2024年半年度中国银行业回顾与展望报告-行稳致远，行稳致远风物长宜放眼量

Investment Rating - The report does not explicitly state an investment rating for the banking industry but emphasizes a long-term positive outlook for the sector, suggesting that the trend of healthy development will continue [3][11][20]. Core Insights - The banking industry is facing a complex macroeconomic environment with both external and internal challenges, but the long-term positive trend remains unchanged [3][11][20]. - The report analyzes the performance of 58 banks, which account for approximately 84.60% of total assets and 90.38% of net profits in the Chinese banking sector [3][4]. - The banking sector is focusing on five key areas to support economic growth and manage risks effectively [15][16][20]. Summary by Sections Overview and Outlook - The macroeconomic environment is increasingly complex, with insufficient global economic growth and domestic demand [11][20]. - The banking sector is committed to implementing the central government's financial work meeting spirit and focusing on long-term development [3][11]. Operating Performance - Net profit growth for listed banks has slowed significantly, with an overall increase of only 0.30% year-on-year [19][25]. - The average return on assets (ROA) and return on equity (ROE) for banks have shown a downward trend, indicating a divergence in profitability among different types of banks [30][31]. - The net interest margin has continued to narrow, reaching a historical low of 1.54% [35][39]. Asset Composition - Total assets of listed banks reached 306.44 trillion yuan, growing by 4.27% compared to the end of the previous year [19][49]. - Customer loans increased to 172.85 trillion yuan, with a growth rate of 5.84% [52][55]. Asset Quality - The non-performing loan (NPL) balance increased by 4.85% to 2.26 trillion yuan, but the NPL ratio slightly decreased to 1.27% [19][25]. - Risk indicators are under pressure, with a focus on managing retail risks and improving asset quality [7][19]. Liabilities and Wealth Management - The total liabilities of listed banks grew by 4.29% to 282.22 trillion yuan [19][25]. - The growth rate of deposits has slowed, with a notable increase in retail and fixed-term deposits [8][19]. Capital Management - The implementation of new capital regulations has led to a general increase in capital adequacy ratios among listed banks [19][39]. Key Trends and Strategies - The banking sector is focusing on technology, green finance, inclusive finance, and digital finance to enhance service quality and support economic development [21][22]. - There is a need for banks to optimize their asset-liability management and enhance operational efficiency in a low-interest-rate environment [20][21].