4.37%4.47%3.74%3.42%3.93%4.43%4.12%4.41%3.74%3.94%3.38%3.58%4.22%3.82%3.56%3.59%4.92%3.47%3.95%3.83%3.54%3.67%3.42%3.50%3.47%3.30%3.78%3.94%3.64%2Q243.12%3.18%3.08%3.33%3.41%3.31%3.45%3.76%3.52%3.59%3.73%3.72%3.79%3.99%3.93%3.51%3.96%4.01%4.17%4.47%3.63%3.31%3.74%4.20%3.96%4.07%3.79%3.77%3.33%3.47%4.33%3.86%3.45%3.42%4.79%3.41%3.80%3.83%3.22%3.63%3.35%3.37%3.36%3.20%3.67%3.81%3.53%Q2環(huán)比變-0.12%-0.10%-0.11%-0.09%-0.05%-0.06%-0.09%-0.02%-0.11%-0.08%-0.13%-0.14%-0.10%-0.21%-0.17%-0.15%-0.19%-0.10%-0.20%0.01%-0.12%-0.12%-0.19%-0.23%-0.16%-0.34%0.05%-0.17%-0.05%-0.11%0.11%0.04%-0.11%-0.18%-0.14%-0.06%-0.16%0.00%-0.32%-0.04%-0.07%-0.13%-0.11%-0.10%-0.11%-0.14%-0.11% 綜合息差營收稅前利潤24E25E24E25E24E25E5.0-12.13.0%-6.5%6.3%-13.2%4.2-15.52.5%-8.4%5.1%-15.7%農(nóng)業(yè)銀行4.1-10.43.0%-5.8%6.8%-13.5%6.3-12.83.6%-7.9%7.5%-16.1%5.6-10.53.3%-5.3%8.6%-13.6%12.0-6.16.1%-2.5%23.5%-10.2%4.8-8.81.7%-3.3%3.3%-6.0%6.8-10.03.0%-4.4%8.6%-12.3%6.3-7.93.3%-4.2%12.9%-14.7%5.0-5.72.9%-3.4%10.7%-11.2%8.9-12.24.6%-6.0%11.6%-15.1%6.5-8.73.4%-4.8%9.4%-10.9%4.0-6.32.2%-4.0%5.1%-7.9%7.8-4.03.0%-1.9%7.7%-3.7%5.1-0.92.8%0.2%10.5%0.0%4.9-7.03.0%-4.2%6.9%-8.9%7.1-1.74.1%-0.2%8.0%-0.7%7.1-0.53.7%0.3%7.9%0.5%6.7-3.83.3%-1.7%6.0%-3.3%貴陽銀行5.92.82.9%1.3%6.7%3.1%杭州銀行5.1-2.23.1%-0.9%5.6%-1.6%5.8-3.23.8%-2.2%7.2%-3.8%5.3-7.43.3%-3.2%4.7%-4.8%4.9-0.82.2%0.0%5.7%-0.1%5.8-3.32.7%-2.1%8.2%-6.5%7.4-4.13.3%-2.5%19.4%-11.2%4.0-2.12.6%-0.7%10.0%-2.6%5.7-2.73.2%-1.0%6.1%-1.9%廈門/銀行5.0-2.43.6%-1.7%7.3%-3.8%10.2-5.36.2%-2.6%14.9%-6.1%3.72.32.4%1.7%9.0%6.7%4.81.32.9%1.0%6.2%2.0%7.9-1.34.1%-0.4%7.2%-0.7%7.70.94.0%0.4%7.7%0.4%9.92.93.8%1.4%8.3%2.7%4.9-2.92.7%-1.0%5.6%-2.2%8.71.14.3%1.2%9.8%2.4%5.6-4.12.6%-2.0%12.0%-8.8%10.3-1.86.8%-0.5%14.2%-0.9%7.1-0.65.6%1.6%11.3%2.8%6.0-4.94.3%-1.4%7.3%-2.4%7.9-2.34.3%-1.3%9.2%-2.6%上市銀行5.8-10.03.3%-5.2%7.7%-11.6%國有行5.5-11.93.4%-6.5%7.5%-14.2%股份行6.5-8.13.1%-3.8%8.0%-9.4%城商行6.0-3.23.4%-1.4%7.0%-3.0%農(nóng)商行7.3-1.84.2%-0.4%8.7%-0.8%提升大型商業(yè)銀行穩(wěn)健經(jīng)營發(fā)展的能力，更好地發(fā)揮服務(wù)實體經(jīng)濟的主力軍作用，經(jīng)研究，國家計劃對六家大型商業(yè)銀行增加核心一級資