China-Singapore Finance, March 2 (Gong Hongyu Shao Wanyun) On the 2nd, the State Council Information Office held a press conference on the promotion of a virtuous economic and financial cycle and high-quality development. Many hot issues, China Banking and Insurance Regulatory Commission Chairman Guo Shuqing responded one by one.
The real estate bubble has been fundamentally reversed
Last year, housing prices fell, and the bubble and monetization problems of real estate were fundamentally reversed. The real estate market is not as active as before, but housing is still needed, especially rental housing, and decoration is still needed. Service is meaningful.
I don’t want the house price adjustment to be too drastic, I want to change it smoothly
At present, some adjustments to the price of real estate and some changes in the demand-side structure are good for the financial industry, but we don't want the adjustment to be too drastic and have too much impact on the economy, so we still need to make a smooth transition.
I waited half a year to apply for a provident fund loan to buy a house 20 years ago
More than 20 years ago, personal housing loans were actually very inconvenient.
I have personal experience. At that time, when I was the director of the foreign exchange bureau, I applied for a housing provident fund loan, and it took half a year for the application to be issued.
But later real estate financial services improved very quickly, and now there are a lot of mortgage loans, which account for a high proportion of large bank loans.
We repeatedly remind them to pay attention to risks, because many people buy housing loans for investment and speculation, and if house prices fall or other problems occur in the future, it will be a huge financial crisis.
Data map: Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, was interviewed.
Photo by China News Agency reporter Hou Yu
A special document will be issued to guide financial institutions to serve "new citizens"
The so-called "new citizens" are those who have already lived in cities and towns, but have no household registration; or those who have just obtained their household registration for less than two or three years.
The population of this population is about 300 million, and they are all facing the needs of living and working in peace and contentment, employment and entrepreneurship, renting and buying a house, children going to school, and the elderly for the care of the elderly.
A special document will be issued to make recommendations to banking and insurance institutions to serve these "new citizens".
Pension savings pilot is about to start
Standardize the development of the third pillar pension insurance, the pilot area of exclusive commercial pension insurance has been expanded to the whole country, the pilot project of pension wealth management products has been expanded to "ten places and ten institutions", the pilot program of pension savings will be launched soon, and
the commercial pension business for low- and middle-income groups is also being launched.
Get ready
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According to the relevant reports of the World Bank and the International Monetary Fund, China's financial inclusion services have maintained an international leading level.
Resolutely curb the disorderly expansion of capital in the financial sector
In 2021, the China Banking and Insurance Regulatory Commission will resolutely curb the disorderly expansion of capital in the financial sector, strengthen the supervision of non-financial enterprises investing in financial institutions, and build a firewall between industrial capital and financial capital.
Strengthen financial anti-monopoly and anti-unfair competition, regulate business cooperation between licensed institutions and Internet platform companies, and maintain market order.
Strictly investigate the corruption behind the chaos in the financial sector
In 2021, we will jointly promote the punishment of financial corruption and the prevention and control of financial risks, and strictly investigate the corruption behind various chaos in the financial field.
In 2021, the CBIRC revised and issued 14 departmental regulations and 44 normative documents.
Significantly increased the cost of violations of laws and regulations, punished 3,870 banking and insurance institutions, and punished 6,005 responsible persons, with a total of 2.7 billion yuan in fines and confiscations.
Data map: China Banking and Insurance Regulatory Commission.
Photo by China News Agency reporter Jia Tianyong
The rectification and improvement of 14 platforms such as Ant Group are relatively smooth
The rectification has been carried out since the previous year, and the overall progress is still relatively smooth.
The financial business carried out by these platforms was not included in our supervision in the past because of its certain innovation, but is now gradually being included in the supervision, and there is a process.
Difficulties will be encountered during the rectification process, including the identification or appraisal of these products by enterprises and management departments, such as data, personal information, personal privacy protection issues, corporate information, and trade secret protection issues, involving many aspects, very It's complicated, but overall we feel confident enough to get it right.
Russia-Ukraine conflict will not have much impact on China's economy and finance
As far as financial sanctions (on Russia) are concerned, unilaterally initiated sanctions are not in favor, because they do not work well and have little legal basis.
We will not participate in such sanctions, and we continue to maintain normal economic and trade and financial exchanges with relevant parties.
As for the impact of sanctions on China's economy and finance, it does not seem to be too obvious now, and we still need to observe, but in general we don't think it will have much impact in the future, because our economy and finance are very stable and resilient.
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