Core Viewpoint - The report highlights the performance of China Construction Bank's credit card business, showcasing significant growth in card issuance, loan balances, and consumer spending, while also emphasizing the bank's strategic initiatives to stimulate consumption and support economic recovery [1][3][6]. Credit Card Business Overview - As of June 30, 2025, China Construction Bank issued a total of 129 million credit cards, serving 103 million customers [1]. - The bank's domestic credit card loan balance reached 1.05 trillion yuan, maintaining a leading position in the industry, with a retail loan proportion of 12% [3]. - The credit card utilization rate stood at 47% [3]. Consumer Spending - In the first half of 2025, the total transaction volume for credit card spending was 1.30 trillion yuan [6]. Retail Loan Structure and Performance - By June 30, 2025, the bank's total personal customer base was 777 million, with personal financial assets exceeding 22.04 trillion yuan [10]. - Domestic personal deposits amounted to 17.63 trillion yuan, reflecting an increase of 1.39 trillion yuan or 8.57% from the previous year [10]. - The bank's domestic personal loans and advances reached 9.10 trillion yuan, up by 231.77 billion yuan or 2.61% [10]. Strategic Initiatives - The bank has launched various consumer-oriented campaigns, such as the "Dragon Card Credit Card 66 Festival," focusing on popular consumption areas like dining, entertainment, and shopping [9]. - The "Jianxing Life" platform has registered 166 million users, facilitating over 140 billion yuan in personal loans, and contributing to a significant boost in consumer spending [11]. Loan Quality and Financial Performance - As of June 30, 2025, the non-performing loan ratio for domestic loans and advances was 1.31%, consistent with the previous year [13]. - The bank's total operating income for the first half of 2025 was 394.27 billion yuan, with a profit of 182.44 billion yuan [14].

Group 1 - The rise of national潮文化, including traditional Chinese clothing and cultural products, is gaining popularity among younger demographics [1] - China Construction Bank is actively supporting national潮 brands by providing financial assistance to enhance their cultural significance [1] - Shanxi Guanyu Culture Media Co., Ltd. has developed a comprehensive industry chain with over 1,000 IPs and 300 categories, becoming a representative animation enterprise in Shanxi [1] Group 2 - Xucun Town in Haining, Zhejiang Province, is a major production base for traditional Chinese fabric, with over 100 companies producing Ma Mian skirts and a daily output exceeding 30,000 meters [2] - The local fabric company has experienced a 5% year-on-year increase in order volume, attributed to the popularity of the "Xucun Ma Mian skirt" [2] - In Dongying, Shandong, a local artisan, Cui Guihua, has received financial support from China Construction Bank to increase the production of traditional tiger head shoes, which are recognized as a cultural heritage [3] Group 3 - The financial support provided to Cui Guihua includes an 800,000 yuan "personal operating mortgage quick loan" to enhance production capabilities [3] - The tiger head shoes have gained visibility through online platforms, significantly increasing inquiries and sales [3] - China Construction Bank plans to further assist in promoting the sales of tiger head shoes through platform activities [3]