证券时报·2025-07-31 15:00Core Viewpoint - Industrial and Commercial Bank of China (ICBC) has publicly committed to addressing "involution" competition, marking a significant stance among state-owned banks [1][3][5]. Group 1: ICBC's Commitment to Address Involution - ICBC is the first major state-owned bank to explicitly state its intention to combat "involution" during its mid-year management meeting [2][4]. - The bank's president, Liu Jun, emphasized the need for self-regulation and a refusal to engage in price wars, highlighting the importance of maintaining a healthy competitive environment [2][6]. - The move is seen as a strong signal of the bank's determination to lead the industry in addressing the issue of "involution" [3][5]. Group 2: Industry Implications - The announcement from ICBC is expected to have a significant demonstration effect, potentially prompting other state-owned banks to follow suit in combating "involution" [7][11]. - The shift is anticipated to create a more equitable competitive landscape for smaller banks, reducing the intensity of price wars and encouraging a focus on service and innovation [8][9]. - The banking sector has been struggling with "involution," characterized by irrational price competition and risk management failures, which have eroded profitability and increased financial risks [12][13]. Group 3: Regulatory Support - Regulatory bodies are increasingly focused on addressing "involution" within the financial sector, with recent statements indicating a commitment to enhance supervision and management [15][18]. - The Guangdong Financial Regulatory Bureau has initiated measures to combat "involution," including the establishment of a negative list for improper competition and self-regulatory guidelines [17][18]. - Future efforts are expected to involve a combination of regulatory oversight and industry self-regulation to foster a healthier competitive environment [18].