王颖还指出，不管是循环利率还是分期利率，监管一直倡导的和要求的都是科学定价要求坚持风险定价 理念，收益覆盖成本原则，坚持服务实体经济，利率市场化防控风险等多目标内化于这个定价体系当 中，要求银行通过差异化定价不断提升市场竞争力。 此外，王颖表示，招商银行在经营实践当中也是严格贯彻监管要求，将分期和循环统一到上述科学定价 的原则之下，不断提升风险定价能力，健全定价管理体系。 【招商银行副行长王颖：#信用卡利率定价总体稳定#】新京报贝壳财经讯（记者姜樊）针对央行拟取 消"信用卡透支利率的上限和下限管理"的政策，招商银行副行长王颖在9月1日举行的2025年中期业绩发 布会上表示，未来信用卡利率定价总体稳定。 上周五，央行发布公告，拟对《电子支付指引（第一号）》等4件规范性文件进行修改，并向社会公开 征求意见，其核心内容为拟取消信用卡透支利率的上限和下限管理。 "在业务实践方面，目前信用卡的主要信贷利率构建在分期业务之上，信用卡各类分期业务历经20多年 的发展演进，银行已经形成了比较成熟的风险定价机制和经营模式，监管也已经就分期业务形成了非常 全面的规范体系。"王颖表示，这既包括利率定价规范，也包括消费者保护条例，广 ...

Core Insights - The retail credit sector is facing unprecedented challenges in both development and risk aspects this year, with no signs of a turning point in the rising risk trend [1] Development Challenges - The retail credit market has seen a significant decline in incremental growth due to various factors including market environment and credit demand [1] Risk Factors - The overall economic slowdown, downturn in the real estate market, declining household income levels, and reduced repayment capacity and willingness among customers are contributing to the rising risk trend in retail credit [1] Credit Card Insights - Credit cards, which have a more down-market customer base and higher sensitivity to risk, serve as a leading indicator for changes in retail credit risk [1] - The non-performing loan ratio for credit cards continues to show a clear upward trend, indicating that the risk in retail credit has been increasing since last year and is still being revealed [1]

王颖还指出，不管是循环利率还是分期利率，监管一直倡导的和要求的都是科学定价，要求坚持风险定 价理念，收益覆盖成本原则，坚持服务实体经济，利率市场化防控风险等多目标内化于这个定价体系当 中，要求银行通过差异化定价不断提升市场竞争力。 此外，王颖表示，招商银行在经营实践当中也是严格贯彻监管要求，将分期和循环统一到上述科学定价 的原则之下，不断提升风险定价能力，健全定价管理体系。 编辑 陈莉 校对 赵琳 新京报贝壳财经讯（记者姜樊）针对央行拟取消"信用卡透支利率的上限和下限管理"的政策，招商银行 副行长王颖在9月1日举行的2025年中期业绩发布会上表示，未来信用卡利率定价总体稳定。 上周五，央行发布公告，拟对《电子支付指引（第一号）》等4件规范性文件进行修改，并向社会公开 征求意见，其核心内容为拟取消信用卡透支利率的上限和下限管理。 "在业务实践方面，目前信用卡的主要信贷利率构建在分期业务之上，信用卡各类分期业务历经20多年 的发展演进，银行已经形成了比较成熟的风险定价机制和经营模式，监管也已经就分期业务形成了非常 全面的规范体系。"王颖表示，这既包括利率定价规范，也包括消费者保护条例，广大持卡客户都已经 普遍享有 ...

新京报贝壳财经讯（记者姜樊）9月1日，招商银行副行长兼财务负责人、董事会秘书彭家文在举行的 2025年中期业绩发布会上表示，银行今年手续费及佣金收入总体承压，最大的压力来自于信用卡业务收 入。 "信用卡收入与其交易相关联。上半年招行信用卡的交易量实际上突破了2万亿，比去年下降8.3%，但 信用卡交易的市场份额提升了0.3个百分点。"彭家文介绍，信用卡的交易量下行与当前整个消费市场增 速尚未恢复息息相关。这使招行信用卡收入负增长16%，而信用卡客户数在增加，这意味着每个客户的 户均消费、笔均消费金额有所下降，是信用卡收入负增长的主要原因。招行信用卡收入占比较高，因此 影响相对较大。 此外，彭家文介绍，招商银行财富管理收入三年以来首次实现增速转正，而且增速达到了11%以上。其 中，代销理财、代销信托、代销基金的收入增长均较快，成为今年上半年手续费及佣金收入的亮点。 编辑 陈莉 校对 刘军 ...

