China Merchants Bank, the "leading player" in the joint-stock system, released its semi-annual report, with a profit of over 74.7 billion yuan in the first half of the year, and the sovereign wealth fund re-entered the top ten shareholder list

China Merchants Bank released its 2024 interim report, with revenue of 172.945 billion RMB, a year-on-year decrease of 3.09%; net profit of 74.743 billion RMB, a year-on-year decrease of 1.33%. The China Investment Corporation re-entered the top ten shareholders list, holding over 520 million shares, indicating continued attention from domestic and foreign investors. As of the end of the reporting period, total assets exceeded 11.57 trillion RMB, with total loans approaching 6.75 trillion RMB. Non-performing loan balance was 63.427 billion RMB, with a non-performing loan ratio of 0.94%. Wealth management business continued to deepen, with a 6.52% increase in the number of retail wealth product customers