Core Insights - The net interest margin of commercial banks in the first half of the year was 1.42%, showing a quarter-on-quarter decline of 1.3 basis points, with all types of banks experiencing a decrease, particularly state-owned banks which saw a drop of 1.8 basis points [1] - The competitive landscape in the banking sector has shifted towards stock competition and homogenization, leading banks to rely on relationships and interest rates, which is deemed an unhealthy long-term development model [1] - Major state-owned banks are accelerating their international business and exploring overseas markets to find new growth points amid intense domestic competition [1][2] International Business Development - Major banks, including China Bank, Construction Bank, and Industrial and Commercial Bank, have been actively promoting cross-border financial services and supporting enterprises going abroad [3] - Construction Bank reported serving nearly 110,000 foreign trade clients and achieving an international settlement volume exceeding $800 billion in the first half of the year, with cross-border RMB settlements surpassing 3 trillion yuan [4] - The focus on international business is becoming a key priority for major banks, with plans to enhance global competitiveness and service capabilities in line with national strategies [4][5] Small and Medium Banks' Internationalization - Smaller banks are also entering the international business arena, with several local banks holding meetings to promote trade financing and foreign exchange risk management products [6] - Dongguan Bank has established a wholly-owned subsidiary in Hong Kong, marking a significant step in the internationalization of local banks [7] - Analysts suggest that the international business landscape is dominated by large state-owned banks, while smaller banks primarily rely on their networks in Hong Kong and Macau [5][6] Growth in Overseas Business - Chinese listed companies achieved overseas business revenue of 3.83 trillion yuan in the first half of 2024, reflecting a year-on-year growth of 12.84% [8] - The international business and cross-border services are not yet the main revenue sources for banks, but there is potential for growth in retail and wholesale business development in overseas markets [8][9] - Commercial banks are increasingly focusing on cross-border retail business, with institutions like China Merchants Bank aiming to integrate into the global wealth management market [9]
净息差降至1.42%“第二增长曲线”何处寻？国有大行领衔 中资银行国际化布局悄然提速
智通财经网·2025-08-20 12:56