本，將按照“統(tǒng)籌推進、分期分批、一行一策”的思路，有序?qū)嵤Ｍ瑫r將持續(xù)督促大型商業(yè)銀行提升精細化管理水平，強化資本約束下的高質(zhì)量監(jiān)管要求核心一級資本充足率距離監(jiān)管線融資方式最新公告日期再融資方案（億元）融資規(guī)模工商銀行工商銀行8.50%5.34%建設(shè)銀行建設(shè)銀行8.50%5.51%農(nóng)業(yè)銀行農(nóng)業(yè)銀行8.50%2.63%8.50%3.53%交通銀行交通銀行8.25%2.05%郵儲銀行郵儲銀行8.00%9.28%招商銀行招商銀行8.25%5.61%8.00%9.43%2019年3月上市；2025年3月到期4002023-04-22股東大會通過400浦發(fā)銀行浦發(fā)銀行8.00%8.87%0.87%2019年11月上市；2025年10月到期5008.00%9.35%興業(yè)銀行興業(yè)銀行8.25%9.48%2022年1月上市；2027年12月到期500光大銀行光大銀行7.75%9.60%華夏銀行華夏銀行7.75%9.30%平安銀行平安銀行7.75%9.33%浙商銀行浙商銀行7.50%8.38%0.88%2023-07-27已完成，A股募集97.56億元，H股募集27.63億元7.75%9.15%7.50%8.97%2021年7月上市；2027年6月到期7.75%9.61%7.75%8.99%2023-10-21貴陽銀行貴陽銀行7.50%4.64%杭州銀行杭州銀行7.50%8.63%2021年4月上市；2027年3月到期2024/4/20浙江金融監(jiān)管局批復(fù)上海銀行上海銀行7.75%9.57%2021年2月上市；2027年1月到期成都銀行成都銀行7.50%8.17%0.67%2022年4月上市；2028年3月到期長沙銀行長沙銀行7.50%9.70%2.20%青島銀行青島銀行7.50%9.07%鄭州銀行鄭州銀行7.50%9.26%7.50%2.70%7.50%9.43%2021年5月上市；2027年4月到期50廈門/銀行廈門/銀行7.50%9.91%2.41%齊魯銀行齊魯銀行7.50%2.73%2022年12月上市；2028年11月到期蘭州銀行蘭州銀行7.50%8.19%0.69%重慶銀行重慶銀行7.50%2.66%2022年4月上市；2028年3月到期7.50%6.42%2018年2月上市；2024年1月到期無錫銀行無錫銀行7.50%4.01%2018年3月上市；2024年1月到期7.50%9.92%2.42%2022年10月上市；2028年9月到期7.50%9.90%2.40%2018年8月上市；2024年8月到期7.50%9.42%2018年11月上市；2024年11月到期青農(nóng)商行青農(nóng)商行7.50%3.01%2020年9月上市；2026年8月到期507.50%2.87%2020年8月上市；2026年7月到期45瑞豐銀行瑞豐銀行7.50%5.53%7.50%7.18%渝農(nóng)商行渝農(nóng)商行7.50%6.33%6.33%外，本次明確統(tǒng)一首套房和二套房的房貸最低首付比例，將全國層面的性需求的支持，平等對待剛性需求和改善需求，有助于降低購房門檻，釋放改善型購房需求。府專項債券用于土地儲備基礎(chǔ)上，研究允許政策性銀行、商業(yè)銀行貸款支持有條件的企業(yè)市場化收購房企土地，盤活存量用地，緩解房企資金壓力。必要時，人民銀行可提供政策支持。三是將年底前到期的經(jīng)營性給端發(fā)力，持續(xù)支持房企的合理融資需求，紓解房企壓力，并加快去庫存力度。布會上表示，按照中央金融工作會議的部署，金融監(jiān)管總局積極推動中小金融機構(gòu)改革化險，堅決避免風(fēng)險外溢和傳導(dǎo)。目前，高風(fēng)險機構(gòu)集聚的地區(qū)都已經(jīng)形成了具體的改革化險方案，正在“一省一策”穩(wěn)妥有風(fēng)險可控，伴隨房地產(chǎn)、地方債以及中小金融機構(gòu)三大風(fēng)險逐步化解和緩釋，金融風(fēng)險正在穩(wěn)步收斂。三大風(fēng)險逐步緩釋對銀行資產(chǎn)質(zhì)量企穩(wěn)對象由原來的部分小微企業(yè)擴展至所有小微企業(yè)，貸款到期后有真實融資需求，同時又存在資金困難的小微企業(yè)，符合條件的均可申請續(xù)貸支持。二是將續(xù)貸政策階段性擴大到中型企業(yè)，期限暫定為三年，也就是企業(yè)的續(xù)貸政策。三是調(diào)整風(fēng)險分類標準，對依法合規(guī)、持續(xù)經(jīng)營、信用良好企業(yè)的貸款辦理續(xù)期，不因續(xù)貸單獨下調(diào)風(fēng)險分類。