Core Viewpoint - The article discusses the recent developments at Minsheng Bank, including changes in its shareholder structure, strategies for managing non-performing assets, and the bank's approach to revenue and net interest margin challenges. Shareholder Changes - New shareholders have emerged, with New Hope Group becoming the second-largest shareholder after increasing its stake through the secondary market [2][3] - The exit of the "Pan Ocean" group as a major shareholder has been confirmed, with their holdings reduced to just one share [3][4] - Longcheng Asset Management has also become a significant shareholder, holding over 3% of the bank's shares and nominating a representative for the board [2][3] Non-Performing Asset Management - Minsheng Bank has adopted a cash recovery-first strategy for handling non-performing assets, utilizing litigation and asset disposal methods [4][5] - From 2021 to 2024, the bank disposed of non-performing assets totaling 344.6 billion, achieving cash recoveries of 95.3 billion, with a cash recovery rate of 27.7% [4] - The bank reported a loan balance of 76.4 billion from the Oriental Group, with ongoing litigation expected to have limited financial impact [4][5] Revenue and Net Interest Margin Strategies - The bank's management acknowledged challenges in sustaining revenue growth and net interest margin due to a low-interest environment [6][7] - The bank's first-quarter net interest margin was reported at 1.41%, showing a year-on-year increase of 3 basis points [7][8] - The bank is focusing on long-term strategies, including optimizing asset-liability structures and enhancing customer experience to improve profitability [6][7] Retail Banking and Wealth Management - Retail banking is prioritized as a long-term strategic focus, with significant growth in retail business income and a 17% increase in average daily demand deposits [9][10] - The bank's wealth management business has seen over 30% growth in intermediary income, emphasizing a stable and trustworthy investment approach for clients [10]

Core Viewpoint - Shanghai Bank has achieved a "double decline" in non-performing loan (NPL) ratio and balance for 2024, while also addressing challenges related to net interest margin and focusing on growth in technology, inclusive, and green finance [1][2][3][4]. Group 1: Non-Performing Loans - Shanghai Bank has seen a year-on-year decline in non-performing loan ratio and balance, attributed to enhanced credit risk management and a focus on resolving existing risks, maintaining an annual resolution scale of over 20 billion yuan [1][4]. - The bank has implemented a data-driven risk management system to further reduce the generation rate of non-performing assets [1]. Group 2: Net Interest Margin - The bank anticipates continued pressure on net interest margin due to expected monetary policy stability and declining market interest rates, leading to a decrease in the yield on interest-earning assets [2]. - Strategies to counteract this include improving the asset-liability structure and managing deposit pricing to lower interest-bearing liabilities [2]. Group 3: Financial Services and Growth Areas - In Q1 2025, Shanghai Bank reported significant growth in loans for technology finance (64.6 billion yuan), inclusive finance (52.6 billion yuan), and green finance (19.1 billion yuan), with year-on-year growth rates of 26.48%, 6.17%, and 10.05% respectively [3][4]. - The bank is committed to supporting the real economy and diversifying its financial service offerings in alignment with national strategic directions [3]. Group 4: Dividend Policy - Shanghai Bank has increased its cash dividend payout ratio to 31.22% for the 2024 fiscal year, with plans to maintain a minimum of 30% in cash dividends over the next three years [3][4].