Wang Jian: The banking industry must strengthen the construction of intermediate income capacity

Zhongxin Jingwei, September 13 (Wang Lei) Wang Jian, chief financial analyst of Guoxin Securities, recently stated in the "Jingwei Hui Tan" program that in the first half of 2022, the banking industry performed halfway. Generally speaking, the profit growth rate returned to normal level. The balance rates such as adverse rates and attention rates are running at a low level, so there is no need to worry about risks. In the main business, banks must pay attention to fundamental changes in loan demand. At the same time, in terms of increasing the contribution of Chinese collection, for example, the future banking industry will be differentiated. For most small and medium banks, we should further increase the construction of wealth management business.

The quality of the assets of listed banks is good as a whole

"In the first half of the year, the bank's non -performing rate and other balance category indicators were running at a low level. I first gave us a reassurance." Wang Jian said, but the adverse generation rate indicator has picked up, reflecting the increase in the pressure of bad margins, especially some small and medium banks, especially some small and medium -sized banks More obvious. The impact of the epidemic is the most direct reason, and the increase in real estate market risks is also an important factor.

Wang Jian said that the interest guarantee multiplier as a reflection of the debt repayment capacity of industrial enterprises, which represents the ability of industrial enterprises to pay interest. It has stabilized and rebounded since this year, but some SMEs have declined. superior. Therefore, the overall pressure of bad production has increased. For example, the newly generated disadvantage of the preparation of the preparation of the preparation of this period is calculated to calculate that the preparation coverage indicator of similar traffic in the first half of the year is about 140%, which is declined compared to the same period of 2021.

"But the preparation and other risks to make up for the measures are sufficient." Wang Jian said that overall, the quality of banking assets still don't have to worry about it.

Challenges of loan demand change to the main business brings challenges

Wang Jian said that as the main business of banks, loans, in addition to risk indicators such as adverse rates, loan demand and supply are more important. In recent years, the decline in loan demand in traditional fields has become a significant trend. For example, some traditional manufacturing industries are gradually being eliminated, and the loan resources that have flowed out have been investing more in urban investment and infrastructure.

However, since last year, the government has increased the "blocking door and opening the main entrance", the local government's special bonds and general debt issuance have increased, and the crowding effect on the short demand for urban investment and local government financing platforms. At the same time, with the increase in measures such as economic downturn and reduction in expenses in recent years, the interest rates have also been generally declined, which has become a general pressure on the banking industry.

"Many banks have made a lot of loans in the field of urban investment and real estate in the past ten years. Its human resources, such as the professional level of customer managers, customer relationships may be piled up in these fields. As the demand for loans in these areas has fallen, these areas have fallen, and these are on these fields. Banks are a very big test. "Wang Jian said.

Wang Jian said, however, some exceptions were also seen in the first half of 2022. Some small and medium -sized banks have not invested in traditional fields such as urban investment and real estate in the past. They are positioned in small and medium -sized or small and medium manufacturing industries, and some will even make some relatively high -end manufacturing industries. Relatively stable, even to some rise.

"We still want to see some banks who can truly find the needs of Zheng'er Eight Scriptures from the real economy, and provide these companies with good financing support, of course, including other services support." Wang Jian said that it has assisted in fintech It provides enterprises with comprehensive financing services.

Wang Jian believes that from the perspective of the interim report, bank fintech investment empowering the effectiveness of the real economy, digital means gradually falling into practice, and some advanced banks have disassembled their technology team into various business bar lines. try.

"Some banks provide scientific and technological services for enterprises for free. Enterprises can put deposits such as deposit settlement and other businesses in this bank, leaving very valuable data in their transactions. Banks can further excavate corporate needs based on these data. It can also control corporate risks , Even if the company's operation is normal in advance, "Wang Jian said, especially after helping enterprises to build a digital system construction, many large banks have completed the function of exporting their own digital capabilities to society. This is a bank. This is a bank. This is a bank. The important progress of industry's gratifying progress in promoting the construction of digital China.

The banking industry must strengthen the construction of intermediate income capacity

In the first half of the year, the growth rate of income between listed banks had differentiated. Wang Jian said that overall, account management income in intermediate income settlement and other account management income gradually decreased due to reduction in expenses, so its proportion will not be very high in the future. In the wealth management business related to the capital market, the investment banking business is expected in the future.

"In contrast, many large banks in the West accounted for a high proportion, because it is a comprehensive bank, and there are many financial licenses. It can provide a series of services such as investment banks and asset management for technology companies. It can be provided to wealth management customers. "Wang Jian said that the current service of Chinese banking industry for science and technology enterprises is more traditional loans. In the future, it can expand comprehensive services and increase the income -based income space.

He believes that for personal businesses such as bank wealth management, the asset management business that returns to the true meaning is the mission and positioning given by the new rules of asset management. After the transition period of the new asset management regulations, in the first half of 2022, bank wealth management experienced a wave of net worth fluctuations, and also showed that the return of bank wealth management to the origin and the test of the market, but also exposed a core issue, that is, investor education must further go further. strengthen.

In the first half of the year, the "Great Wealth Management Business" was designated by many banks as the focus of the second half of the year. Wang Jian said that from the perspective The two are upstream and downstream, and generally form a "big wealth business". In his opinion, in the future, most small and medium -sized banks do not have the conditions for opening wealth management business. They will focus on wealth allocation business. Incorporate institutional products with financial management business qualifications into their sales product pools. According to their customers' needs, they provide customers with a package of financial products for customers Wealth planning and configuration services.

"Therefore, for most small and medium -sized banks, the more important thing is whether we can establish the professional ability of wealth management." Wang Jian said, "The high fluctuations of the retail business in the first half of this year have made us reflect on the retail sales in the past as the weak cycle. The correctness of the business. Especially the fund sales of the fund, when the capital market is good, the bank's sales income is good; but when the capital market is not good, not only the bank's agency sales revenue declines, but it must also suffer more customers to complain. This is the ideal of us. There is still a big gap in the big wealth management business. "

Wang Jian believes that it is the biggest challenge to do a good job in the construction of wealth management business. The ideal wealth management business is to help customers allocate assets and cross bulls.

"If the wealth management is finally made into a high fluctuation business, it brings a lot of trouble. It is not as good as the original deposit and loan business. In the process of business construction, the system construction and system construction must be further improved to increase the investment and professional team investment. (Zhongxin Jingwei APP)

This article is original by the Sino -Singapore Jingwei Research Institute, and the copyright of the Sino -Singapore Jingwei. Without written authorization, no unit or individual may be reprinted, extract or use in other ways.

Editor in charge: Sun Qingyang

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