China Banking and Insurance Regulatory Commission: Banking and Insurance Industry Continued to Strengthen Financial Service Total Assets Steady Growth
People's Daily Online, Beijing, August 10 (Reporter Du Yanfei) The China Banking and Insurance Regulatory Commission today released data on major regulatory indicators of the banking and insurance industry for the second quarter of 2020. Data show that by the end of the second quarter of 2020, the domestic and foreign currency assets of my country's banking financial institutions were 309.4 trillion yuan, a year-on-year increase of 9.7%. At the end of the first half of 2020, the total assets of insurance companies were 22.0 trillion yuan, an increase of 1.4 trillion yuan from the beginning of the year and an increase of 6.9% from the beginning of the year.
The total assets of the banking and insurance industries grew steadily
At the end of the second quarter of 2020, the domestic and foreign currency assets of my country's banking financial institutions were 309.4 trillion yuan, a year-on-year increase of 9.7%. Among them, the domestic and foreign currency assets of large commercial banks were 126.0 trillion yuan, accounting for 40.7%, and their total assets increased by 10.1% year-on-year; the domestic and foreign currency assets of joint-stock commercial banks were 55.7 trillion yuan, accounting for 18.0%, and their total assets increased by 11.8% year-on-year.
At the end of the first half of 2020, the total assets of insurance companies were 22.0 trillion yuan, an increase of 1.4 trillion yuan from the beginning of the year and an increase of 6.9% from the beginning of the year. Among them, the total assets of property insurance companies were 2.4 trillion yuan, an increase of 5.3% from the beginning of the year; the total assets of life insurance companies were 18.6 trillion yuan, an increase of 9.6% from the beginning of the year; the total assets of reinsurance companies were 513.3 billion yuan, an increase of 20.5% from the beginning of the year; insurance assets The total assets of the management company are 64.3 billion yuan, an increase of 0.5% from the beginning of the year.
Banking and insurance industries continue to strengthen financial services
At the end of the second quarter of 2020, the balance of loans used by banking financial institutions for small and micro enterprises (including loans to small and micro enterprises, loans to individual industrial and commercial households, and loans to small and micro business owners) was 40.7 trillion yuan, of which the total amount of single-account credit was 10 million yuan and The following inclusive small and micro enterprise loan balances are 13.7 trillion yuan, a 17.7% increase from the beginning of the year. Loans for affordable housing projects were 6.6 trillion yuan, a year-on-year increase of 2.7%.
In the first half of 2020, the original insurance premium income of insurance companies was 2.7 trillion yuan, a year-on-year increase of 6.5%. Compensation and payment expenditures were 630.8 billion yuan, a year-on-year increase of 1.2%. The number of insurance policies has grown rapidly. In the first half of 2020, the number of new insurance policies was 23.9 billion, a year-on-year increase of 28.0%.
The quality of commercial bank credit assets is basically stable
At the end of the second quarter of 2020, the non-performing loan balance of commercial banks (legal population, the same below) was 2.74 trillion yuan, an increase of 124.3 billion yuan from the end of the previous quarter; the non-performing loan ratio of commercial banks was 1.94%, an increase of 0.03 percentage points from the end of the previous quarter.
At the end of the second quarter of 2020, the normal loan balance of commercial banks was 138 trillion yuan, of which the normal loan balance was 134 trillion yuan, and the special mention loan balance was 3.9 trillion yuan.
The profit of commercial banks fell year-on-year, and the risk offset capability was relatively sufficient
In the first half of 2020, commercial banks achieved a cumulative net profit of 1.0 trillion yuan, a year-on-year decrease of 9.4%, with an average return on capital of 10.35%. The average return on assets of commercial banks was 0.83%, a decrease of 0.15 percentage points from the end of the previous quarter.
At the end of the second quarter of 2020, the balance of loan loss provisions of commercial banks was 5.0 trillion yuan, an increase of 206 billion yuan from the end of the previous quarter; the provision coverage ratio was 182.4%, a decrease of 0.80 percentage points from the end of the previous quarter; the loan provision ratio was 3.54 %, an increase of 0.04 percentage points from the end of the previous quarter.
At the end of the second quarter of 2020, the core tier 1 capital adequacy ratio of commercial banks (excluding foreign bank branches) was 10.47%, a decrease of 0.41 percentage points from the end of the previous quarter; the tier 1 capital adequacy ratio was 11.61%, a decrease of 0.34 points from the end of the previous quarter Percentage points; the capital adequacy ratio was 14.21%, a decrease of 0.31 percentage points from the end of the previous quarter.
Commercial bank liquidity levels remain stable
At the end of the second quarter of 2020, the liquidity coverage ratio of commercial banks was 142.46%, a decrease of 9.08 percentage points from the end of the previous quarter; the liquidity ratio was 58.19%, a decrease of 0.38 percentage points from the end of the previous quarter; the RMB excess reserve ratio was 1.90%. A decrease of 0.61 percentage point from the end of the previous quarter; the ratio of deposits and loans (domestic RMB) was 74.60%, a decrease of 0.33 percentage points from the end of the previous quarter.