东兴证券：信贷需求待修复居民存款搬家显现趋势

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智通财经APP获悉，东兴证券发布研报称，一季度社融同比少增，受信贷和政府债同比少增拖累。信贷增量和结构指征当前企业信贷融资需求仍待恢复、居民部门加杠杆意愿不足。2026年，在“更加积极财政政策+适度宽松货币政策”组合下，政府债有望支撑社融平稳增长；考虑债务置换和偏弱的零售信贷需求，贷款或同比少增、增速继续放缓，贷款投向延续“对公强、零售弱”格局。银行基本面来看，考虑资产规模平稳增长+净息差降幅收窄...

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东兴证券：信贷需求待修复 居民存款搬家显现趋势

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东兴证券：信贷需求待修复居民存款搬家显现趋势