招商银行行长王良：以10%为底线严控ROE 着力提升资本回报水平

Core Viewpoint - The profitability growth of China Merchants Bank has slowed down in recent years, but the annual dividend payout ratio remains at 35%, leading to an increase in retained earnings and net asset scale [2] Group 1: Profitability and ROE Management - The bank's return on equity (ROE) has shown a downward trend over the past two years due to the expansion of the denominator amid slowing profit growth [2] - The management is placing significant emphasis on ROE management and aims to enhance overall capital return levels [2] - The bank expects ROE to continue its downward trend but will strictly control it with a bottom line of 10% to ensure ideal returns for shareholders [2]