New change in asset allocation logic of small and medium-sized banks: Financial market businesses have become an important lever for stable revenue growth.

Against the background of the continuous narrowing of net interest margins and the increasing difficulty in acquiring high-quality credit assets, the logic of bank asset allocation is quietly changing. A journalist's analysis found that the contribution of investment income to operating income has significantly increased for some regional banks, and financial market activities have become an important means to stabilize revenue and profits. Many interviewees believe that the increasing proportion of investment income reflects the increasing importance of bank bond allocation and financial market activities, as well as the new operating environment facing some small and medium-sized banks in credit lending. As bond market volatility increases, banks are also increasing their requirements for duration management, asset allocation, trading capabilities, and risk control.