CMB President Wang Liang: Profit won't simply be achieved by increasing provisioning and covering ratio to drop provisioning.

On September 2, Wang Liang, president of China Merchants Bank, said that we should control risk costs and improve profitability through the improvement of asset quality and the reduction of risk costs. Wang Liang further said that the profit rise will not be achieved simply through the provision of clawback and the provision coverage ratio of drop. This method may be simple, and the form of achieving positive profits rises, but it is not achieved through hard work, not through operation and management, and investors may feel more satisfied, but for management, it is more necessary to build management capabilities. "Overall, we are confident that we will achieve a trend of gradual improvement, and at the same time, we will achieve a profitable rise by managing the risk cost and finally dropping." Wang Liang said.