Core Viewpoint - China Postal Savings Bank is transitioning from a phase of rapid expansion to a focus on deepening existing customer relationships and enhancing value through wealth management, marking a significant upgrade in its retail banking strategy [1] Group 1: Wealth Management Strategy - The bank has established a dedicated wealth management department, achieving a personal asset management (AUM) scale of 17.67 trillion yuan, a 5.87% increase from the previous year [1][7] - Wealth management has become a core link connecting 670 million retail customers, integrating inclusive finance with professional services [1][12] - The bank's wealth management strategy has led to a 47.89% year-on-year increase in wealth management service fee income [2][3] Group 2: Intermediate Business Income - The bank's intermediate business income reached 16.918 billion yuan, with an 11.59% year-on-year growth, outperforming peers [2][3] - Wealth management-related income has been a major contributor, with significant growth in service fees from wealth management and custody services [2][4] - The bank's focus on high-value areas such as investment banking and transaction banking has led to a structural optimization of income [3][4] Group 3: Customer Base and Channel Advantage - The bank serves over 670 million personal customers through nearly 40,000 outlets, providing a unique advantage in reaching rural and urban clients [6][7] - The integration of postal services with banking has allowed the bank to embed wealth management services into everyday life for customers [6][7] - The bank's customer segmentation strategy addresses diverse needs, offering tailored services for different customer groups [7][8] Group 4: Capital Strength and Efficiency - The bank raised 130 billion yuan through a targeted A-share issuance, enhancing its capital adequacy ratio to 10.52% [10][11] - Cost management initiatives have led to a reduction in agency fees and an improvement in the cost-to-income ratio, allowing for reinvestment in wealth management capabilities [11][12] - The bank aims to transition from a reliance on interest income to a diversified income model through enhanced capabilities in wealth management [11][12]

8月27日，中信银行（601998）（601998.SH/0998.HK）披露2025年上半年业绩报告。报告期内，该行实 现归属于本行股东的净利润364.78亿元，同比增长2.78%，展现出较强的盈利韧性。尽管营业收入为 1,057.62亿元，同比下降2.99%，但在复杂的外部环境下，中信银行仍保持了千亿的营收规模。 在资产质量方面，不良贷款率维持在1.16%，与上年末持平，拨备覆盖率为207.53%，虽较年初下降1.90 个百分点，但仍处于安全区间，显示出风险抵御能力较强。截至报告期末，中信银行不良贷款余额为 671.34亿元，较上年末增加6.49亿元，增幅为0.98%。这一数据表明，资产质量整体稳定，风险暴露可 控。 截至报告期末，中信银行资产总额达98,584.66亿元，较上年末增长3.42%，接近十万亿元大关；贷款及 垫款总额为58,019.00亿元，增长1.43%；客户存款总额达61,069.07亿元，增长5.69%。同时，该行拟将 2025年度中期分红比例提升至30.7%，并计划每10股派发现金股息1.88元（含税），进一步增强投资者 回报预期。2025年上半年，中信银行A股、H股股价分别上涨22 ...