Shanghai Bank Vice President Wang Ming: Credit risk management in banks is a top priority now.

Shanghai Bank Vice President Wang Ming recently stated at the bank's 2024 and 2025 first quarter performance briefing that the bank will continue to promote three areas of work in the future, including strengthening the digital transformation of risk management, enhancing comprehensive risk management expertise, and promoting the optimization of credit approval processes. Wang believes that credit risk management in banks is of utmost importance. The bank adheres to monitoring credit risks throughout the entire bank through the dimensions of "business lines, asset categories, key products, and key institutions", implementing dynamic early warning and precise disposals. Through the above efforts, the bank has achieved two transformations in the past two years, shifting from focusing on overall asset quality indicators to paying more attention to structural specific indicators, and from focusing on post-risk disposal to actively working on preventing bad debts before and during their occurrence.