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外资银行的内地相关放贷阻力上升

Published 08/11/2018, 08:50 pm
© Reuters.  外资银行的内地相关放贷阻力上升

(The following statement was released by the rating agency) Link to Fitch Ratings' Report(s): Mainland China Exposure Data File - November 2018 https://www.fitchratings.com/site/re/10050591 Fitch Ratings-Hong Kong/Singapore-November 08: 本文章英文原文最初于2018年11月5日发布于:Fitch Ratings: Headwinds to Foreign Banks' Chinese Lending Rising /a 2018年上半年,外资银行的中国内地风险敞口(MCE)首次超过2万亿美元,但与2017年的强劲增长相比,增速有所放缓。惠誉评级表示,中美贸易战带来的阻力不断上升 和预期中国经济前景疲弱,预示中国经济在2018年下半年和2019年或将出现暂时性下滑,但惠誉预计,结构性因素仍将在中期内持续推动MCE及其相关风险的增长。 惠誉的数据显示,2017年末至2018年6月底,外资银行的MCE规模增加了2.9%,相比2017年,由于紧缩的国内信贷条件刺激了境外借贷,全年增幅达18.3%。 惠誉之前曾强调,MCE的迅猛增长可能意味着风险偏好的上升,目前的增速虽有放缓,但风险依然存在。 一个值得关注的例子是,香港银行向中国民营企业放贷的力度仍然很大。这些银行的整体MCE规模(占外资银行MCE的近一半)在2018年上半年增长了2.3%,而香港金管 局的最新数据显示,自2017年末到2018年7月底,香港银行对内地银行的债权规模下降了0.5%,但2018年上半年对内地民营企业的放贷增长了12.1%。资本薄弱 的中资银行放贷受限,这将继续为外资银行在中国内地的扩张提供契机,尤其是向民营企业的放贷,这些企业获得国内银行贷款的机会比国有企业更为有限。 对香港数据的分析还显示,中资银行的香港子公司和分行内地放贷的缩减幅度最大。例如,2018年上半年,中银香港的MCE下降了8%。相比之下,尽管短期内还存在不确定性 ,汇丰银行、渣打银行(香港)和恒生银行的敞口规模均扩大了4%-5%,星展银行的香港分行和子公司也将其敞口规模扩大了15%以上。

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