China Leaves LPR Unchanged Despite Fed Cut (1-year 3.0%, 5-year 3.5%)

Winners

Industrial & Commercial Bank of China ($IDCBY): No fresh LPR cut means less pressure on net interest margins and slower loan repricing drag; narrower U.S.-China yield gap also supports funding stability and the yuan.

China Construction Bank ($CICHY): Stable benchmark lending rates help preserve spread income and reduce the risk of further NIM compression in a still-cautious credit environment.

Bank of China ($BACHY): Unchanged mortgage and corporate loan benchmarks limit downside to asset yields; a steadier yuan lowers FX-related volatility across the balance sheet.

China Eastern Airlines ($CHNEY): Narrower rate differential post-Fed cut tends to support the yuan, easing USD-denominated fuel and lease costs while stable domestic rat ...