Nan Fang Du Shi Bao·2025-03-31 08:50Core Viewpoint - China Merchants Bank (CMB) has returned to a market value of over 1 trillion yuan, with total assets exceeding 12 trillion yuan, and plans to distribute cash dividends exceeding 50 billion yuan, solidifying its position among the top 1000 global banks [1][3]. Financial Performance - In 2024, CMB achieved operating income of 337.49 billion yuan, a year-on-year decrease of 0.48%, while net profit attributable to shareholders was 148.39 billion yuan, a year-on-year increase of 1.22% [3]. - The bank's non-performing loan (NPL) ratio stood at 0.95%, unchanged from the previous year, with a provision coverage ratio of 411.98% and a loan provision ratio of 3.92% [3]. Leadership and Management - Wang Liang, who has been with CMB for nearly 30 years, has taken on the role of president and CEO, emphasizing strategic continuity and operational stability following the abrupt departure of the previous president [7][9]. - Wang's leadership style is characterized by a clear understanding of business operations and a commitment to maintaining the bank's strategic direction amidst challenges [5][19]. Strategic Direction - CMB has introduced a "Value Bank" strategy, focusing on creating multi-dimensional value for customers, employees, shareholders, partners, and society [11]. - The bank aims to promote balanced development across four major business segments, leveraging the potential of retail finance, corporate finance, investment banking, and wealth management [11][12]. Talent Development - CMB is committed to enhancing its talent pool, establishing a dual-channel career development system, and fostering a high-quality professional workforce [24]. - The bank's employee count reached 117,201 by the end of last year, with an average salary of 581,000 yuan, reflecting its competitive position in the industry [21][22]. Risk Management - CMB's provision coverage ratio of 411.98% indicates a proactive approach to risk management, with a focus on maintaining stability in profitability while preparing for potential economic challenges [17][18]. - Wang has emphasized the importance of balancing liquidity, safety, and profitability in asset-liability management to navigate the current low-interest-rate environment [16].