ICBC(SH:601398) Zheng Quan Shi Bao·2025-07-31 21:29Core Viewpoint - Industrial and Commercial Bank of China (ICBC) has become the first state-owned bank to announce measures to address "involution" competition, signaling a shift in the banking industry towards stabilizing economic policies and enhancing risk management [1][2]. Group 1: ICBC's Initiatives - ICBC held a meeting on July 30, 2023, to outline its operational priorities for the second half of the year, emphasizing the need to implement economic policies and address "involution" competition [1]. - The meeting was attended by representatives from various regulatory bodies, indicating a strong governmental backing for the initiative [1]. Group 2: Industry Implications - The move by ICBC is expected to have a significant demonstration effect on other state-owned banks, potentially leading to a broader industry shift towards reducing "involution" competition [2]. - The initiative may help lower the intensity of price wars, creating a more equitable competitive environment for smaller banks [2]. - It is anticipated that the competition logic in the banking sector will shift from "scale and cost" to "service and innovation," encouraging smaller banks to enhance their risk management and operational efficiency [2]. Group 3: Short-term Challenges - Some smaller banks that heavily rely on pricing strategies may face transitional difficulties due to the "anti-involution" measures [3].