亚洲银行对海湾合作委员会的贷款：从快车道到急刹车

关键论点

• 亚洲对海合会的债权增速快于世界其他地区，以香港为首；韩国和日本则较为保守。
• 2026年亚洲对中东的银团贷款大幅放缓，截至9月仅相当于2025年全年总额的26%。
• 香港贷款机构最具韧性，已达2025年总额的近一半，而中国大陆和日本仅约五分之一。
• 融资成本尚未飙升：沙特基础设施项目缩减及海湾石油产量下降导致贷款需求疲软，沙特美元存单票息仅小幅上升。

对应原文证据

1. This trend looks even more abrupt in the monthly data, with 78% of this year’s loans signed between January and April, many of them agreed before the war or while it was still expected to be short-lived. · this year
2. Lower Gulf oil production and exports have also dampened demand for trade finance.
3. All in all, as the war continues unabated and even extends further, the slowdown of financing from Asia might become a larger problem for the Gulf as dollar liquidity scarcer with a much more hawkish Fed.