Core Viewpoint - The article highlights a significant shift in the ranking of city commercial banks in A-shares, with Jiangsu Bank surpassing Beijing Bank to become the largest by total assets, marking a new phase of competition focused on quality and stability after the scale competition [3][4]. Asset Scale Ranking Update - Jiangsu Bank's total assets reached 4.79 trillion yuan, a year-on-year increase of 26.99%, surpassing Beijing Bank's 4.75 trillion yuan [6]. - Beijing Bank had maintained its leading position since its listing in 2007, but Jiangsu Bank has rapidly closed the gap over the past three years, ultimately achieving a lead in 2025 [6][12]. Profitability Comparison - Jiangsu Bank has consistently outperformed Beijing Bank in profitability metrics since 2022, with a net profit of 202.38 billion yuan in the first half of 2025 compared to Beijing Bank's 150.53 billion yuan [7][9]. - Despite the growth in revenue, Jiangsu Bank faces challenges with its capital adequacy ratios, which are at 12.36% for total capital, 11.17% for tier 1 capital, and 8.49% for core tier 1 capital, placing it in the middle to lower range among listed banks [7][8]. Industry Segmentation - The 17 city commercial banks have formed a clear three-tier structure, with Jiangsu and Beijing Banks in the first tier, followed by Ningbo and Shanghai Banks in the second tier, and a mix of performance in the third tier [12][13]. - The third tier shows significant internal differentiation, with some banks like Chongqing Bank and Xi'an Bank performing well, while others like Guiyang Bank and Xiamen Bank are experiencing negative growth in revenue [12][13]. Challenges in Non-Interest Income - Many banks reported a significant decline in fair value changes, attributed to fluctuations in the bond market, which directly impact their non-interest income [14]. - Jiangsu Bank's investment income decreased by approximately 1.25 billion yuan, and its fair value change net income dropped by 22.72% in the first half of 2025 [11][14].