Core Viewpoint - China Construction Bank (CCB) reported solid mid-year performance with key operating indicators stabilizing and improving, achieving operating income of 385.9 billion yuan, a year-on-year increase of 2.95% [2][6] Group 1: Financial Performance - CCB's net fee and commission income reached 65.2 billion yuan, up 4.02% year-on-year [6] - Pre-provision profit was 290.1 billion yuan, reflecting a 3.37% increase compared to the previous year [6] - The provision coverage ratio improved to 239.4%, an increase of 5.8 percentage points from the end of the previous year [6][11] Group 2: Strategic Goals - CCB's strategic framework is anchored on "Three Stability, Three Optimization, and Three Control" [4][3] - The bank aims to adapt to a low-interest-rate environment while achieving stable growth and quality improvement [4][3] Group 3: Asset and Liability Management - Total loans amounted to 27.44 trillion yuan, a 6.2% increase from the end of the previous year [4][7] - Financial investments reached 11.77 trillion yuan, growing by 10.17% [4][7] - Total deposits were 30.47 trillion yuan, reflecting a 6.11% increase [4][7] Group 4: Income Structure Optimization - Non-interest income accounted for over 25% of total revenue, with net fee income comprising 16.9% of total revenue, an increase of 0.7 percentage points [8] - Wealth management, investment banking, and transaction banking contributed over 60% of fee income [8] Group 5: Risk Management - CCB's non-performing loan ratio stood at 1.33%, a slight decrease of 0.01 percentage points from the previous year [11] - The ratio of special mention loans decreased to 1.81%, down 0.08 percentage points [11] - The core tier one capital adequacy ratio was 14.34%, indicating strong capital levels compared to peers [11] Group 6: Future Outlook - CCB plans to enhance customer service by focusing on private and corporate banking, particularly in areas supported by national policies [10] - The bank aims to improve wealth management and corporate financing services to increase fee income [10]