Zhitong Finance APP learned that on September 21 (Tuesday), as of 23:04 Beijing time, 360 Digital (QFIN.US) rose more than 6% to US$20.75. Prior to this, Morgan Stanley continued to identify 360 Digital as the top stock. Since Morgan Stanley covered 360 Digital Science at the beginning of last year, the company has maintained its top stock position for more than a year.
Morgan Stanley pointed out that the development of the macro economy has provided excellent development soil for the track where 360 Digital is located. The report pointed out that in the past three years, household credit accounted for a stable proportion of disposable financial assets. This background also supports a relatively stable credit cycle, because household financial assets continue to expand, driven by deposits, and deposits are linked to income growth. closely related.
In addition, as regulators have tightened controls on real estate-related credits in recent months, including mortgage loans, operating loans and large consumer loans (such as home improvement loans), the recent increase in housing loans has slowed down. Morgan Stanley believes that the growth of overall housing loans will be maintained at a healthier and sustainable level, which will benefit the development of the micro-consumer loan market. This is an important part of the 360 digital sciences, which is deeply engaged in the field of micro-loans. Great benefit.
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