Currently, all 42 A-share listed banks have disclosed their 2026 semi-annual reports. The Securities Times reporter combed through financial reports and found that due to factors such as changes in the macroeconomic environment and continued narrowing of interest spreads, the overall performance of listed banks showed characteristics of both resilience and differentiation. It is worth noting that under the impetus of the entire industry to reduce debt costs and optimize credit pricing strategies, the net interest spreads of nearly half of the listed banks showed signs of a steady recovery, and inflection points at the management level gradually became apparent. According to data compiled by the Securities Times reporter, some banks' intermediary business bucked the trend and grew dramatically. For example, Bank of Ningbo's net revenue from fees and commissions surged 53.90% year over year; Changshu Bank, Bank of Qingdao, and Bank Sunong also achieved rapid growth of 39.15%, 32.66%, and 30.8%, respectively. The Cathay Pacific Haitong Securities research team believes that the differentiation between intermediary business and other non-interest income is an important characteristic of the current revenue structure of listed banks. In stark contrast to this, revenue from the intermediary business of some banks has declined sharply. The Bank of Xi'an's indicator plummeted by 42.35% year on year, while Bank of Changsha, Bank of Nanjing, and Bank of Zhengzhou also declined by 18.55%, 18.50%, and 17.32%, respectively. This marked differentiation reflects differences in banks' wealth management transformation and comprehensive financial service capabilities. Facing changes in the asset allocation structure of residents, whether the main line of wealth management can be grasped directly determines the performance of non-interest business. Xu Xueming, deputy governor of the Postbank, said that in a low interest rate environment, residents' demand for diversified financial management and asset allocation continues to be released, and whoever can actually change from “selling products” to “allocating” can stand out from the competition in the wealth market.

Currently, all 42 A-share listed banks have disclosed their 2026 semi-annual reports. The Securities Times reporter combed through financial reports and found that due to factors such as changes in the macroeconomic environment and continued narrowing of interest spreads, the overall performance of listed banks showed characteristics of both resilience and differentiation. It is worth noting that under the impetus of the entire industry to reduce debt costs and optimize credit pricing strategies, the net interest spreads of nearly half of the listed banks showed signs of a steady recovery, and inflection points at the management level gradually became apparent. According to data compiled by the Securities Times reporter, some banks' intermediary business bucked the trend and grew dramatically. For example, Bank of Ningbo's net revenue from fees and commissions surged 53.90% year over year; Changshu Bank, Bank of Qingdao, and Bank Sunong also achieved rapid growth of 39.15%, 32.66%, and 30.8%, respectively. The Cathay Pacific Haitong Securities research team believes that the differentiation between intermediary business and other non-interest income is an important characteristic of the current revenue structure of listed banks. In stark contrast to this, revenue from the intermediary business of some banks has declined sharply. The Bank of Xi'an's indicator plummeted by 42.35% year on year, while Bank of Changsha, Bank of Nanjing, and Bank of Zhengzhou also declined by 18.55%, 18.50%, and 17.32%, respectively. This marked differentiation reflects differences in banks' wealth management transformation and comprehensive financial service capabilities. Facing changes in the asset allocation structure of residents, whether the main line of wealth management can be grasped directly determines the performance of non-interest business. Xu Xueming, deputy governor of the Postbank, said that in a low interest rate environment, residents' demand for diversified financial management and asset allocation continues to be released, and whoever can actually change from “selling products” to “allocating” can stand out from the competition in the wealth market.