China Merchants Bank: Industry carries out anti-"involution" work under the guidance of regulatory authorities.

Management of China Merchants Bank stated that, under the guidance of regulatory authorities, the banking industry is also carrying out anti "involution" work, which can avoid disorderly and vicious competition, make pricing more rational, and help stabilize interest rate spreads. At the mid-term performance briefing, management of China Merchants Bank pointed out that, calculated on a quarterly basis, there is still downward pressure on interest rate spreads, but compared to the previous year, they hope to narrow the extent of the decline in interest rate spreads.