20263 20263 2.7 2.172.29 216 322 452 1. K2026 20252025 1 2025K 2025 202520255.0%20262026 20259101120252026 20253 2025 20258202626.2%20263 2 20251.4%20250.2%20252.3%20242.8%2025 202516.6% 202541165.6%100%202525.1%8% 20252022104 2. 1202622012210%23011 2.1 2025K 20252% 202575132026 2.1 2 20252.2 20252.32025 2.2 202534.8%44.5%2.4202520255.0%20251.2 420263520264.5–5.0%4.6% 2025720262(CPI)CPI6202625.3%16–2425–2916.1%7.2% 20263 202520262.52.67 2026 20252025 172.7202511 2026820252.A 2.A 1 (EBIT)11Z 9 (1)(2) 3) Gu(2018)12 1) (GEPU)(Davis2016)10 721013200242025120042024 2) AltmanZ(Altman1968) ZGEPUB1.2 B1.1 2) 1)GEPU AltmanZGEPU GEPU 14 (1); (2) GEPU 2 134Capital IQ 15 16 17 1) 18192,024 60%7%B2.1 3) 2077%13G-SIBs66% G-SIBsG-SIBB2.2G-SIBsG-SIBsG-SIBs 2) G-SIBsG-SIB 90%B2.1 (1)(2)(3)G-SIBs G-SIBs 3. 3.13.220 3.1 2025343.7%3.8%3.A30.9%41.0%20253.5%20242.6% 20262122 3.2 202593.8–3.9%20253.1–3.2%202583.33 20262.5%3.5%23 3.3 2025341.0%1.1%2026241.3%3.420261.7%1.8%25 3 200520257.822.66.7%48.6%2024 26B3.1 27FallickPingle(2007)28 19762004 6520002008151920241985200518.914.6 26 293031 33B3.2AU20303440 Balleer et al.(2009)32 B 197620041549 C25292024 2022201020212022202420245.7B3.3 2024 4. 4.1 7.76737.82514.1 202625404.2 20259114.3 1011202520264.5 4.2 2026220,716 202563.9%1.7%8.4%4.4 3420259 25202591012202591125.05.00%–5.50%202572.40%93.47%202613.26%1618 353202542%2%4.6 2025715.3%202572026163,5364.878,65719.2%202525,155202430,975 2026110.4%11,4704.74.A5.9%52.3% 20251020252202621,0002,00036 37 2025111238CMU 202510T+1T+0 202620258202626.2%20263 4.3 4.9202620258202629.1% 5004.11 202527.8%4.102025 20258202625,8544.12 20252,8582024225%4.13 202516.6%59,8054.1558.6%16,293 4.439 2025875104%4.14 10 1.2. Dealogic 1.20251151010102.ICE 19.1%33,5964.1633.3%20,176 20252.7%11,0094.17202427.6%202516,073 1.2. Dealogic 20251110100 20251125253203030 20261222A12A 2025925 20251112 3.6%2026126,169 4.5 202535,56745,728202562,83218.3%4.18 20252025413.062.1%4.194020254.2%20260.1%4.20202613.1% 10010020254.182025 9254.2202593.5%20263.25%42 2025931,44920251221,3044.21202610.13%412025 2026161%39% 434.2244 45 20253712914.234.244.25202613.6%–4.4% 4647, 48 5. 20241.54%20251.57%5.2 5.1 49202520241.4%20241.18%20251.14%5.1 20257.3%20241.18%1.21% 202582025350320256185202593.53%2025122.93%5.3 2025102025121.36%5.3 2025412165.6%68.3%5A100%25% 5.2 202525.1%5.48%5120258.0%3% 1202512141.0%100%2A189.5%5A75% 5.3 20252.3%20242.8% 2025654.3%20251252.2%5.540%202537.2%72.0%72.9% 20250.2%2.5%5.620250.2%0.3% 5.B17%20251226%13%3% 53 202561.97%20252.01%202561.58%20251.54%5.7 20252.7%1.8%5.C20252.1%4.3% 52 202587.4%87.6%5.8 2026139.4%5.95.10 54 20252.3%20251.9%5.12 20252.48%20252.37%5.1120250.35% 2025441%30%5.13 1%5.14 184,200 20251255 20252022104 20255.155.16 2025640,24012.0%1.5%202539,63011.5%5.D562.16%20251.94% 1.2.3.4.20262 57 5.E2025458202740.85%1.24% 1.2.3.4.20262 (IEEPA)12215015% 99%2.23%3.10% 3. 202613.2%3.6%9.3%9.4% 2026112% 202610.10.91.83.2 202612% 50% 5.4 CCyB5.F(IRC)IRCCCyB(i)(ii)(iii)CCyB61CCyB62 59 2025 20254IRCCCyB63IRCCCyB1%20261IRCCCyB1% (CCyB)20241018CCyB0.5%60 20263CCyB 1.CCyBCA-B–1CCyBCCyBCCyB2.202441CCyB2.5%CCyBCA-B–1 5.G 4 816 64 (API)CDI 2025202210(CommercialData Interchange, CDI)65 67 GranularData Reporting(GDR) 202212025366 CDI B4.1CDI361.16%22% B4.2 20 CDI銀行(相較於其他銀行)在商業數據通推出後貸款條件上的估算變化 CDI銀行(相較於其他銀行)在商業數據通推出後貸款條件上的估算變化 B4.3 2022120253 68 69 350%30%10% 7.807.757.857.757.85 199941 3M1M2M1M3M2 ©2026 www.hkma.gov.hk 香港金融管理局 8255: (852) 2878 8196: (852) 2878 8197: publicenquiry@hkma.gov.hk www.hkma.gov.hk