China News Agency, Beijing, May 18 (Reporter Wang Enbo) The head of the relevant department of the China Banking and Insurance Regulatory Commission said on the 18th that the spread of overseas epidemics has increased the external input risks faced by the Chinese banking industry, but the impact is generally controllable.
In response to a reporter ’s question that day, the person in charge pointed out that China ’s current domestic epidemic prevention and control situation has further stabilized, but the spread of overseas epidemic situations is still rising, the global financial market volatility has increased significantly, and the world economy may fall into recession or even depression. The external input risks faced by the Chinese banking and insurance industry have increased, mainly in the following three aspects:
First, there is greater uncertainty in external demand and the credit risk of foreign trade companies has increased. The slowdown in global economic growth has increased pressure on external demand. Foreign trade companies have experienced delays, cancellations, and reductions in export orders. From January to April, China ’s total exports of goods fell by 6.4% year-on-year, which may increase the pressure on foreign trade companies to operate and the quality of related loans. Variable probability.
Second, the overseas epidemic has an impact on the stability of China ’s supply chain. Some industries that rely more on overseas supply, such as raw materials and components, are more obviously affected. Some companies may be dragged back to production and resumption of production. The risks of production and operation and the risk of default increase, and they may also reflect in the future. On the quality of bank assets.
Third, the turmoil in overseas financial markets has intensified, and the prices of stocks, bonds, gold, and commodities have all dropped sharply. Related risks have had some negative effects on China's financial market and financial system through investor confidence and capital flows.
The above-mentioned person in charge emphasized that from the current situation, the non-performing loans of the banking industry have increased, but the increase is within the expected range. The stock market, bond market and foreign exchange market are generally operating smoothly. The impact of overseas epidemics on the Chinese banking industry is generally controllable.
Talking about the next step, the person in charge said that the China Banking Regulatory Commission will adhere to the bottom line thinking, further increase risk awareness, strengthen risk management and control, reduce negative effects such as the rise of non-performing loans, and lay a better foundation for serving the real economy. By focusing on financial support for the implementation of the policy of resuming production and resuming production, the four points of "incremental, price reduction, quality improvement and expansion" are to make efforts to alleviate the difficulty of financing for small and micro enterprises, increase the investment in poverty alleviation credit, and help to overcome poverty and other practical measures. Support the real economy. (Finish)