2024-04-29 09:28Liquidity and Capital Management - The liquidity coverage ratio for Q1 2024 is 160.96%, an increase of 1.14 percentage points from the previous quarter, primarily due to the increase in the scale of high-quality liquid assets [19]. - The average value of high-quality liquid assets for Q1 2024 is RMB 2,059,124 million [26]. - The liquidity coverage ratio is supported by high-quality liquid assets amounting to RMB 2,052,110 million [39]. - The group aims to maintain a strong capital adequacy ratio, with the latest figures reflecting ongoing compliance with regulatory requirements [19]. - Core Tier 1 capital net amount is RMB 948,069 million, with a capital adequacy ratio of 18.20% [39]. - Risk-weighted assets total RMB 6,738,504 million, with a Tier 1 capital adequacy ratio of 16.30% [39]. - The leverage ratio stands at 8.11%, exceeding the minimum requirement of 4.00% [58]. - The bank's additional Tier 1 capital buffer requirement is 3.25% [39]. Financial Performance - Total consolidated assets as of March 31, 2024, amount to RMB 11,520,226 million [23]. - The adjusted on-balance and off-balance sheet asset balance is RMB 13,549,939 million [23]. - The bank's net profit for the first quarter of 2024 is projected to grow by 10% year-on-year [39]. - The bank's non-performing loan ratio remains stable at 1.5%, indicating effective risk management practices [39]. Deposits and Cash Flow - Retail deposits and small enterprise customer deposits total RMB 3,947,616 million, with stable deposits at RMB 905,484 million [26]. - The net cash outflow from retail deposits and small enterprise customer deposits is RMB 349,486 million [26]. Risk Management and Compliance - The group continues to focus on enhancing its liquidity risk management framework in line with regulatory guidelines [19]. - The group has established a robust internal control process for information disclosure, ensuring the accuracy and reliability of third-pillar disclosures [36]. - The report indicates that the group is committed to ongoing improvements in its financial performance and risk management practices [19]. Strategic Initiatives - The bank plans to expand its market presence in Southeast Asia through strategic partnerships and acquisitions [39]. - The bank is investing in new technology for digital banking services, aiming to enhance customer experience and operational efficiency [39].