From "eating interest rate spreads" to "earning revenue in the middle", the profit structure of the banking industry is expected to be reshaped by 2026.

"In 2026, we will focus on strengthening our wealth management and comprehensive financial service capabilities, enhancing the support of middle-income to revenue. We will expand our wealth management, asset custody, investment banking and other light capital businesses, optimize our income structure, and address interest rate spread pressure," said a relevant person in charge of a commercial bank's Beijing branch to China Securities Journal. Recently, several banks have held meetings to discuss their work arrangements for 2026. Against the backdrop of continuously narrowing net interest margins, optimizing income structure and increasing the proportion of light capital businesses have become new directions for banks to reshape their profit landscape. Wealth management business, as an important engine for middle-income growth in banks, is a key lever for addressing interest rate spread pressure and achieving high-quality development."