Bank Of Chongqing(SH:601963)2023-11-06 08:21Group 1: Financial Support and Policies - Chongqing Bank emphasizes support for major projects and key industries in the Chengdu-Chongqing economic circle and the New Land-Sea Corridor, focusing on financing needs along trade routes and supply chains [1] - In the first half of the year, Chongqing Bank supported significant projects such as the Cuntan International Cruise Home Port and the Hangu Smart Manufacturing Industrial Park [1] - The bank has established a green approval channel and a parallel operation mechanism to enhance loan approval efficiency [1] Group 2: Digital Transformation Initiatives - Chongqing Bank is aligning with the "Digital Chongqing" initiative, focusing on enhancing digital infrastructure, digital credit, digital risk control, digital services, and digital management [3] - Key future tasks include reconstructing data foundations for retail, inclusive finance, and corporate lines, and developing a data asset operation platform [3] - The bank aims to implement a standardized digital credit decision-making mechanism to support rapid product innovation and effective risk control [3] Group 3: Net Interest Margin Management - The banking sector is facing pressure on net interest margins, with Chongqing Bank experiencing a slight narrowing of its net interest margin due to declining asset yields [3] - The bank plans to enhance net interest margin management by increasing credit investments in key national support areas such as green finance and high-tech manufacturing [3] - Strategies include adjusting deposit rates and improving service quality to enhance customer retention [3] Group 4: Personal Loan Growth - Following the introduction of new regulations for internet loans, Chongqing Bank has rapidly developed its online loan product "Jie e Loan," which has seen a growth of approximately 90% by the end of August compared to the beginning of the year [3]