The total amount of credit has continued to increase, and financing costs have continued to decline

　　In the first quarter, the banking and insurance industry has achieved remarkable results in serving the real economy (authoritative release)

　　This newspaper, Beijing, April 16 (Reporter Zhao Zhanhui) On April 15, at the press conference of the State Council Information Office, the relevant person in charge of the China Banking and Insurance Regulatory Commission introduced the operation and development of the banking and insurance industry in the first quarter.

In the first quarter, various financial policies continued to work steadily, the banking and insurance industry operated stably and healthily, serving the real economy achieved remarkable results, and the ability to resist risks was steadily improved.

　　According to data released by the China Banking and Insurance Regulatory Commission, preliminary statistics show that in the first quarter, the total domestic assets of the banking industry were 351.1 trillion yuan, an increase of 8.9% year-on-year, of which various loans increased by 11% year-on-year.

The total debt of the banking industry was 321 trillion yuan, a year-on-year increase of 8.8%, of which various deposits increased by 9.3% year-on-year.

The total assets of the insurance industry were 25.5 trillion yuan, a year-on-year increase of 2.6%.

The original insurance premium income of insurance companies was 1.8 trillion yuan, a year-on-year increase of 4.4%.

　　The banking and insurance industry has achieved remarkable results in serving the real economy, which is mainly reflected in the "four continuations".

First, the total credit supply continued to increase.

From January to March, various domestic loans increased by 8.6 trillion yuan, a year-on-year increase of 445.5 billion yuan.

Second, the credit structure continued to be optimized.

Loans to the manufacturing industry increased significantly year-on-year, with an increase of 1.8 trillion yuan, 1.7 times the increase in the same period last year; the balance of inclusive loans to small and micro enterprises was 20.6 trillion yuan, an increase of 22.6% year-on-year, higher than the average growth rate of various loans 11.5 percentage points; the balance of high-tech industry loans exceeded 7 trillion yuan.

Third, financing costs continued to decline.

The annualized interest rate of newly issued corporate loans decreased by 0.2 percentage points from the beginning of the year, and the interest rate of newly issued inclusive small and micro enterprise loans decreased by 0.25 percentage points from the beginning of the year.

Fourth, support for the fight against the epidemic continued to increase.

Health and social work loans increased by 41.9 billion yuan, a year-on-year increase of 20 billion yuan; wholesale and retail loans increased by 1.2 trillion yuan, a year-on-year increase of 109.2 billion yuan.

　　Since the beginning of this year, key tasks such as helping enterprises to bail out, especially helping small and micro enterprises and individual industrial and commercial households to relieve financial pressure, have continued to intensify.

This year, the China Banking and Insurance Regulatory Commission will continue to clarify the work targets for the increase, expansion, quality improvement and price reduction of small and micro enterprise loans. According to preliminary statistics, by the end of March, the national inclusive small and micro enterprise loan balance has increased by more than 1.5 trillion yuan compared with the beginning of the year, which is higher than that of each country. The growth rate of loans has doubled; in the first three months, the interest rate of newly issued inclusive small and micro enterprise loans nationwide has dropped by 2.37 percentage points since the first quarter of 2018.

Liu Zhongrui, head of the Statistical Information and Risk Monitoring Department of the China Banking and Insurance Regulatory Commission, introduced that the China Banking and Insurance Regulatory Commission requires banks not to withdraw or cut off loans from small and micro enterprises and individual industrial and commercial households that are temporarily in financial difficulties due to the impact of the epidemic, and encourage banks to extend loans and adjust repayment arrangements. Banks should actively support loan renewals for small and micro enterprises and individual industrial and commercial households that meet the loan renewal conditions.

　　In addition, the China Banking and Insurance Regulatory Commission has strengthened the relief of the freight logistics industry, and has fully supported the smooth flow of freight logistics through various measures such as increasing financial support, helping key groups such as freight drivers, and innovating guarantee methods.

　　In the first quarter, various financial regulatory policies continued to exert force, and continued to increase support for the real economy from both ends of increasing financial supply and improving financial demand, making up for the shortcomings of financial services.

For example, the China Banking and Insurance Regulatory Commission recently issued a notice to strengthen financial services for "new citizens".

Wang Chaodi, chief inspector and spokesperson of the China Banking and Insurance Regulatory Commission, said that the China Banking and Insurance Regulatory Commission will guide financial institutions to reduce the cost of starting a business for "new citizens", optimize housing financial services, provide financial support for "new citizens" vocational skills training, and improve health insurance services. Level and gradually alleviate the information asymmetry in the process of financial services for "new citizens".

At the same time, the China Banking and Insurance Regulatory Commission continued to promote the development of pension finance business. In February this year, the pilot scope of pension wealth management products was expanded from "four institutions in four places" to "ten institutions in ten places".

By the end of the first quarter of this year, 16 pension wealth management products have been successfully launched, and 165,000 investors have subscribed for a total of 42 billion yuan. At present, eligible individual investors in 10 pilot areas can purchase pension wealth management products through online or offline channels.

　　While serving the real economy in quality and efficiency, banking and insurance institutions have steadily improved their ability to resist risks.

In the first quarter, the balance of non-performing loans in the banking industry was 3.7 trillion yuan, and the non-performing loan ratio was 1.79%, a slight decrease from the beginning of the year.

According to preliminary statistics, as of the end of March, the non-performing loan ratio of inclusive small and micro enterprises in the banking industry was 2.07%, a year-on-year decrease of 0.25 percentage points.

The balance of provisions of banking financial institutions was 7.3 trillion yuan, and the provision coverage ratio was 199.5%.

The solvency of the insurance industry remains at a high level.

　　"On the whole, the insurance industry of my country's financial institutions is running steadily, and all indicators are very sound." Ye Yanfei, head of the Policy Research Bureau of the China Banking and Insurance Regulatory Commission, said that the next step will continue to urge banking and insurance institutions to stick to the word of stability, seek progress while maintaining stability, and do We will study, judge and respond to external risks, effectively respond to the impact and impact of changes in the international economic and financial situation, and better serve the real economy.