Hangzhou Bank Unveils New Five-Year Strategy at 2026 Interim Results Briefing

On September 3, Hangzhou Bank held its 2026 interim results briefing. Chairman Song Jianbin presented the bank's new five-year development strategy. He stated that the core approach for medium- and long-term development is to pursue a capital-light, sustainable growth path. The new strategy is summarized as "3366," which stands for three-dimensional goals, three directions, six business lines, and six capabilities. All operational efforts will be aligned with this strategic framework.

Song proposed that the bank will focus on "four adherences and four enhancements." First, it will adhere to a customer-centric approach in managing client relationships. Second, it will prioritize quality, maintaining strict asset quality standards in the current environment to ensure prudent operations. Third, it will pursue reasonable volume growth, driving client base expansion through improved customer service. Fourth, it will optimize structure by implementing dynamic, refined management of assets, liabilities, income, and costs, ensuring alignment among volume, pricing, and risk.

In terms of implementation, Hangzhou Bank will strengthen four key areas. First, it will enhance industrial finance, leveraging its early advantages in technology finance to support the real economy and industrial upgrading, while adjusting its internal organizational structure and business lines accordingly. Second, it will bolster services for small and medium-sized enterprises, expanding from single credit products to comprehensive financial services and returning to the fundamentals of settlement. Third, it will strengthen cross-border financial services to assist companies in going global. Fourth, it will build up its wealth management business, improving investment research capabilities to help clients preserve and grow their financial assets.