Referring to the current challenges facing CMB, CMB Governor Wang Xiaoqing said that, on the one hand, they come from the common challenges faced by the banking industry. For example, in a low interest rate environment, there is pressure on banks' net interest spreads; against the backdrop of declining economic growth and changes in the financing structure of the whole society, demand for loans is weakening. The second aspect is a phased challenge due to the structural characteristics of China Merchants Bank. He said that CMB is a bank whose main focus is retail business, and big wealth management is one of its important advantages and characteristics. The phased retail business and retail assets face some challenges. On the one hand, as residents' balance sheets are in a phase of phased restructuring, deleveraging has occurred. On the other hand, the willingness and ability of some customers to repay in stages has also been affected. Third, in the context of market standardization, the risk of common debt is presented in stages, so the impact on CMB's structured, retail-oriented banks is relatively greater.

Referring to the current challenges facing CMB, CMB Governor Wang Xiaoqing said that, on the one hand, they come from the common challenges faced by the banking industry. For example, in a low interest rate environment, there is pressure on banks' net interest spreads; against the backdrop of declining economic growth and changes in the financing structure of the whole society, demand for loans is weakening. The second aspect is a phased challenge due to the structural characteristics of China Merchants Bank. He said that CMB is a bank whose main focus is retail business, and big wealth management is one of its important advantages and characteristics. The phased retail business and retail assets face some challenges. On the one hand, as residents' balance sheets are in a phase of phased restructuring, deleveraging has occurred. On the other hand, the willingness and ability of some customers to repay in stages has also been affected. Third, in the context of market standardization, the risk of common debt is presented in stages, so the impact on CMB's structured, retail-oriented banks is relatively greater.