China Merchants Bank Chairman Miao Jianmin: The important breakthrough for retail business in the future is wealth management

Miao Jianmin, Chairman of China Merchants Bank, stated at the 2025 annual performance release that the key breakthrough for future retail business is wealth management. He emphasized that the bank's core competitiveness lies in internalizing the "customer-centric" concept into corporate culture and transforming it into the daily behavior of employees. Miao Jianmin pointed out that corporate culture is the core factor supporting all moats, and the reason why China Merchants Bank can outperform the market during the banking industry's downturn is precisely this culture. In the future, China Merchants Bank will focus on asset quality improvement, liability consolidation, and enhancement of wealth management