Chinanews.com, August 25. At the State Council’s regular policy briefing held on the 25th, Xiao Yuanqi, chief risk officer and spokesperson of the China Banking and Insurance Regulatory Commission, pointed out that in the first seven months, new RMB loans increased by 13.1 trillion yuan, a year-on-year increase. An additional 2.4 trillion yuan. The banking industry added 1.6 trillion yuan in manufacturing loans, surpassing the annual increase last year.
According to Xiao Yuanqi, the China Banking and Insurance Regulatory Commission, in accordance with the decisions and deployments of the Party Central Committee and the State Council, under the leadership of the Financial Committee, did a solid job of "six stability" and "six guarantees", and adopted a series of powerful policy measures to increase effective capital supply and optimize credit investment structure , Reduce corporate financing costs, actively promote the realization of the goal of reasonable profit distribution of 1.5 trillion yuan, coordinated efforts with regulatory policies and monetary, fiscal, employment, industrial, and regional policies, and do everything possible to promote bancassurance institutions to increase profit distribution and serve the real economy. Last month, new renminbi loans increased by 13.1 trillion yuan, an increase of 2.4 trillion yuan year-on-year, and the banking and insurance industries’ new bond investments were 5 trillion yuan. Long-term equity investment in the insurance industry increased by more than 18% year-on-year, and compensation expenses were 746.6 billion yuan. The banking industry added 1.6 trillion yuan in manufacturing loans, surpassing the increase in the entire year last year. Inclusive loans to small and micro enterprises increased by 28.4% year-on-year, far exceeding the growth rate of various loans. The loan interest rate dropped by 0.76 percentage points from last year. Through measures such as lower interest rates, lower fees, and deferred loan repayment, the burden has been reduced for market entities by more than 870 billion yuan.
Xiao Yuanqi pointed out that in the next step, the China Banking and Insurance Regulatory Commission will earnestly implement the decisions and deployments of the Party Central Committee and the State Council, implement various policies accurately, comprehensively improve the quality and efficiency of serving the real economy, prevent and control financial risks, deepen financial reforms, and achieve stable growth and prevention. The long-term balance of risks will help accelerate the formation of a new development pattern with domestic and international cycles as the mainstay and mutual promotion of domestic and international cycles. thank you all.