China News Service, November 19. According to news from the China Banking and Insurance Regulatory Commission’s website on the 19th, the spokesperson of the China Banking and Insurance Regulatory Commission said in response to a reporter’s question that in the first 10 months of this year, various loans increased by 17.9 trillion yuan, an increase of 78.3 billion yuan over the same period last year. With reasonable and abundant capital supply, it effectively met the reasonable capital needs of the real economy; the credit structure continued to be optimized, and reasonable real estate loan demand was met.

  A reporter asked, what was the situation of bank credit in the first 10 months of this year?

What are the characteristics of the credit structure?

  In response, the spokesperson said that in the first 10 months, various loans increased by 17.9 trillion yuan, an increase of 78.3 billion yuan over the same period last year. The capital supply was reasonable and abundant, which effectively met the reasonable funding needs of the real economy.

  The spokesperson pointed out that the credit structure continues to be optimized.

First, the increase in manufacturing loans exceeded the scale of last year.

In the first 10 months, manufacturing loans increased by 2.3 trillion yuan, surpassing last year’s annual increase, of which 82.6% were mid- and long-term manufacturing loans.

  Second, credit loans maintained rapid growth.

In the first 10 months, corporate credit loans increased by 4.9 trillion yuan, a year-on-year increase of 17.8%, which was significantly higher than guaranteed loans and mortgage (pledged) loans.

  Third, inclusive loans to small and micro enterprises continued to maintain rapid growth.

In the first 10 months, loans to inclusive small and micro enterprises increased by RMB 3.2 trillion, a year-on-year increase of 24.6%, which was 9.7 percentage points higher than the average growth rate of various loans; the number of loans to inclusive small and micro enterprises increased by 27.6% from the beginning of the year , It is expected that the goal of “two increases” for the whole year can be achieved.

  Fourth, the scale and coverage of loans to private enterprises continued to expand.

In the first 10 months, loans to private enterprises increased by 5 trillion yuan. Newly issued private enterprise loans accounted for 53.5% of newly issued corporate loans, an increase of 1.8 percentage points from the beginning of the year; the number of newly issued private enterprise loans increased by 28.2% year-on-year.

  Fifth, the reasonable demand for real estate loans has been met.

At the end of October, real estate loans from banking financial institutions increased by 8.2% year-on-year, which remained stable overall.

More than 90% of personal housing loans were used to support the first home, and loans to the housing leasing market increased by 61.5% year-on-year.

  The spokesperson also said that in the first 10 months, the cost of loans continued to fall and continued to benefit the real economy.

The annualized interest rate of loans to inclusive small and micro enterprises was 5.7%, a decrease of 0.17 percentage points from the beginning of the year; the annualized interest rate of loans to private enterprises was 5.32%, a decrease of 0.03 percentage points from the beginning of the year; the annualized interest rate of loans to manufacturing industries was 3.94%, a decrease of 0.13 percentage points from the beginning of the year percentage point.

  The full text of the spokesperson of the China Banking and Insurance Regulatory Commission’s response to reporters’ questions is as follows:

The spokesperson of the China Banking and Insurance Regulatory Commission answers questions from reporters

1. What was the situation of bank credit in the first 10 months of this year?

What are the characteristics of the credit structure?

Answer: In the

first 10 months, various loans increased by 17.9 trillion yuan, an increase of 78.3 billion yuan year-on-year. The capital supply is reasonable and abundant, effectively meeting the reasonable funding needs of the real economy.

  The credit structure continued to be optimized.

First, the increase in manufacturing loans exceeded the scale of last year.

In the first 10 months, manufacturing loans increased by 2.3 trillion yuan, surpassing last year’s annual increase, of which 82.6% were mid- and long-term manufacturing loans.

Second, credit loans maintained rapid growth.

In the first 10 months, corporate credit loans increased by 4.9 trillion yuan, a year-on-year increase of 17.8%, which was significantly higher than guaranteed loans and mortgage (pledged) loans.

Third, inclusive loans to small and micro enterprises continued to maintain rapid growth.

In the first 10 months, loans to inclusive small and micro enterprises increased by RMB 3.2 trillion, a year-on-year increase of 24.6%, which was 9.7 percentage points higher than the average growth rate of various loans; the number of loans to inclusive small and micro enterprises increased by 27.6% from the beginning of the year , It is expected that the goal of “two increases” for the whole year can be achieved.

Fourth, the scale and coverage of loans to private enterprises continued to expand.

In the first 10 months, loans to private enterprises increased by 5 trillion yuan. Newly issued private enterprise loans accounted for 53.5% of newly issued corporate loans, an increase of 1.8% from the beginning of the year; the number of newly issued private enterprise loans increased by 28.2% year-on-year.

Fifth, the reasonable demand for real estate loans has been met.

