Xin Lang Cai Jing·2026-03-30 03:18Core Insights - The chairman of China Merchants Bank, Miao Jianmin, emphasized that the bank's investment in developing smart banking is aimed at optimizing resource allocation, which minimizes the impact on the input-output ratio compared to other companies that may suddenly increase capital expenditures [1][2] Group 1: Investment Strategy - China Merchants Bank has been consistently investing in artificial intelligence, which is not starting from scratch, thus the impact on input-output ratio is minimal [1] - The bank's approach to resource allocation allows for increased investment in AI without significant disruption [1] Group 2: Competitive Landscape - Miao Jianmin highlighted that the future differentiation in the banking industry will occur in two areas: operational and technological [2] - The bank has established a strong core competitiveness in the operational domain and aims to build a technological moat to maintain long-term competitiveness amid industry challenges [2]