2 1 Shi Ji Jing Ji Bao Dao·2025-08-29 15:01Core Insights - The commitment to shareholder value emphasizes that being a shareholder of the Industrial and Commercial Bank of China (ICBC) should be a positive experience [2] - The growth philosophy highlights a balanced approach to transformation and high-quality development, suggesting that steady growth may be the most effective strategy [2] - The bank positions itself as a major player in the market, reflecting the growth of the Chinese economy accurately [2] Financial Stability and Strategy - ICBC sees itself as a stabilizing force in the financial system, indicating that excessive speed in operations could undermine its stabilizing role [2] - The bank's operational logic suggests that it aligns closely with the national economy, adjusting strategies to ensure steady progress rather than pursuing extraordinary growth rates [2] - Interest income is identified as the primary revenue source, likening it to the bank's "staple food" [2] Investment and Business Positioning - The bank's A/H share dividend yields of approximately 4.2% and 5.8% are considered attractive compared to long-term funding costs and other investment products, making it a viable investment option [2] - Domestic branches are viewed as the main base for stability, while internationalization and diversification are seen as new growth avenues [2] - The bank's international and comprehensive strategies are essential for navigating low interest margin environments and better serving the new economic development framework [2] Economic Reflection - The bank's balance sheet is expected to reflect a trajectory aligned with China's high-quality economic transformation, aiming for solid progress in its annual performance [3]