BANK OF CHINA(601988) 新华财经·2025-03-26 15:53Core Viewpoint - China Bank's overdue loan growth has shown signs of moderation since the second half of 2024, with overall non-performing loan (NPL) generation remaining stable, although certain sectors are under pressure [2][3]. Group 1: Non-Performing Loans and Asset Quality - As of the end of 2024, China Bank's NPL ratio stands at 1.25%, a decrease of 0.02 percentage points from the previous year, while the provision coverage ratio has increased by 8.94 percentage points to 200.60% [2]. - The real estate sector continues to be the largest contributor to new domestic NPLs, but the risk is gradually being cleared, showing a year-on-year decline [2]. - Personal business loans and mortgage loans have seen a year-on-year increase in new NPLs, indicating ongoing asset quality pressure [2][3]. Group 2: Risk Management and Future Outlook - Looking ahead to 2025, the primary risk management pressures for China Bank are expected to stem from the ongoing adjustment in the real estate market and structural employment issues [2][3]. - The bank plans to enhance credit risk management across all dimensions and cycles, focusing on proactive risk management and intelligent transformation [4]. - China Bank aims to adhere to the "four early" principles to strengthen risk foresight and management, while also addressing the challenges posed by the diversification and small-scale nature of non-performing assets [4].