Bei Jing Shang Bao·2025-08-31 14:37Core Insights - Jiangsu Bank has surpassed Beijing Bank to become the largest city commercial bank in China, with total assets of 4.79 trillion yuan and a growth rate of 21.16% in the first half of 2025, compared to Beijing Bank's 4.75 trillion yuan and 12.53% growth rate [1][3][5] - The shift in leadership reflects a broader trend of differentiation within the city commercial banking sector, where 17 listed banks have formed a clear three-tier competitive structure [1][11] Group 1: Historical Context - Beijing Bank, established in 1996, held the top position in city commercial banks for many years, leveraging its geographical advantages and early market entry to grow from 354.22 billion yuan in 2007 to 4.75 trillion yuan [3][4] - Jiangsu Bank, founded later in 2007, has focused on regional economic development and retail banking, leading to significant growth in its asset scale [3][5] Group 2: Growth Trajectory - Jiangsu Bank's asset growth has accelerated in recent years, with total assets reaching 2.34 trillion yuan at the end of 2020, 2.62 trillion yuan in 2021, and 2.98 trillion yuan in 2022, ultimately surpassing Beijing Bank in 2025 [4][5] - In 2022, Jiangsu Bank achieved operating income of 70.57 billion yuan and net profit of 25.39 billion yuan, exceeding Beijing Bank's figures [5] Group 3: Business Strategy - Jiangsu Bank's rapid growth is attributed to its deep integration with regional economic development, particularly in sectors like smart manufacturing and new energy vehicles, which have generated strong deposit and credit demand [6][7] - The bank has shifted its focus from a broad retail strategy to targeting specific customer segments and industries, enhancing its competitive edge [7][11] Group 4: Financial Performance - As of mid-2025, Jiangsu Bank's corporate loans reached approximately 1.63 trillion yuan, with significant growth in manufacturing and infrastructure loans [7][8] - Retail deposits and assets under management (AUM) have also seen substantial increases, although credit card loan growth has declined [8] Group 5: Competitive Landscape - The city commercial banking sector is increasingly competitive, with Jiangsu Bank, Beijing Bank, Ningbo Bank, and Shanghai Bank forming the first tier, all exceeding 3 trillion yuan in assets [11] - Smaller banks are encouraged to adopt differentiated strategies and collaborate with larger institutions to enhance their market position [12][13]