Zhong Guo Xin Wen Wang·2025-08-30 09:01Core Insights - The four major state-owned banks in China reported a decrease in non-performing loan (NPL) ratios in the first half of 2025, indicating improved asset quality and stable operational performance [1][5] Group 1: Financial Performance - The net interest margins (NIM) of the four banks have narrowed due to factors such as the continuous decline in LPR rates and adjustments in mortgage rates [2] - The NIMs for the banks are as follows: ICBC at 1.3%, ABC at 1.32%, BOC at 1.26%, and CCB at 1.4% [2] - Banks are implementing measures to stabilize NIM levels, with expectations for marginal stabilization in the second half of the year [2] Group 2: Credit Structure Optimization - The four banks are focusing their credit resources on supporting the "five major areas" of finance, with a significant emphasis on technology-related sectors [3] - ABC reported a technology loan balance of 4.7 trillion yuan, with an increase of over 800 billion yuan and a growth rate exceeding 20% [4] - BOC plans to provide 1 trillion yuan in comprehensive financial support for the AI industry over the next five years [4] Group 3: Asset Quality Improvement - The overall asset quality of the four banks has improved, with a general decline in NPL ratios and sufficient provision coverage [5] - ABC's NPL ratio decreased to 1.28%, down 2 basis points from the beginning of the year [5] - BOC's management expressed optimism about the real estate market stabilizing due to supportive policies on both supply and demand sides [5]