At the end of October, real estate loans from banking financial institutions increased by 8.2% year-on-year, which remained stable overall.

More than 90% of personal housing loans were used to support the first home, and loans to the housing leasing market increased by 61.5% year-on-year.

  In addition, in the first 10 months, the cost of loans continued to decline, continuing to benefit the real economy.

The annualized interest rate of loans to inclusive small and micro enterprises was 5.7%, a decrease of 0.17 percentage points from the beginning of the year; the annualized interest rate of loans to private enterprises was 5.32%, a decrease of 0.03 percentage points from the beginning of the year; the annualized interest rate of loans to manufacturing industries was 3.94%, a decrease of 0.13 percentage points from the beginning of the year percentage point.

2. Recently, the media reported that some corporate deposit certificates were used by commercial banks to pledge bank acceptance bills without knowing it. Does the China Banking Regulatory Commission understand the relevant incidents and what measures has it taken?

Answer

: Recently, individual commercial banks have disputes with corporate customers over the business of pledge of deposit certificates to pledge bank acceptance bills, which has aroused widespread public concern.

The China Banking and Insurance Regulatory Commission attaches great importance to this and has immediately requested the relevant banking and insurance regulatory bureaus to form a working group to enter the bank to conduct on-site investigations.

At present, the investigation is intensified.

If the investigation finds that banks have violated regulations, they will be severely punished and accountable in accordance with laws and regulations.

If the investigation finds a suspected illegal or criminal act, it will be transferred to the judicial organs for handling in accordance with the law.

The parties involved in the case have also reported the case to the public security organs, and the investigation and handling of the case is underway.

  Bank acceptance bill business is an important financial service business of commercial banks, which has played an active role in facilitating corporate payment and settlement and supporting the development of the real economy.

However, the bill business of some commercial banks has also encountered problems such as irregular development, irregularities, and failure of internal control.

In order to effectively prevent and control bill business risks and promote the standardized and orderly development of the bill market, the People's Bank of China and the China Banking and Insurance Regulatory Commission have strengthened the construction of the bill business supervision system and continuously strengthened supervision and law enforcement.

In recent years, the China Banking and Insurance Regulatory Commission has successively organized and carried out work such as "consolidating the results of chaos management and promoting compliance construction", "looking back" on market chaos rectification, and "internal control compliance management construction year", all of which have focused on bill business management. Supervise commercial banks to strengthen internal control construction, strengthen employee behavior control, strengthen unified credit management for bank acceptance bills, adhere to the authenticity requirements of the trade background, strengthen the authenticity, compliance and rationality review of pledged certificates of deposit, standardize bill transaction behavior, and strictly prohibit institutions Participate in various bill intermediary and fund broker activities with employees.

  All banking institutions must continuously improve their internal control levels, further standardize the management of bank acceptance bills, and strictly adhere to the principle of “know your customers” and strictly enforce business access standards. They must not only fully meet the service needs of financial consumers, but also avoid illegal payments. The elements left any opportunity they could take advantage of to infringe on the legitimate rights and interests of commercial banks and financial consumers.

3. In recent years, what work has the China Banking and Insurance Regulatory Commission done to enrich the supply of insurance products for the elderly, and how does it plan to provide better insurance protection services for the elderly in the next step?

Answer:

In recent years, the China Banking and Insurance Regulatory Commission has conscientiously implemented the decisions and deployments of the Party Central Committee and the State Council, attaches great importance to the growing demand for elderly security and social services of the elderly, strengthened top-level design, improved policy support, and encouraged insurance institutions to develop various types of elderly insurance products to enrich The types of commercial insurance that the elderly can choose to give full play to the important role of commercial insurance in the social security system.

  The first is to introduce policies related to long-term medical insurance.

Introduce a rate adjustment mechanism to avoid the risk of insurance product pricing caused by rising medical expenses, and systematically solve the problem that the elderly and the sick are difficult to purchase commercial medical insurance.

As of October this year, 25 long-term medical insurance products with adjustable rates for insured ages over 70 have been launched.

  The second is to enrich the supply of insurance for the elderly.

Guide the insurance industry to further liberalize the insurance age and the upper limit of the renewal age of related products under the premise of controllable risks.

At present, there are more than 1,000 products available for the elderly to choose from, which basically cover the diseases insurance, medical insurance, accident insurance, pension insurance and other products that the elderly are most concerned about.

  The third is to compile a table of the incidence of common serious diseases in the elderly.

The incidence table of various diseases was extended to the high age group, and the incidence table of two common diseases of the elderly (severe Alzheimer’s disease and severe primary Parkinson’s disease) was compiled for the first time to provide the development and research of insurance products for the elderly. Innovation provides a basis for pricing.

  As of now, there are 107 million senior citizens aged 60 and above in the country who hold commercial insurance policies, and the penetration rate of commercial insurance for senior citizens (the number of people purchasing commercial insurance/total population) is 41%.

