Likely to receive government support, if needed, due to moderate systemic importance. Large small and midsize enterprise (SME) and personal consumption loan portfolio with high loan yields. Management and strategy are nimble in adjusting to regulatory and economic changes. Geographical concentration in Tianjin, which is facing macroeconomic headwinds. High real estate concentration and low fee income contribution weigh on risk-adjusted capitalization. Funding cost pressure from reliance on time and structured deposits. The stable outlook on China Bohai Bank Co. Ltd. (CBHB) reflects our expectation that the bank will largely maintain its risk-adjusted capital, funding profile, and liquidity, and that its asset quality will remain largely comparable with the industry average over the next two years. We also expect CBHB to
