China Banking and Insurance Regulatory Commission: P2P online lending institutions have dropped from the peak of 5,000 to 6
China News Service, Beijing, October 22 (Zhang Wenhui) Liang Tao, vice chairman of the China Banking and Insurance Regulatory Commission, said in Beijing on the 22nd when talking about financial risk prevention and control that the actual operation of P2P online lending institutions across the country has increased from the peak of 5,000 The pressure dropped to 6 at the end of September, and the borrowing scale and the number of participants declined for 27 consecutive months.
Since 2020, the new crown pneumonia epidemic has had a serious impact on the global economy, and the strong stimulus policies of developed countries have spilled over.
The domestic epidemic in China has been effectively controlled and the economy has recovered steadily.
Facing the complicated domestic and international situation, how does China's financial industry respond to risks and challenges?
Liang Tao introduced when he attended the 2020 Financial Street Forum annual meeting that in recent years, significant results have been achieved in the battle to prevent and resolve financial risks, laying a solid foundation for effectively responding to the impact of the epidemic.
According to Liang Tao, up to now, China's financial risk prevention and control has achieved five main results.
First, the risks of shadow banking continue to narrow.
Since the intensive rectification in 2017, the scale has dropped by approximately RMB 20 trillion from the historical peak.
Second, the identification and disposal of non-performing assets has been greatly advanced.
As of the end of September, the ratio of loans overdue for more than 90 days to non-performing loans of commercial banks was 80.2%, and some banks' loans overdue for more than 60 days were all included in non-performing loans.
In the first three quarters of this year, the banking industry handled a total of 1.73 trillion yuan (RMB, the same below) of non-performing loans, an increase of 341.4 billion yuan over the same period last year, and a new loan reserve of 1.54 trillion yuan.
Third, the situation of Internet financial risks has fundamentally improved.
The actual operating P2P online lending institutions across the country have dropped from 5,000 during the peak period to 6 at the end of September, and the scale of lending and the number of participants has declined for 27 consecutive months.
Fourth, financial crimes have been severely hit.
Unscrupulous financial groups such as Anbang, Tomorrow, Huaxin and other unscrupulous financial groups have proceeded steadily in their asset cleanup, recovery and recovery, and risk intervention. The disposal of risk institutions such as Hengfeng Bank, Baoshang Bank, and Jinzhou Bank has achieved initial results.
Fifth, the "gray rhino" threatening financial security has been brought under control.
In the first three quarters of this year, the proportion of new real estate loans in all new loans fell by 3.7% compared with the same period last year. In conjunction with local governments in resolving hidden debts, bancassurance institutions have accumulated 11 trillion yuan in local bonds in the past three years.
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