Xinhua News Agency, Beijing, October 23 (Reporter Li Yanxia) Zhou Liang, vice chairman of the China Banking and Insurance Regulatory Commission, stated at the 2020 Financial Street Forum annual meeting on the 22nd that it is necessary to strengthen prevention and defuse financial risks.
Proactively respond to the rebound of bank non-performing assets, advance the risk reduction of small and medium-sized banks in an orderly manner, continue to rectify illegal financial activities, crack down on financial corruption, and strictly prevent external input risks.
Zhou Liang said that the overall operation of my country's banking and insurance industry is stable.
At the end of September, the non-performing rate of banking financial institutions was 2.09%, and the provision coverage ratio was 179.8%. The capital adequacy ratio of commercial banks and the comprehensive solvency of insurance companies were at a relatively good level.
Zhou Liang said that the quality and efficiency of the current financial services to the real economy is continuously improving.
In the first three quarters, RMB loans increased by 16.3 trillion yuan, a year-on-year increase of 2.6 trillion yuan.
The comprehensive financing costs of enterprises have dropped significantly, and financial institutions have given over 1.1 trillion yuan in profits to the real economy.
Inclusive loans to small and micro enterprises increased by 30.54% year-on-year, and new manufacturing loans increased by 2 trillion yuan.
Zhou Liang said that in the next step, the China Banking and Insurance Regulatory Commission will grasp the dynamic balance between stable growth and risk prevention, and continuously enhance the pertinence and effectiveness of policy measures.
Guide financial institutions to strengthen financial services in key areas such as "Two New Ones and One Heavy", and continue to increase support for advanced manufacturing and strategic emerging industries.
At the same time, continue to optimize the financial institution system, market system, and product system, and comprehensively improve the adaptability, competitiveness and inclusiveness of the financial industry.