On March 30, CM BANK held its 2025 performance briefing. President Wang Liang stated that the bank initiated a strategic transformation of its retail banking business in 2004. After more than 20 years of continuous effort, the bank has established a systematic advantage, with retail operations contributing over 50% of both revenue and profit. However, in recent years, new challenges have emerged: retail credit growth has declined sharply, while the contribution of retail credit cards to revenue and profit has also decreased. Additionally, wealth management business has faced growth gaps due to ongoing fee reductions in fund and insurance distribution.
How can the bank adjust its business and revenue structure to maintain sustainable development? Wang Liang emphasized the need for new approaches:
First, the bank will implement a strategy of balanced development across four key segments: retail finance, corporate finance, investment banking and financial markets, and asset and wealth management.
Second, the bank will accelerate its transformation in four key areas, particularly internationalization. The head office has proposed expanding cross-border business, overseas operations, and foreign exchange services as the main pillars of its international development strategy.
Third, the bank will implement a regional development strategy. In the past, the majority of CM BANK's profits came from three core cities: Beijing, Shanghai, and Shenzhen. In recent years, the bank has shifted its focus from these three core cities to three core regions as part of its regional development strategy.
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