Di Yi Cai Jing·2025-09-01 12:30Core Insights - The rapid expansion of city commercial banks has led to concerns about capital adequacy ratios and the "broad planting, thin harvesting" phenomenon [2][5] - Jiangsu Bank has overtaken Beijing Bank to become the largest city commercial bank by total assets, reaching 4.79 trillion yuan, a 26.99% year-on-year increase [4][8] - The banking industry is increasingly showing a clear differentiation, with 17 city commercial banks forming three tiers, where leading banks continue to expand steadily while some lagging banks face negative growth [2][9] Asset Scale Rankings - Jiangsu Bank's total assets reached 4.79 trillion yuan, surpassing Beijing Bank's 4.75 trillion yuan, marking a significant shift in the rankings [4][5] - Beijing Bank had maintained its leading position since its listing in 2007, but Jiangsu Bank has accelerated its growth in recent years, closing the gap significantly [4][9] - The asset scale of Jiangsu Bank has increased significantly due to high growth in non-loan assets, with derivatives and financial investments growing by 23.1% and cash and deposits with the central bank increasing by 37.8% [9][12] Profitability Comparison - Jiangsu Bank has consistently outperformed Beijing Bank in terms of revenue and net profit since 2022, with the latest figures showing Jiangsu Bank's revenue at 448.64 billion yuan and net profit at 202.38 billion yuan for the first half of the year [5][8] - The profitability of banks in the third tier shows significant variation, with some banks experiencing negative growth in revenue and net profit [11][12] Capital Adequacy Ratios - As of June, Jiangsu Bank's capital adequacy ratio was 12.36%, which is below the industry average, indicating potential risks associated with its rapid expansion [5][6] - Comparatively, Beijing Bank's capital adequacy ratio stood at 13.06%, while other banks like Ningbo Bank and Shanghai Bank reported higher ratios of 15.21% and 14.62% respectively [6][12] Market Trends - The shrinking of fair value changes in earnings has become a common issue among city commercial banks, largely due to fluctuations in the bond market [12] - The differentiation among city commercial banks is becoming more pronounced, with the top tier consisting of Jiangsu Bank and Beijing Bank, while the second tier includes banks like Nanjing Bank and Hangzhou Bank [10][11]