[Commentary] On July 14, the State Council Information Office held a press conference.

At the meeting, when talking about April 29, when the “one bank, two meetings and one bureau” jointly interviewed 13 online platform companies engaged in financial business, the relevant person in charge of the China Banking and Insurance Regulatory Commission stated that at present, Internet platform companies are strictly following laws and regulations. In line with the requirements of the regulatory authorities, in-depth search for problems and rectifications.

The China Banking and Insurance Regulatory Commission has always adhered to the following principles for related work:

　　[Concurrent] Zhang Zhongning, Spokesperson of China Banking and Insurance Regulatory Commission

　　One is to fully incorporate financial activities into supervision in accordance with the law.

Financial business must be licensed to operate.

The second is to adhere to fair supervision and strict supervision.

We will treat similar businesses and entities equally, and will continue to adhere to "zero tolerance" for all types of financial activities that violate laws and regulations.

The third is to adhere to both development and standardization.

It is necessary to insist on supporting (Internet) platform companies to uphold innovation and standardize development under the premise of prudential supervision, but also to resolutely break monopolies and resolutely maintain the public interest and fair competition in the market order.

　　[Commentary] Zhang Zhongning said that in the next step, the China Banking and Insurance Regulatory Commission will continue to urge Internet platforms to earnestly fulfill their main responsibilities, earnestly implement various requirements for rectification, and effectively strengthen risk management and control, enhance social responsibilities, and maintain a fair and competitive market environment.

　　[Explanation] In addition, Liu Zhongrui, head of the Statistical Information and Risk Monitoring Department of the China Banking and Insurance Regulatory Commission, also introduced the operating conditions of the banking industry in the first half of this year at the meeting.

He said that from the comparison of data, the profit growth rate of the banking industry and the profit growth rate of industrial enterprises have achieved "one drop and one rise", reflecting the positive effect of financial concession to the real economy.

　　[Concurrent] Liu Zhongrui, Head of Statistical Information and Risk Monitoring Department of China Banking and Insurance Regulatory Commission

　　In the first quarter of 2021, commercial banks achieved a cumulative net profit of 614.3 billion yuan, a year-on-year increase of 2.4%, and the growth rate was 3.3 percentage points lower than the same period last year.

At the same time, we are also concerned that the profit growth rate of the real economy has increased significantly.

In the first five months of this year, the profits of industrial enterprises above designated size increased by 83.4% year-on-year.

From a partial point of view, there is a certain temporary fluctuation in the profits of the banking industry. However, from a macro point of view, the rebound in real economic profits will help banks improve the quality of their assets and form an important support for high-quality development of the banking industry.

　　[Commentary] At the meeting, when talking about the progress of helping small and micro enterprises to respond to the new crown epidemic and targeted financial poverty alleviation, Ye Yanfei, head of the Policy Research Bureau of the China Banking Regulatory Commission, said:

　　[Concurrent] Ye Yanfei, Head of the Policy Research Bureau of the China Banking and Insurance Regulatory Commission

　　Each banking institution should have determined its own small and micro service goals and tasks at the beginning of the year. At present, it should be no problem to complete the annual goal and support more small and micro enterprises.

Some of our industries, such as the tourism industry, the homestay industry, the cultural and travel industry, and many service industries should be more affected by the epidemic. It may be that the economic recovery is relatively lagging behind. Small and micro enterprises in these fields are relatively difficult, so we It also urges banking institutions to adopt targeted service measures for small and micro enterprises in these fields.

　　Reporter Liu Xuanting reports from Beijing

Editor in charge: [Ji Xiang]