Looking for normality under abnormal conditions: crossing the fog of bank valuation -Part 10

Excellent and effective cost management is often easy to understand. From a logical and statistical point of view, when the increase in operating income is difficult to add to the increase in the rate of return on weighted risk assets, the subtraction of cost-effective management can also provide room for the increase in the rate of return on risk weighted assets.

Cost management is by no means as simple as squeezing costs and reducing expenditures, nor is it a movement of quick decisive battles. It requires an unprecedented revolution in new changes in systems and mechanisms.

In a sense, from a small enterprise to a large country, ancient and modern, at home and abroad, the most difficult change is the cost, because the cost represents the stock, the past, the vested interests, and the courage and determination to give up—the bank needs to list the cost lists one by one, and then boldly delete them.