Nan Fang Du Shi Bao·2025-09-10 09:49Core Insights - The leadership of Beijing Bank under Huo Xuewen has seen a decline in its position as the top city commercial bank, with Jiangsu Bank surpassing it in asset size and key performance metrics [1][3][11] Financial Performance - As of mid-2025, Beijing Bank's total assets reached 4.75 trillion yuan, a growth of 12.53% year-to-date, while Jiangsu Bank's total assets were 4.79 trillion yuan, with a year-on-year growth rate of 26.99% [2] - Beijing Bank reported operating income of 36.218 billion yuan, a year-on-year increase of 1.02%, and a net profit attributable to shareholders of 15.053 billion yuan, up 1.12% [2] - Jiangsu Bank's operating income was 44.864 billion yuan, with a year-on-year growth of 7.78%, and a net profit of 20.238 billion yuan, reflecting an 8.05% increase [2] Loan and Asset Quality - By the end of June, Beijing Bank's total loans and advances amounted to 2.39 trillion yuan, growing 8.18% year-to-date, while Jiangsu Bank's total loans reached 2.43 trillion yuan, a 15.98% increase [4] - Jiangsu Bank's non-performing loan ratio was 0.84%, the lowest in its history, with a provision coverage ratio of 331.02%, compared to Beijing Bank's non-performing loan ratio of 1.30% and coverage ratio of 195.74% [4] Strategic Focus - Huo Xuewen has emphasized technology finance and digital transformation as key strategies for Beijing Bank, aiming to enhance operational efficiency and profitability [5][6] - The bank's technology finance loans reached 434.6 billion yuan, with a growth rate of 19.31% year-to-date, and it aims to serve over 26,000 specialized and innovative enterprises [6] Regional Strategy and Risks - Jiangsu Bank's growth is attributed to its deep regional engagement, particularly in the Yangtze River Delta, but this has led to a reliance on this area, with 86% of its loans concentrated in Jiangsu province [9][10] - The rapid expansion of loans has put pressure on Jiangsu Bank's capital adequacy ratio, which has been declining, with a core Tier 1 capital adequacy ratio of 8.49% as of mid-2025 [10]