The China Banking and Insurance Regulatory Commission has released data on the main supervisory indicators for the banking and insurance industries in the first quarter of 2023. During this period, commercial banks cumulatively achieved a net profit of 667.9 billion yuan, a year-on-year increase of 1.3%, but a decrease of 6.1 percentage points in growth rate compared with the same period last year. The average capital profit rate was 10.32%, and the average asset profit rate was 0.81%. By the end of the first quarter of 2023, the loan loss reserve balance of commercial banks was 6.4 trillion yuan, an increase of 257.2 billion yuan from the previous quarter. The provision coverage ratio was 205.24%, a decrease of 0.6 percentage points from the previous quarter, and the loan provision ratio was 3.32%, a decrease of 0.04 percentage points from the previous quarter. The capital adequacy ratio of commercial banks (excluding foreign bank branches) was 14.86%, the Tier 1 capital adequacy ratio was 11.99%, and the core Tier 1 capital adequacy ratio was 10.50%.