Gelonghui, December 10 | Wanlian Securities research reports point out that considering the overall development environment of the banking industry and combining with the characteristics of cm bank (600036.SH), it is believed that cm bank's deposit cost advantage is expected to contribute to the stability of performance. Additionally, its strong capital strength will assist in the stable expansion of future asset scale, with relatively excellent asset quality, and short-term risks in retail loans may fluctuate. Moreover, cm bank's retail financial business has high operational resilience, and under the gradual recovery of wealth management-related business sales, net income from fees related to retail wealth management may gradually stabilize. Coupled with the empowerment of cni xiangmi lake fintech index, it is believed that cm bank's overall operational efficiency is expected to improve steadily. Considering the business development situation and valuation factors, the company's shareholding rating is maintained.