Yan Meizhi, head of Asian financial institution industry research at UBS, said in the China Banking Industry Report that in the first half of 2026, unsecured consumer credit in China contracted for the first time. Credit card loans and online loans were the main drag, while bank consumer loans increased. UBS expects overall unsecured consumer credit to shrink in 2026, remain flat in 2027, and increase slightly by 1% each year from 2028. She said that the focus of Chinese banks' provisions is shifting from real estate to consumer credit. Stress tests on the Chinese banking industry show that the possibility of additional provision is low. Therefore, it is expected that the bank's dividend per share will remain resilient and may even rise.

Yan Meizhi, head of Asian financial institution industry research at UBS, said in the China Banking Industry Report that in the first half of 2026, unsecured consumer credit in China contracted for the first time. Credit card loans and online loans were the main drag, while bank consumer loans increased. UBS expects overall unsecured consumer credit to shrink in 2026, remain flat in 2027, and increase slightly by 1% each year from 2028. She said that the focus of Chinese banks' provisions is shifting from real estate to consumer credit. Stress tests on the Chinese banking industry show that the possibility of additional provision is low. Therefore, it is expected that the bank's dividend per share will remain resilient and may even rise.