On November 2, financial news from the front line, China Merchants Bank held a financial exchange meeting for the third quarter of 2026 today. Peng Jiawen, the deputy governor and head of finance, said that net interest spreads in the banking sector will still face downward pressure, and the industry as a whole will still be pressured to move forward. “Judging from the data released in the first three quarters, interest spreads in the banking sector showed the characteristics of a phased stabilization.” Peng Jiawen said, “We have also seen some data from our fellow brothers. Some of them have already begun to rebound smoothly, but we judge that the overall situation is still a phased stabilization.” Peng Jiawen stressed that there will still be downward pressure on interest spreads for some time to come. It's still hard to say that an inflection point has occurred and a rebound has begun, so the banking industry must prepare in every way to deal with the pressure of interest spreads. He said, “As far as China Merchants Bank is concerned, we will carry out more refined and lean asset liability management. Our goal remains the same. Our goal is to continue to narrow the reduction in interest spreads and maintain industry leadership in interest spreads.”

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