Zhejiang Commercial Bank Assistant President Hou Bo: Since August, credit demand and issuance have significantly improved

Hou Bo, Assistant President of CZBANK, stated at the bank's Q3 2025 performance briefing that in line with the overall trend, credit issuance has slowed since the second quarter following the release of the "New Year Opening" reserve projects. The bank has increased mobilization efforts, further clarified asset allocation logic and key investment directions, and timely introduced supporting policies. Since August, credit demand and issuance have shown significant improvement. The bank is fully transitioning to a "low-risk, balanced return" model, focusing on optimizing the four major structures of loan terms, regions, industries, and customer groups. In terms of regional focus, the bank concentrates on deepening its roots in its home base of Zhejiang, as well as economically developed areas such as the Yangtze River Delta, Pearl River Delta, and Bohai Rim. In terms of industry focus, it emphasizes five major areas: strategic emerging industries, technology finance, green finance, inclusive finance, and others. Regarding products and terms, the bank is increasing its focus on personal housing mortgages and project loans as medium to long-term assets