Banking industry credit continues to optimize
Our reporter Lu Min
The Central Economic Work Conference clearly requested that financial institutions be guided to increase support for the real economy, especially small and micro enterprises, technological innovation, and green development.
As the main force supporting the development of the real economy, the banking industry must take the responsibility of stabilizing the macro economy, continue to improve the quality and efficiency of serving the real economy, and firmly hold the bottom line of avoiding systemic financial risks.
Since the beginning of this year, the banking industry has continued to promote supply-side structural reforms. While providing sufficient "blood" for the real economy, it has also promoted the continuous optimization of the credit structure.
In the first 10 months, various loans of the banking industry increased by 17.9 trillion yuan, an increase of 78.3 billion yuan year-on-year. The capital supply was reasonable and abundant, which effectively met the reasonable funding needs of the real economy.
The credit structure continued to be optimized.
In the first 10 months, manufacturing loans increased by 2.3 trillion yuan, an increase that exceeded the scale of last year, of which 82.6% were medium and long-term loans; loans for inclusive small and micro enterprises increased by 3.2 trillion yuan, continuing to maintain rapid growth. A year-on-year increase of 24.6%, and the number of loan households increased by 27.6% from the beginning of the year; loans to private enterprises increased by 5 trillion yuan, newly issued private enterprise loans accounted for 53.5% of newly issued corporate loans, and the number of newly issued private enterprise loans increased year-on-year 28.2%.
At the same time, real estate loans have remained stable.
The banking industry must fully support the high-quality development of the economy, "good steel must be used on the blade", and credit funds need to be operated more accurately and effectively.
Guo Shuqing, Secretary of the Party Committee and Chairman of the China Banking and Insurance Regulatory Commission, stated that it is necessary to focus on the strategy of expanding domestic demand, accurately support the construction of major projects during the 14th Five-Year Plan period and the implementation of the national development strategy, and meet the capital needs for moderate advance investment in infrastructure.
It is necessary to promote bancassurance institutions to support technological independence and self-reliance, and to guide the increase of medium- and long-term loans to the manufacturing industry.
Guide financial institutions to do a good job of "six stability" and "six guarantees", and increase support for small and micro enterprises, technological innovation, and green development.
Strengthen financial support for "specialized, special and new" enterprises, promote financing increment, expansion, and price reduction for small, medium and micro enterprises, optimize financial services for the private economy, and continue to guide the financial system to transfer profits to the real economy.
Improve the green financial policy system, promote a green and low-carbon transition, and support energy supply and price stability.
Strengthen financial support for rural revitalization and promote common prosperity.
For banking institutions, it is necessary to strengthen support for the real economy, conduct a sound monetary policy, follow up with the proactive fiscal policy to promote the expansion of domestic investment, better serve the smooth circulation of the national economy, and further strengthen the manufacturing, technological innovation, and The financial support of "double carbon" and coordinated regional development will help stabilize the macroeconomic market.
Chen Siqing, Secretary of the Party Committee of Industrial and Commercial Bank of China, said that it is necessary to continuously improve the accuracy and adaptability of financial services, continuously improve services for small, medium and micro enterprises, better support the development of "specialized, special and new" enterprises, and in-depth promote the development of urban and rural linkages to promote rural revitalization. Further support the stability of employment and stimulate the vitality of market players.
In supporting green development, the banking industry must have a clear understanding. It is necessary to promote the banking industry to play a more important role in it, and it must also be careful not to implement a “one size fits all” approach.
Pan Guangwei, secretary of the Party Committee and full-time vice chairman of the China Banking Association, believes that to actively promote banking financial institutions to incorporate green finance into the corporate governance system, all banks must strengthen top-level design and formulate support for carbon peaks and carbon peaks in line with their own market conditions and characteristics. Carbon neutral planning promotes green and low-carbon transformation; it is necessary to promote banks to innovate carbon financial products and businesses.
Encourage banks to carry out carbon financial innovation, explore innovative products such as green mergers and acquisitions financing, green asset management, climate bonds, blue bonds, and build a diversified and complete product system to meet diversified social needs; promote the active development of banking financial institutions Energy efficiency credit, green bonds and green credit asset securitization, and steadily carry out collateral financing businesses such as environmental rights and carbon emission rights.
"At present, my country's green financial services are divided into several sets of standards, and some objects, projects, scopes or green certification are not unified. The unification should be achieved as soon as possible in the future." There are still differences with the international mainstream system. In the future, it is necessary to consider how to achieve effective docking with international standards.
While facilitating the high-quality development of the real economy, the banking industry must firmly hold on to the bottom line of avoiding systemic risks.
Guo Shuqing said that the China Banking and Insurance Regulatory Commission will continue to prevent and resolve financial risks.
Improve the financial risk handling mechanism, and consolidate the responsibilities of institutions and shareholders.
Strengthen the qualification review of shareholders, strictly regulate the behavior of major shareholders, and increase punishment and public disclosure of shareholders who violate laws and regulations.
Adhere to "one company, one policy" and "one location, one policy" to deal with high-risk local small and medium-sized financial institutions, combining risk management with deepening reforms and promoting high-quality development.
"Preventing and resolving financial risks requires not only the financial management department, but also the further deepening of reforms in the industry, the improvement of institutional corporate governance mechanisms, and the enhancement of endogenous mechanisms and capabilities to prevent risks," said Dong Ximiao, chief researcher of China Merchants Finance.
Banking institutions must firmly hold the bottom line of risk.
Chen Siqing said that it is necessary to resolutely prevent and resolve major risks, implement the overall stabilization, overall coordination, classified policies, and precise bomb disposal policies, improve the risk management system, strengthen risk management in key areas such as local government debt and real estate, and deepen the understanding of capital characteristics and behavioral laws , Strengthen global market risk prevention and control, continue to fight the tough battle of asset quality, improve the foresight, initiative, and pertinence of risk management, and promote the stable and healthy development of the economic environment.
Lu Min