Core Viewpoint - The article discusses the challenges and opportunities for banks in China under a low interest rate environment, emphasizing the need for effective asset-liability management to ensure sustainable and stable operations in the banking sector [4]. Group 1: Positive Changes in Asset-Liability Management - The pricing behavior in the deposit market is gradually becoming more standardized, with the potential for a wider downward adjustment in deposit interest rates. Since the establishment of the market-oriented adjustment mechanism for deposit rates in 2022, banks have regularly lowered the upper limit of deposit rates, leading to a notable decrease in the average company deposit interest rate by 14 basis points to 1.68% in 2024 [6]. - The implementation of self-regulatory mechanisms has introduced measures to standardize deposit market pricing behaviors, such as prohibiting high-interest deposit solicitation and establishing a deposit bidding rate reporting mechanism [6]. Group 2: Challenges in Loan Market - The irrational competition in the loan market is expected to converge, with a potential slowdown in the downward trend of loan interest rates. From December 2019 to March 2025, the 1-year and 5-year LPRs decreased by 105 and 120 basis points, respectively, while the average interest rate on newly issued loans fell by 200 basis points, indicating excessive downward adjustments by banks [7]. - Regulatory authorities are intensifying efforts to manage "involution" in the banking sector, urging banks to set reasonable loan interest rates based on risk pricing principles. This includes ensuring that personal housing and consumer loan rates do not fall below certain thresholds [7].

截至2025年6月末，光大银行资产总额72386亿元，较上年末增长4.0%。其中，贷款总额40841亿元，较 上年末增长3.8%；基础贷款（不含贴现）39911亿元，较上年末增长5.6%，在资产中占比提升0.8个百分 点至55.1%。负债总额66414亿元，较上年末增长4.3%。其中，存款余额42532亿元，较上年末增长 5.4%；在负债中占比提升0.7个百分点至64.0%。资产负债结构均实现优化。 面对资产收益率持续下行、市场利率上行、客户有效需求不足等因素，光大银行持续加大负债成本管 控，促进负债成本改善、稳定息差利差水平。上半年，该行存款成本同比改善34BP，其中对公、零售 存款成本分别改善36BP、32BP，其他负债成本也改善明显；净息差为1.40%，与一季度持平。 新华财经北京8月29日电（记者吴丛司）光大银行29日发布2025年半年报显示，该行今年上半年实现营 业收入659.2亿元；实现净利润247.4亿元，同比增长0.5%，继续保持正增长。 在资产质量方面，截至2025年6月末，光大银行不良贷款率1.25%，与上年末持平；拨备覆盖率 172.47%；贷款拨备率2.15%；关注率1.80%，较上年 ...

Financial Data and Key Metrics Changes - Profit attributable to equity holders increased by 16.8% to HK$38.2 billion, with ROE rising to 11.6% [2] Business Line Data and Key Metrics Changes - The company actively managed assets and liabilities, achieving stable NIM performance while expanding fee income due to recovery in capital markets and the tourism industry [3] Market Data and Key Metrics Changes - The company noted that the global political and economic landscape is undergoing significant transformation, with uncertainties regarding interest rate cuts in major economies [4] Company Strategy and Development Direction - The company is focused on enhancing risk control, solidifying banking infrastructure, and expanding earning sources as part of its globalization strategy within the BOC Group [2] - The management emphasized the importance of transforming growth momentum and risk management in the banking industry moving forward [4] Management Comments on Operating Environment and Future Outlook - Management acknowledged the complex and severe operating environment but highlighted the effectiveness of recent economic stimulus policies in boosting social confidence and supporting economic recovery [4] Other Important Information - The company is currently controlling operating expenses while strengthening risk management [3] Q&A Session Summary Question: Inquiry about new shareholders return arrangement - Management received congratulations on excellent results, and the question pertained to the new shareholders return arrangement [6]