Di Yi Cai Jing·2025-09-01 07:50Group 1 - The core viewpoint indicates that retail credit risk has been on the rise since last year, with no signs of a turning point in the near future, as stated by the Vice President of China Merchants Bank, Wang Ying [1] - The overall asset quality of China Merchants Bank remains stable and controllable despite the increasing retail credit risk, with a retail non-performing loan (NPL) balance of 37.71 billion yuan and an NPL ratio of 1.03% as of June 30, which is 0.07 percentage points higher than the end of last year [1] - The newly generated NPLs primarily stem from retail business, with a total of 32.72 billion yuan in new NPLs generated in the first half of the year, reflecting a year-on-year increase of 749 million yuan [1] Group 2 - The balance of retail loans at China Merchants Bank reached 3.61 trillion yuan as of June 30, marking a 0.94% increase from the end of last year, while excluding credit cards, the balance grew by 2.16% to 2.68 trillion yuan [2] - The bank's operating income was 96.19 billion yuan, a year-on-year growth of 0.26%, and the pre-tax profit was 52.036 billion yuan, reflecting a 1.64% increase year-on-year [2] - Despite external market challenges such as the rise of third-party payments and adjustments in the real estate market, China Merchants Bank's retail business continues to grow, maintaining a strategic commitment across all segments [2]