Sou Hu Cai Jing·2025-08-29 15:44Core Viewpoint - Construction Bank reported a stable performance in the first half of 2025, with a focus on maintaining net interest margin and supporting consumer loans through new subsidy policies [1][2][3][4][5] Financial Performance - As of June 30, 2025, Construction Bank achieved operating income of 385.9 billion yuan, a year-on-year increase of 2.95% [1] - Net profit for the first half of the year was 162.6 billion yuan, with a net interest margin (NIM) of 1.40% [1][2] - The bank's capital adequacy ratio stood at 19.51%, indicating a strong capital position [1] Net Interest Margin Management - The bank is actively managing its asset-liability structure and pricing strategies to maintain a reasonable net interest margin [2] - The NIM decreased by 1 basis point quarter-on-quarter in Q2, but the bank remains confident in maintaining a competitive position among peers [2] Consumer Loan Policies - Recent subsidy policies for personal consumption loans and service industry loans are expected to lower borrowing costs and stimulate credit flow into consumer sectors [3] - The bank aims to enhance customer experience and streamline processes to support genuine consumer demand [3] Housing Loan Business Outlook - The bank anticipates better performance in housing loans this year compared to last year, supported by government policies aimed at stabilizing the real estate market [4][5] - The bank is adapting to changes in the housing market, particularly the increasing share of second-hand home transactions, by refining its service offerings [4]