GS 高盛：中国银行业 CHINA Banks 03.19

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GS 高盛：中国银行业 CHINA Banks

March 19, 2007 7页

China: Banks－PBOC rate hike positive for NIMs; continue adding on dips

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GS 高盛：中国银行业 CHINA Banks 03.19
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Industry context
PBOC has announced it will raise both the 1 year lending and deposit rates
by 27bps while keeping demand deposits rate unchanged, effective March
18. We believe a rate hike is within market expectations. However, the
timing is slightly earlier than expected; we view this as positive in terms of
preventing potential overheating and a surge in investment/loan growth.

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