信用卡2.6%信用卡2.6%4.0%3.2%2.8%6.0%2.6%13.6%9.0%6.8%10.7%6.5%9.9%7.4%13.8%0.0%0.7%0.7%0.0%1.7%1.9%0.0%2.4%0.0%3.6%0.0%0.9%0.5%0.0%0.0%1.6%0.8%5.4%0.5%0.3%1.5%0.3%1.1%0.0%0.0%1.3%0.4%2.2%4.5%3.3%9.3%1.2%1.0%消費貸1.4%1.9%1.8%0.0%2.7%6.6%6.5%5.6%3.5%1.9%2.9%4.9%9.5%14.3%7.6%9.5%14.7%23.5%14.7%1.1%7.9%7.3%2.8%13.5%6.3%3.8%13.7%6.4%3.2%0.0%5.8%2.6%3.2%3.9%10.9%4.4%5.7%2.0%0.0%6.7%5.8%9.0%3.5%1.8%5.7%10.6%6.0%經(jīng)營貸5.6%3.5%3.9%6.7%4.5%17.7%12.0%8.7%8.7%14.7%6.1%8.6%0.0%16.3%10.9%7.9%2.2%7.0%2.7%5.1%14.2%8.4%2.2%5.5%3.4%9.8%2.9%11.9%21.8%0.0%2.4%5.3%7.4%4.2%39.4%11.9%20.7%17.1%0.0%26.7%7.8%17.5%6.9%5.8%9.8%6.3%14.7%制造業(yè)9.6%9.4%11.4%13.6%12.3%6.5%9.0%9.4%12.4%11.4%13.5%13.0%10.6%6.5%14.2%9.6%8.9%13.4%15.0%6.3%9.5%7.3%6.5%8.5%10.6%3.8%4.4%18.3%11.1%9.3%8.2%7.0%27.7%19.4%16.8%28.8%16.5%9.3%5.1%20.1%11.2%10.3%10.7%10.6%10.9%10.1%13.5%建筑業(yè)1.9%2.9%2.6%2.5%2.7%2.7%2.0%2.2%3.6%3.0%3.1%4.3%4.1%1.5%3.7%4.0%0.8%4.0%2.8%19.0%3.5%3.9%3.8%8.4%11.3%7.5%12.7%5.5%6.2%8.6%9.8%6.0%7.7%4.6%6.2%7.3%3.5%8.8%9.0%4.7%1.7%1.6%2.8%2.5%2.9%4.8%4.1%房地產(chǎn)4.0%4.0%3.9%7.4%6.4%3.3%5.0%5.0%7.2%7.7%8.4%4.3%4.3%7.6%10.3%5.6%3.1%9.7%4.0%12.3%4.1%8.4%5.2%3.1%7.0%7.8%5.0%8.2%4.0%1.3%8.7%2.3%0.9%1.0%0.8%2.1%1.0%5.6%4.7%1.9%14.8%0.7%5.2%4.7%6.4%5.8%5.3%62.9%31.7%60.7%34.9%58.9%35.6%59.5%32.1%65.9%30.9%40.8%54.1%41.1%52.5%52.2%41.6%58.5%34.7%55.0%39.6%60.5%34.3%58.2%38.3%65.4%30.4%41.3%53.4%65.8%27.7%59.9%33.0%70.4%23.9%55.1%37.1%63.6%30.9%83.5%14.3%64.1%32.9%61.2%29.2%81.7%18.0%63.7%35.3%69.7%24.0%72.0%23.2%67.1%29.5%64.2%29.2%56.1%34.8%70.6%26.5%65.7%21.9%70.1%22.9%66.4%17.6%68.5%16.5%37.1%57.0%65.4%22.3%51.8%34.8%63.0%30.1%66.7%22.8%50.4%43.4%58.1%28.1%49.9%41.4%58.5%35.8%59.5%34.9%53.7%40.6%64.7%29.4%55.9%33.4%工商銀行建設(shè)銀行農(nóng)業(yè)銀行中國銀行交通銀行郵儲銀行招商銀行中信銀行浦發(fā)銀行民生/銀行興業(yè)銀行光大銀行華夏銀行平安銀行浙商銀行北京銀行南京銀行寧波銀行江蘇銀行貴陽銀行杭州銀行上海銀行成都銀行長沙銀行青島銀行鄭州銀行西安銀行蘇州銀行廈門/銀行齊魯銀行蘭州銀行重慶銀行江陰銀行無錫銀行常熟銀行蘇農(nóng)銀行張家港行青農(nóng)商行紫金銀行瑞豐銀行滬農(nóng)商行渝農(nóng)商行上市銀行國有行股份行城商行農(nóng)商行按揭22.1%25.1%20.8%22.5%17.7%27.3%20.4%18.3%15.7%12.2%18.8%14.9%13.4%9.0%8.6%14