2 1 Shi Ji Jing Ji Bao Dao·2025-09-01 11:04Core Viewpoint - The banking industry is undergoing a transformation focused on "anti-involution," emphasizing high-quality development and avoiding excessive competition, as highlighted by recent statements from bank executives and regulatory bodies [1][2][6]. Group 1: Industry Trends - The term "anti-involution" has been officially recognized in the banking sector, with the People's Bank of China addressing it in their monetary policy report, indicating a shift in focus from external shocks to internal structural adjustments [1][2]. - Bank executives are increasingly using terms like "high-quality development," "stability," and "reasonable scale control," reflecting a consensus on moving away from scale-driven growth [1][6]. Group 2: Strategic Responses - Banks are adopting differentiated strategies to combat involution, such as optimizing asset structures and implementing rational pricing mechanisms. For instance, Minsheng Bank emphasizes deepening customer relationships and sustainable development [3][4]. - Industrial and Commercial Bank of China (ICBC) has implemented a "balanced pricing" strategy to stabilize net interest margins while supporting market operations [4]. Group 3: Non-Interest Income Focus - Non-interest income is becoming a critical area for banks to enhance revenue structures and reduce reliance on traditional lending. For example, ICBC reported a non-interest income of 95.5 billion yuan, with significant contributions from wealth management and other services [9][10]. - Agricultural Bank of China is innovating in the non-interest sector by developing comprehensive services for the elderly, showcasing a shift towards diversified revenue streams [11][12]. Group 4: Quality Over Quantity - The consensus among banks is shifting from a focus on scale to prioritizing quality and efficiency in growth. This is evident in the performance metrics shared by various banks, indicating a commitment to sustainable and quality-driven growth [6][7]. - The concept of "uniform speed balance" proposed by ICBC's president highlights the importance of stable growth over aggressive expansion, aiming to enhance the efficiency of capital allocation [8].