China News Service, Beijing, July 14 (Reporter Xia Bin) Liu Zhongrui, head of the Statistical Information and Risk Monitoring Department of the China Banking and Insurance Regulatory Commission, said at a press conference in Beijing on the 14th that since this year, the banking and insurance industry has maintained a stable operation. The overall situation presents four characteristics.
First, the assets and main businesses of the banking and insurance industry have grown steadily.
Liu Zhongrui said that preliminary statistics show that by the end of June, the total domestic assets of the banking industry were 328.8 trillion yuan (RMB, the same below), a year-on-year increase of 9.2%.
The total assets of the insurance industry were 24.8 trillion yuan, a year-on-year increase of 12.7%.
Second, the quality and efficiency of serving the real economy continued to improve.
Liu Zhongrui pointed out that in the first half of the year, RMB loans increased by 12.76 trillion yuan, an increase of 667.7 billion yuan year-on-year, and bancassurance institutions’ new bond investments were 3.4 trillion yuan, providing reasonable financial support for the real economy.
Promote more financial resources to be invested in key areas and weak links, and vigorously support inclusive small and micro businesses, rural revitalization, manufacturing, technological innovation, and green and low-carbon development.
The third is the effective prevention and control of risks in key areas.
According to Liu Zhongrui, at the end of June, the balance of non-performing loans in the banking industry was 3.5 trillion yuan, an increase of 108.3 billion yuan from the beginning of the year, and the non-performing loan ratio was 1.86%, a decrease of 0.08 percentage points from the beginning of the year.
The overall liquidity of bancassurance institutions remained stable, with a liquidity ratio of 57.2% of commercial banks, and a steady increase in cash flow from operating activities of insurance companies.
He also pointed out that high-risk financial institutions have been resolved in a stable and orderly manner, the reform of small and medium-sized institutions has progressed steadily, the risk of shadow banking has continued to drop, and entrusted loans and trust loans have decreased by more than 800 billion yuan from the beginning of the year.
Resolutely prevent the disorderly expansion of capital, and strengthen the prudential supervision of the financial business of platform enterprises.
The growth rate of real estate loans fell to 10.3%, which continued to be lower than the growth rate of all loans.
Fourth, the robustness of bancassurance institutions has increased significantly.
Liu Zhongrui said that it will promote banks' forward-looking provisions and replenish capital through multiple channels to enhance risk resistance and loss absorption capabilities.
At the end of June, the balance of provision of banking financial institutions reached 6.7 trillion yuan, the provision coverage ratio was 190.3%, an increase of 7.5 percentage points from the beginning of the year, and the loan provision ratio was 3.54%, basically the same as the beginning of the year.
At present, the capital adequacy ratio of commercial banks is 14.51%, the comprehensive solvency adequacy ratio of insurance companies is 246.7%, and the core solvency adequacy ratio is 234%, all maintaining a relatively high level.