(The following statement was released by the rating agency) Link to Fitch Ratings' Report(s): https://www.fitchratings.com/site/re/10105366 Fitch Ratings-Hong Kong/London-December 16: 本文章英文原文最初于2019年12月2日发布于：Fitch Rtgs: Most APAC Bank Sector Outlooks Stable, but Risk Appetite Rising /a 惠誉评级在今天发布的两份报告中表示，亚太地区大多数银行系统的行业展望稳定。但是，大部分银行都在提高风险偏好以应对盈利能力的压力，而亚洲四个发达市场的银行系统和三 个新兴市场的银行系统的展望为负面。 /iframe 惠誉对日本银行业的展望目前为负面。鉴于商业模式面临的挑战和更为严峻的海外环境，银行在不承担额外风险的情况下提高盈利的难度越来越大。澳大利亚、香港和新加坡的财务表 现下行风险也有所增加，普遍面临的不利因素包括经济增长走弱、利率下降和竞争激烈。 惠誉已将斯里兰卡银行业的展望自负面调整为稳定，反映出贷款增长前景改善，但在经历周期性低谷后经济环境依然严峻。由于继续面临资产质量的挑战，中国内地、印度和印度尼西 亚这三个新兴市场银行系统的行业展望均为负面。中国内地和印度还面临着提高盈利和资本以支持增长的压力。 2020年的评级比金融趋势走向更为稳健，绝大多数银行的发行人违约评级展望稳定。对于亚太地区新兴市场的大多数银行而言，这反映了惠誉对于这些银行有需要时将获得主权或 机构支持的预期。对于其他市场而言，这通常反映了可吸收潜在的银行财务状况恶化的评级缓冲空间。澳大利亚和日本的评级缓冲空间最为有限。对澳大利亚最大几家银行的任何评级 行动都会对由其支持驱动的新西兰子公司产生连锁反应。 近年来最显著的趋势是，银行在利率下调、净息差压缩、增长前景疲软、竞争激烈和成本上升的情况下不断增加风险偏好以支持盈利能力，发展中市场尤其如此。惠誉预计这一趋势将 在2020年继续。 额外的风险承担从各种渠道体现出来，包括向风险更高的市场扩张、提高某些行业的贷款集中度、并购及持有更高收益的投资。银行通过选择性放宽授信标准来支持资产增长，特别是 对消费者金融和中小企业下调其贷款定价或抵押覆盖率。银行还通过向非银金融机构放贷直接或间接地增加了对房地产行业的敞口。 如果银行不根据其风险承担的情况来增强其损失吸收缓冲，则其评级下行风险可能会上升，虽然在经营环境转差之前，这种影响可能不那么明显。在一些新兴市场，银行信用状况可能 会面临由信用风险较高及流动性风险较大带来的压力，特别是在中国内地和越南，但惠誉认为，规模较小、未授予评级的银行最为脆弱。除澳大利亚银行及其新西兰子公司外，大部分 市场面临的要求加强损失吸收缓冲的监管压力似乎已有所缓解。 联系人: Jonathan Cornish 金融机构银行评级董事总经理
+885 2263 9901 惠誉国际评级有限公司 香港中环德辅道中68号 万宜大厦19楼 David Wong 金融机构银行评级高级董事 +852 2263 9927 Tim Roche 金融机构银行评级高级董事
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