China Merchants Bank Co Ltd (SHSE:600036)
Â¥ 38.66 0.15 (0.39%) Market Cap: 962.93 Bil Enterprise Value: 329.17 Bil PE Ratio: 6.91 PB Ratio: 0.87 GF Score: 76/100
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Q1 2021 China Merchants Bank Co Ltd Earnings Call - Q&A Session Transcript

Apr 26, 2021 / 01:15AM GMT
Release Date Price: ¥52.07 (-2.31%)
Unidentified Company Representative

Thank you, Mr. Liu. We will now enter into the Q&A session.

Questions & Answers

Unidentified Company Representative

(Operator Instructions)

Operator

(Operator Instructions) The first question is from UBS, Ms. Yan Meizhi.

Meizhi Yan
UBS Investment Bank, Research Division - MD & Head of Greater China Financials

Congratulations on CMB's achievements in the first quarter, especially under the fluctuating market situation over the last year. I would like to raise one question only, and my question is about NIM, as it is concerned by many people. We understand that the banking industry is under pressure over NIM, but we also see some trends, which is positive to the NIM's development. We see that after the first quarter, the market liquidity tied to -- tend to be tightened. Maybe it will be a positive signal for a better performance of NIM. Of course, we understand there might be some restraint from the policy level. But we still think it is a

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