The Reform and Development Path of Major Commercial Banks in A Low Interest Rate Environment

he Third Plenary Session of the 20th CPC Central T Committee clearly outlined the need to improve the positioning and governance of financial institutions and to establish a sound incentive and constraint mechanism for serving the real economy.Currently,the net interest margin(NIM)of China's major commercial banks continues to narrow,necessitating active adaptation to the low interest rate environment of the Renminbi.This requires comprehensively deepening reforms to promote operational transformation and achieve high-quality development,continuously solidifying the foundation for sustained service to the real economy.