Which bank has a more stable closing

In the past two years, various banks have been striving for the differentiated transformation of wealth management, which has led to the ambush of banks in the middle income business, whether the performance of the capital market is sluggish or the consumer financial market is shrinking. However, there are still a few banks that have successfully passed through the historical cycle, and even now, they are still stable.

　　 1、 State owned banks are more stable, and joint-stock banks shrink significantly

In the first three quarters of 2023, among the 15 comparable national banks, the 5 banks with the largest year-on-year decline in central revenue are all joint-stock banks, of which Huaxia Bank 、 Industrial Bank The decline of middle income exceeded 30% ； In addition, Shanghai Pudong Development Bank, China Merchants Bank Everbright Bank The decline in the middle income of was also in double digits.

Among the banks with relatively stable performance in the first three quarters, state-owned banks include Bank of China, Postal Savings Bank and China Construction Bank. Wherein Postal Savings Bank Excluding the one-time factors affecting the transformation of net worth wealth management products in the same period last year, the growth rate was as high as 16%; The share line includes Zheshang Bank 、 Minsheng Bank 、 Ping An Bank 。

Among the listed city commercial banks, the net income of service charges decreased more significantly, Bank of Chongqing 、 Bank of Beijing 、 Bank of Guiyang The year-on-year decline in the revenue of, Bank of Xi'an 、 Bank of Nanjing 、 Bank of Shanghai 、 Qilu Bank 、 Bank of Hangzhou The year-on-year decrease of 。

　　 2、 Source of income differentiation

　　 Bank intermediary business includes investment banking business, asset management, interbank business, custody business, settlement and consulting business. One of the reasons for the steady performance of state-owned banks is that they have given full play to their group's multi license advantages and continued to make efforts in bond underwriting, consulting, wealth management, asset management, custody business, credit card and other consumer finance businesses , realize the rapid development of intermediary business in the process of helping customers' wealth growth.

　　 The Postal Savings Bank is the most prominent bank in China. In the first three quarters, the net income of postal savings bank charges and commissions was 23.715 billion yuan, an increase of 76 million yuan or 0.32% year on year. Excluding the one-time factor of the transformation of net worth wealth management products in the same period last year, the net income of service charges and commissions increased by 16.14% year on year, It is mainly to actively promote the transformation and upgrading of wealth management, comprehensively promote the company's new "1+N" operation and service system, and achieve rapid growth in income from wealth management, investment banking, trading banking and other businesses. At present, the proportion of medium income of Postal Savings Bank is still low, and there is still much room for improvement in the future.

　　 In addition, Bank of China The net income of handling charges and commissions was 63.173 billion yuan, an increase of 2.25 billion yuan or 3.69% year on year; bank for economic construction The net income of handling charges and commissions was 94.907 billion yuan, up 0.04% over the same period of the previous year. Among them, Service fees for bank card, agency business, settlement and clearing, etc. kept growing; Year on year decrease in revenue from asset management business 。

What are the difficulties faced by the central bank at present?

　　 The net income of service charges and commissions of Industrial Bank in the first three quarters fell by 30.36% year on year ， Mainly due to the drop in the scale of old wealth management products and the impact of capital market fluctuations on the year-on-year decline in the income of service charges of wealth management business ； CITIC Bank Net non interest income was 46.989 billion yuan, down 4.25% year on year. The bank said that it was mainly affected by market factors, Financial management service charges decrease At the same time, investment income and profit and loss from changes in fair value decrease.

　　 China Merchants Bank The net service charge and commission income was 67.027 billion yuan, down 11.52% year on year. In the third quarterly report, CMB mentioned that,

The income from wealth management fees and commissions was 24.049 billion yuan, down 6.02% year on year. Among them, the agency insurance revenue was 12.611 billion yuan, up 16.94% year on year, mainly due to the year-on-year increase in the sales volume and proportion of guarantee insurance; The income of agency funds was 4.084 billion yuan, down 22.81% year on year, mainly due to the decline in the size and proportion of equity funds with higher fees; The income from selling wealth management products on a commission basis was 4.029 billion yuan, a year-on-year decrease of 24.31%, mainly due to the year-on-year decrease in the scale of wealth management products and the decrease in the rate; The income of the agency trust plan was 2.501 billion yuan, down 22.14% year on year, mainly due to the decline in the scale of the agency trust; The income from proxy securities trading was 576 million yuan, down 20.11% year on year, mainly due to the continued downturn in the Hong Kong capital market and the decrease in stock trading volume. The income from asset management fees and commissions was RMB 8.674 billion, down 8.14% year on year, mainly due to the year-on-year decline in the management scale of CMB financial products. The custody fee income was 4.132 billion yuan, down 6.79% year on year, mainly due to the decline in equity public funds and financial custody. The income from bank card service charges was 14.551 billion yuan, down 8.62% year on year, mainly due to the decrease in offline transaction service charges of credit cards. The settlement and clearing commission income was 11.749 billion yuan, up 2.17% year on year, mainly due to the growth of electronic payment income.

It can be found that CMB's wealth management, bank card and custody service fees have all declined significantly, many of which are related to the capital market.

　　 Bank of Communications The net income of handling charges and commissions was 34.115 billion yuan, a year-on-year decrease of 779 million yuan, or 2.23%. As for the reasons for the year-on-year decline of net income from handling fees and commissions, Bank of Communications said that, Mainly due to the continuous impact of fluctuations in the capital market, the scale of related products and management fees decreased compared with the same period last year, and the income from wealth management business decreased year on year; At the same time, the income of investment banks decreased year on year due to factors such as intensified industry competition, continuous fee reduction and profit concession 。