China Merchants Securities research report points out that China Construction Bank Corporation (601939.SH) saw an increase in the growth rate of non-interest income in Q3, while the net interest income growth rate remained stable. Expansion of the balance sheet accelerated, and credit for key public areas maintained high growth. The interest rate spread is still in a downward channel but the rate of decline slowing down. As a high-quality state-owned bank, the company serves as an industry benchmark in terms of profitability, diversified operations, and transformational development. With a long-term vision, China Construction Bank Corporation is based on its own 'three major strategies' of housing leasing, inclusive finance, and fintech, continuously expanding outward, actively cultivating rural revitalization, green development, retirement health, consumer finance, fintech, and other key areas related to national livelihood, with the transformational effects worth noting. Maintains a 'strong buy' rating.