Core Viewpoint - The narrowing of net interest margin (NIM) poses significant challenges to the sustainable development of the banking industry, reflecting a downward trend that has persisted for five consecutive years, with the average NIM of 58 listed banks dropping to 1.52% in 2024 and further declining to 1.43% in the first quarter of this year [1][2]. Factors Influencing NIM - Multiple factors contribute to the decline in NIM, including global economic growth challenges, asymmetric interest rate policies during active monetary policy implementation, intensified competition among banks leading to "price wars," and the differentiated impacts of banks' business structures and strategies [2][3]. Implications of NIM Decline - The decline in NIM affects not only the banking sector but also the overall stability of the financial industry. It necessitates banks to enhance asset-liability management strategies focused on NIM and capital returns, while also increasing pressure on capital replenishment for smaller banks [3][4]. Recommendations for Banks - Banks should improve asset-liability and cost-revenue management capabilities by optimizing their asset-liability structure and enhancing non-interest income through wealth management and other light-capital businesses. They should also focus on risk management capabilities to better handle macroeconomic fluctuations and reduce exposure to high-risk areas [4][5]. International Experience and Strategies - Internationally, banks facing NIM challenges have adopted common strategies, such as expanding into international markets to gain competitive advantages and optimizing regulatory policies to provide banks with the necessary space for transformation and adjustment [5][6].

Core Viewpoint - The narrowing of net interest margin (NIM) poses significant challenges to the sustainable development of the banking industry, reflecting a downward trend that has persisted for five consecutive years, with the average NIM of 58 listed banks dropping to 1.52% in 2024 and further declining to 1.43% in the first quarter of this year [1][2]. Factors Influencing NIM - Multiple factors contribute to the decline in NIM, including global economic growth challenges, asymmetric interest rate policies during active monetary policy implementation, intensified competition among banks leading to "price wars," and the differentiated impacts of banks' business structures and strategies [2][3]. Implications for the Banking Sector - The decline in NIM affects not only the banking sector but also the overall stability of the financial industry. It necessitates banks to enhance asset-liability management strategies focused on NIM and capital returns, while also addressing the capital replenishment pressures faced by smaller banks [3][4]. Strategic Responses - Banks are encouraged to improve asset-liability and cost-revenue management capabilities by optimizing their asset-liability structures and enhancing non-interest income through the development of wealth management and investment banking services [4][5]. - Strengthening risk management capabilities is essential for banks to navigate macroeconomic fluctuations and reduce exposure to high-risk areas [4][5]. International Experience and Recommendations - Internationally, banks facing NIM challenges have adopted common strategies, such as enhancing asset-liability management, increasing non-interest income, and improving risk management capabilities [4][5]. - Banks should also consider international expansion to tap into high-yield credit markets and support enterprises going abroad, while regulatory adjustments may be necessary to provide banks with the flexibility needed for transformation [5].

Group 1 - The core point of the article highlights that China Construction Bank's stock price experienced a decline of 2.08%, trading at 8.02 yuan per share with a transaction volume of 10.68 billion yuan as of 11:33 AM on July 31 [1] - China Construction Bank is a large commercial bank headquartered in Beijing, offering comprehensive financial services including corporate finance, personal finance, and asset management, while actively supporting national strategies and promoting key business developments in technology finance and green finance [1] - As of the first quarter of 2025, China Construction Bank reported total operating revenue of 185.99 billion yuan and a net profit of 83.351 billion yuan [1]