The number of elderly insurance policies was 226 million, accounting for 11% of all insurance policies in the insurance industry.

During the "Thirteenth Five-Year Plan" period, senior citizens’ insurance achieved a total of 1.4 trillion yuan in premium income. The number of insured persons and premium income have shown an upward trend year by year, and the enthusiasm for insurance has increased significantly.

  In the next step, the China Banking and Insurance Regulatory Commission will urge insurance institutions to actively meet the needs of elderly insurance, develop related products, and improve the level of elderly protection: First, improve the level of old-age insurance.

Actively guide and standardize exclusive pension insurance pilots, support insurance companies to develop pension annuity insurance that provides life-long receiving functions to meet the needs of long-term pension fund management; optimize the reverse mortgage pension insurance support policy for elderly housing to provide for the elderly groups such as those who have lost their independence and are single. Invigorate old-age resources.

The second is to optimize insurance services for the elderly.

Under the premise that risks are controllable, insurance companies are guided to relax the age limit for insuring the elderly, allowing the elderly to insure with illness and provide guaranteed renewal without compensating for previous illnesses.

Make full use of modern service methods and Internet technology to simplify the claims settlement process.

The third is to enrich the supply of health insurance for the elderly.

Guide the development of insurance and medical insurance products for specific diseases with high incidence of cardiovascular disease, Alzheimer’s disease, Parkinson’s disease and other elderly people, and strengthen the integration of insurance products with health management, chronic disease management and other health services.

4. May I ask the China Banking and Insurance Regulatory Commission to guide bancassurance institutions to support the main progress of green, low-carbon, and circular economy development. What are the specific considerations for the next step in promoting the achievement of carbon peak and carbon neutral goals?

Answer: The China

Banking and Insurance Regulatory Commission has always adhered to Xi Jinping’s ecological civilization thought as a guide, unswervingly implemented the new development concept, in accordance with the requirements of the carbon peak and carbon neutral goal, and in accordance with the economic and social development situation, continued to improve the financial support policy, and continuously promoted the improvement of green and low Carbon and circular economy development service level.

  As of the end of September this year, the green credit balance of 21 major domestic banking institutions reached 14.08 trillion yuan, an increase of more than 21% from the beginning of the year.

The overall quality of green credit assets is good, and the non-performing loan ratio has remained below 0.7% in the past five years, which is far lower than the overall non-performing level of various loans in the same period.

The environmental benefits of green credit are gradually emerging. Calculated according to the ratio of credit funds to the total investment in green projects, 21 major banking institutions are expected to save more than 400 million tons of standard coal each year and reduce carbon dioxide equivalent emissions by more than 700 million tons.

It should be said that the development of green credit has not only helped financial institutions optimize their asset structure and promoted the quality and upgrading of the financial industry, but also achieved significant emissions reduction effects.

In terms of insurance, we support insurance institutions to standardize and innovate to launch insurance products and services that meet the needs of green and low-carbon development. At present, in the near-zero carbon car insurance, heavy rainfall catastrophe index insurance, crop fertilizer and pesticide reduction and efficiency increase insurance, and green building There have been some explorations in performance insurance and clean energy insurance, and the insurance protection and risk compensation functions in key areas and industries have been continuously strengthened.

  In the next step, the China Banking and Insurance Regulatory Commission will increase political positions, improve relevant policies and measures, strengthen situation analysis, and urge bancassurance institutions to persevere in financial support for green and low-carbon development.

One is to have a fully rational understanding of the strategic significance, importance and arduousness of achieving carbon neutrality. This is something that must be done and can be done well. Banking and insurance institutions are duty-bound.

The second is to improve the green financial policy system.

We will improve the green finance regulatory measures and formulate green finance information disclosure guidelines to provide guidance for financial institutions to comprehensively measure their carbon footprint and strengthen climate and environmental risk management.

The third is to play the role of policy incentives, strengthen the connection with the People's Bank of China's carbon emission reduction support tools, and guide financial institutions to increase financial support for green and low-carbon transportation, green buildings, clean renewable energy, new power systems and carbon emission reduction technologies , Make good use of insurance as a tool to improve the level of risk protection for disaster prevention and mitigation, and enhance the ability of enterprises and residents to resist disasters.

The fourth is to resolutely do a good job in ensuring energy security, not to engage in "one size fits all" and "movement" carbon reduction, to provide reasonable credit support to eligible coal power and coal enterprises and projects, not to blindly draw or cut loans, and strengthen coal Financial support for clean and efficient use will promote more investment in energy security and green and low-carbon development.

The fifth is to strengthen policy coordination and work linkage with relevant departments, provide stable expectations for market activities, and promote bancassurance institutions to better serve green and low-carbon development.

