KPMG China's report "2024 China Banking Survey" pointed out that in the future, commercial banks will face the double challenges of continuous decline in asset yield and scarcity of high-quality assets. On the one hand, due to the dual impact of macroeconomic and weakened corporate financing demand, especially under the influence of factors such as real estate rescue, local debt and national debt rate reduction, LPR will still decline slowly, and banks' asset yield will still have considerable downward pressure in the short and medium term. On the other hand, banks urgently need to supplement "high-quality credit assets" that can balance prices or risks to replace existing real estate and platform-type credit assets. However, the supply of high-quality assets in the market clearly cannot meet the demand for bank asset restructuring, and with the increasingly fierce competition in different industries, the scarcity of high-quality assets will become a normal state for a period of time. (Pengpai)