作者|超新星财经编辑|Ray在利率持续下行的市场环境中,中国银行业正经历一场静默而激烈的战斗。2025年一季度,商业银行净息差进一步下探至历史新低的1.43%,标志着银行业步入“微利时代”。其中,国有大行净息差仅为1.33%,而面临更大经营压力的农商行净息差同比下降15个基点,跌幅居各类银行之首。这场围绕负债端的战争,已从简单的价格竞争演变为结构重构、科技赋能与生态构建的多维较量。利率倒挂与净息差...
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