According to a research report released by SDIC Securities, social finance grew 7.2% year on year in August, -0.2 pct. In that month, social finance increased by 1.66 trillion yuan, a year-on-year decrease of 908.3 billion yuan, lower than market expectations; full-caliber RMB loans increased 4.9% year on year, adding 60 billion yuan in new loans, a sharp decrease of 530 billion yuan year on year. Currently, improvements in bank profit statements are being transmitted to balance sheet repairs. The implementation of new insurance liability regulations has brought about a definitive demand for dividend asset allocation. Major banks have seen a breakthrough increase in dividend ratios in mid-'26. The bank is optimistic about absolute and excess returns in subsequent sectors.

According to a research report released by SDIC Securities, social finance grew 7.2% year on year in August, -0.2 pct. In that month, social finance increased by 1.66 trillion yuan, a year-on-year decrease of 908.3 billion yuan, lower than market expectations; full-caliber RMB loans increased 4.9% year on year, adding 60 billion yuan in new loans, a sharp decrease of 530 billion yuan year on year. Currently, improvements in bank profit statements are being transmitted to balance sheet repairs. The implementation of new insurance liability regulations has brought about a definitive demand for dividend asset allocation. Major banks have seen a breakthrough increase in dividend ratios in mid-'26. The bank is optimistic about absolute and excess returns in subsequent sectors.