AGRICULTURAL BANK OF CHINA(SH:601288) 2 1 Shi Ji Jing Ji Bao Dao·2025-09-11 13:09Core Insights - The share of inclusive finance business by large commercial banks continues to increase, while the market share of rural financial institutions is declining [1][2] - The transition of inclusive finance development in China is moving from "incremental expansion" to "high-quality development" [2][3] Summary by Category Inclusive Finance Market Share - As of the end of Q2 2024, large commercial banks accounted for 45.11% of inclusive micro-enterprise loans, while rural financial institutions' share dropped to 25.86% from 27.38% in Q1 2023 [1] - The average growth rate of inclusive micro-enterprise loans has been slowing down, with growth rates of 30.9%, 24.9%, 23.6%, 23.3%, and 14.7% from 2020 to 2024 respectively [1] Regulatory Changes - Recent regulatory documents emphasize the shift towards high-quality development, moving away from rigid quantity targets [2][3] - The 2023 and 2024 notifications from the financial regulatory authority focus on maintaining volume, stabilizing prices, and improving structure, with an added emphasis on quality in 2025 [2] Performance of Major Banks - Agricultural Bank of China leads in inclusive micro-enterprise loans with a balance of 3.82 trillion yuan, followed closely by China Construction Bank at 3.74 trillion yuan [4] - Agricultural Bank's loan balance growth rate is 18.50%, the highest among major banks, with other banks like Industrial and Commercial Bank of China and China Construction Bank also showing strong growth rates [4][5] Customer Base and Service Innovations - Agricultural Bank has the highest number of inclusive micro-enterprise loan customers at 520.84 million, reflecting a significant increase [5] - The bank is innovating its service offerings by leveraging AI technology and enhancing its online service platforms [6] Asset Quality Focus - Several banks are prioritizing the improvement of asset quality in their inclusive micro-loan portfolios, with specific strategies tailored to their customer bases [8][9] - Agricultural Bank reported that its inclusive loan and credit card non-performing loan rates are among the best in the industry [10][11]