券商中国·2025-07-31 15:27Core Viewpoint - Industrial and Commercial Bank of China (ICBC) has publicly committed to addressing "involution" in the banking sector, marking a significant stance among state-owned banks [1][2][3] Group 1: ICBC's Initiatives - ICBC's mid-year meeting emphasized the need to combat "involution-style" competition and to implement policies that stabilize the economy [3] - The bank aims to enhance service quality and foster new growth drivers while adhering to self-regulatory management [3] - ICBC's leadership is expected to set a precedent for other state-owned banks to follow suit in addressing "involution" [3][5] Group 2: Industry Response - Other banks, including Ping An Bank and Guangfa Bank, are also initiating measures against "involution" in their mid-year meetings [6][7] - The banking sector has been suffering from irrational price wars and risk management failures, leading to a call for more balanced competition [7] - Analysts suggest that the shift initiated by ICBC could create a more equitable competitive environment for smaller banks [3][4] Group 3: Regulatory Actions - Regulatory bodies are increasingly focusing on curbing "involution" through enhanced supervision and self-regulatory measures [9][10] - The Guangdong Financial Regulatory Bureau has introduced a negative list for "involution" practices and is promoting self-regulatory agreements among financial institutions [11] - Future efforts are expected to combine regulatory oversight with industry self-discipline to foster healthy competition [11]