Core Viewpoint - The retail credit risk is on the rise, but the overall asset quality of the bank remains stable and controllable, with expectations of a slight increase in risk in the near term [1][2] Group 1: Retail Credit Risk - The bank's vice president, Wang Ying, indicated that the retail credit risk has increased, and there is no sign of a turning point in this trend [1] - Credit card customer segments are more sensitive to risks compared to retail credit, making credit card risk a leading indicator for retail credit risk changes [1] - The bank expects a slight increase in retail credit risk in the near future, but maintains that its asset quality is robust and manageable [1] Group 2: Asset Quality Assurance - The bank's assurance of retail credit asset quality is based on three main factors: a strong risk culture, a "three excellence strategy" focusing on quality customers, regions, and collateral, with 90% of loans adhering to this strategy [1] - Over 80% of the bank's retail loans are mortgage loans, providing a stable and sufficient collateral base, with low loan-to-value ratios [1] - The solid economic foundation of the country, supported by various government policies, is expected to improve the retail credit operating environment and shift competition towards technology and service quality [1] Group 3: Future Strategy - The bank aims to maintain its risk bottom line and ensure asset quality remains at the best level in the industry while enhancing its existing advantages in retail credit [2] - The bank will continue to strengthen the contribution of retail credit to its asset allocation as a stabilizing force [2]

北京商报讯（记者 孟凡霞 实习记者 周义力）9月1日，招商银行召开2025年中期业绩发布会。谈及"反 内卷"，该行行长王良表示，当前根据中央会议要求，各行各业都在开展"反内卷"。本次"反内卷"主要 以法制化、市场化手段来进行，与上一轮的供给侧改革既有相似之处，也有不同之处。他认为，从银行 的角度分析，这将有助于使市场秩序形成良性循环，有利于企业健康地发展，有利于控制资产质量风 险。 王良坦言，过去银行业存在过度竞争与恶性竞争现象，尤其体现在贷款定价、存款价格以及债券投资费 率等方面，部分竞争行为未遵循风险定价原则，甚至不计成本，既推高了风险，也违背了商业可持续性 原则。作为行业参与者，招行坚决拥护相关部门提出的"反内卷"要求，认真贯彻落实行业自律组织的部 署和要求。王良强调，招行有自觉性和主动性贯彻落实好"反内卷"的要求。 ...

9月1日，招商银行副行长兼财务负责人、董事会秘书彭家文在举行的2025年中期业绩发布会上表示，当 前银行今年手续费及佣金收入总体承压，最大的压力来自于信用卡业务收入。 "信用卡收入与其交易相 关联。上半年招行信用卡的交易量实际上突破了2万亿，比去年下降8.3%，但信用卡交易的市场份额提 升了0.3个百分点。"彭家文介绍，信用卡的交易量下行与当前整个消费市场增速尚未恢复息息相关。这 带来招行信用卡收入负增长16%，而该行信用卡客户数在增加，这意味着每个客户的户均消费、笔均消 费金额有所下降，这是信用卡收入负增长的主要原因。招行信用卡收入占比较高，因此影响相对较大。 此外，彭家文介绍，招商银行财富管理收入三年以来首次实现增速转正，而且增速达到了11%以上。其 中，代销理财、代销信托、代销基金的收入增长均较快，成为今年上半年手续费及佣金收入的亮点。 （贝壳财经） ...

Core Viewpoint - The key highlight from the mid-year performance meeting of China Merchants Bank is the significant growth in wealth management income, despite challenges in credit card revenue and other non-interest income sources [1] Group 1: Wealth Management and Income - The wealth management income has been identified as the biggest highlight for the first half of the year [1] - Credit card transaction volume exceeded 2 trillion yuan, but experienced a negative growth of 8.3% compared to last year [1] - The market share of credit card transactions increased by 0.3 percentage points [1] Group 2: Non-Interest Income Challenges - Other non-interest net income faced a decline of over 12% [1] - The decline in non-interest income is primarily attributed to financial market trading [1] - Although long and short-term interest rates decreased in the second quarter, short-term rates remain high [1]

Core Viewpoint - The risk situation of credit cards can serve as a leading indicator for changes in retail credit risk, with the current trend indicating a continued slight increase in retail credit risk in the near future, although the overall asset quality remains stable and controllable [1] Group 1: Credit Card Risk - The vice president of China Merchants Bank, Wang Ying, stated that the risk situation of credit cards is an important reference for retail credit risk changes [1] - Retail credit risk has shown a significant upward trend since last year, and the current risks are still being revealed [1] Group 2: Industry Perspective - From an industry perspective, there is no sign of a turning point in the upward trend of retail credit risk [1] - The bank anticipates that retail credit risk will continue to rise slightly in the near term [1] Group 3: Asset Quality - Despite the rising risks, the overall asset quality of the bank is described as stable and controllable [1]

中国招商银行高管：下半年仍然有信心实现手续费收入的逐季趋势向好。 ...