At the same time, we also support local governments to explore effective models and paths for financial support of carbon peak and carbon neutralization in a steady and orderly manner, while meeting the requirements of laws, regulations and supervision.

5. In recent years, the China Banking and Insurance Regulatory Commission has attached great importance to the financial services of private enterprises and has done a lot of work. What is the current situation of the financial services of private enterprises?

Answer: In the

past three years, the China Banking and Insurance Regulatory Commission has resolutely implemented the spirit of General Secretary Xi Jinping’s important speech at the private enterprise symposium and the decision and deployment of the Party Central Committee and the State Council, adhered to the “two unwavering”, and continuously improved the financial service private enterprise policy system to give full play to The role of supervision and management, multiple measures have been taken to promote the implementation of policies, and the quality and efficiency of financial services for private enterprises have continued to improve.

  The availability of financing for private enterprises has continued to improve.

The first is to conduct financial services for private enterprises fairly. Banking institutions are required to treat all types of ownership enterprises equally and fairly. Discriminatory requirements must not be imposed on private enterprises during loan approval. Under the same conditions, private enterprises and state-owned enterprises have the same loan interest rates and loan conditions.

The second is to increase positive incentives, require clarification of the annual service goals of private enterprises, increase the weight of private enterprise financing business in internal performance evaluation, and reward branches and individuals with outstanding performance.

The third is to require banking institutions to establish a sound due diligence exemption and fault-tolerant error correction mechanism for private enterprise loans, establish internal accountability complaint channels, and stimulate the endogenous motivation of grassroots institutions and personnel to serve private enterprises.

  In the past three years, the loan balance and the number of private enterprises have increased steadily. At the end of September 2021, the loan balance of private enterprises by banking financial institutions was 53.1 trillion yuan, an increase of 15 trillion yuan from the end of 2018; the number of private enterprise households with loan balances was 7762 Million households, an increase of 25.84 million households from the end of 2018.

The proportion of newly issued private enterprise loans in newly issued corporate loans has further increased. In the first nine months of 2021, among the newly issued corporate loans by banking financial institutions, private enterprise loans accounted for 53.5%, an increase of 2.1 percentage points from 2018.

  The financing costs of private enterprises continue to decrease.

First, banks are required to comprehensively consider factors such as capital costs, operating costs, service models, guarantee methods, and actual risk levels to make scientific pricing.

The second is to reduce excessive reliance on mortgage guarantees. Banking institutions are required to insist on reviewing the first source of repayment, take outstanding main business, financial stability, and good creditworthiness of major shareholders and actual controllers as the main basis for granting credit, and reasonably increase the proportion of credit loans.

The third is to increase the intensity of fee reduction and profit sharing, continue to standardize the management and behavior of bank credit, credit enhancement and assessment links, and strictly investigate and deal with illegal activities such as "idling" arbitrage of funds and illegally driving up corporate financing costs.

The fourth is to work hard to reduce the loan turnover cost of private enterprises, require banking institutions to actively meet the renewal needs of enterprises, develop and promote products such as revolving loans, annual review loans, etc., to effectively meet the continuous financing needs of enterprises.

  In the past three years, the proportion of credit loans to private enterprises has increased. At the end of September 2021, the balance of credit loans to private enterprises of commercial banks accounted for 14.7%, an increase of 5.3 percentage points from the end of 2018.

The financing cost of private enterprises has fallen. In the first nine months of 2021, the annualized interest rate of newly issued loans to private enterprises by banking financial institutions is 5.3%, a decrease of 1.6 percentage points from 2018.

  The financial services of private enterprises have been continuously optimized.

On the one hand, starting from the actual situation, help private enterprises in difficulty to raise funds to bail out.

Adhere to differentiated treatment and categorized policies, and require banking institutions not to blindly draw loans to private enterprises that have temporary difficulties but still have development prospects.

In accordance with the principle of marketization and rule of law, through the establishment of creditor committees and market-oriented debt-to-equity swaps, the "one company, one policy" adopts supportive measures.

Promote banking institutions to implement the deferred principal and interest payment policy for inclusive small and micro enterprise loans, and increase financial support for performance companies, travel agencies, offline retail, accommodation and catering, foreign trade and foreign trade and other industries that are continuously affected by the epidemic.

On the other hand, banking institutions are required to design personalized products to meet the needs of different enterprises based on the characteristics of private enterprises’ financing needs, with the help of new technologies such as the Internet and big data, and to use pre-credit, parallel operations, and simplification in accordance with their own risk management systems and business processes. Improve the efficiency of credit approval by means of annual review and other methods.

  In the next step, the China Banking and Insurance Regulatory Commission will continue to implement the deployment of the Party Central Committee and the State Council, adhere to the "two unshakable", continue to promote the implementation of various policies for financial services to private enterprises, guide and urge bancassurance institutions to continue to optimize financial services, and effectively improve private enterprises A sense of access to financial services.