Xin Lang Cai Jing·2025-08-28 05:28Core Viewpoint - CITIC Bank's performance in the first half of 2025 reflects the effectiveness of its "Five Leading" banking strategy, with a focus on light capital transformation and stable growth in fee income despite industry challenges [1] Group 1: Financial Performance - In the first half of the year, CITIC Bank achieved fee income growth characterized by "multiple points of effort and structural optimization," with all major product categories showing positive growth except for credit card business, which was impacted by a decline in overall market transaction volume [1] - The credit card business generated revenue of 5.33 billion yuan, maintaining the second position among comparable peers, despite a year-on-year decline in income due to decreased transaction volume [1] Group 2: Strategic Initiatives - The stable growth in fee income is attributed to three core capabilities: leveraging CITIC Group's collaborative advantages to build a "commercial bank and investment bank collaborative ecosystem," enhancing comprehensive financing service capabilities; deepening large custody scenarios; and expanding wealth management services through group collaboration [1] - The bank anticipates multiple supporting factors for fee income growth in the second half of the year, including national policies aimed at expanding domestic demand, promoting consumption, and stabilizing the stock market, which are expected to boost capital markets and accelerate the trend of "deposit wealth management" due to declining deposit rates [1] Group 3: Long-term Strategy - CITIC Bank has been continuously developing itself into a leading wealth management bank and comprehensive financing bank, with these long-term strategies expected to demonstrate their value during the current market recovery [1] - The bank expresses confidence in maintaining stable fee income growth, supported by its asset organization capabilities driven by investment research and the collaborative advantages of the group [1]