China News Service, July 21. On the 21st, the State Council Information Office held a press conference on the operation and development of the banking and insurance industry in the first half of 2022. Qi Xiang, spokesperson of the China Banking and Insurance Regulatory Commission and director of the Regulatory Department, said that since the beginning of this year, the China Banking and Insurance Regulatory Commission has fully supported Stabilize the macroeconomic market, focus on preventing and defusing financial risks, continue to deepen the structural reform of the financial supply side, and promote the high-quality development of the banking and insurance industry.

　　First, fully support stable growth and stable employment of market players.

In the first half of this year, RMB loans increased by 919.2 billion yuan year-on-year, and banking and insurance institutions added 6.6 trillion yuan in bond investment, an increase of 3.3 trillion yuan year-on-year.

At the end of June, inclusive small and micro loans increased by 22.6% year-on-year, and comprehensive financing costs continued to decline.

Continue to implement the policy of deferred repayment of principal and interest, guide banking and insurance institutions to take the initiative to make continuous financing arrangements, and help enterprises in difficult industries to bail out and stabilize their jobs.

We supported moderately advanced infrastructure construction, and infrastructure loans increased by 2.6 trillion yuan in the first half of the year.

Consumption continued to recover, and household consumption loans increased by 158.9 billion yuan.

　　The second is to help economic transformation, upgrading and high-quality development.

Supervised banks to better serve technological innovation and "specialized, special and new" enterprises, and the growth rate of loans to the scientific research service industry exceeded 30%.

The high-quality development of the financial services manufacturing industry was promoted. In the first half of the year, loans to the manufacturing industry increased by 3.3 trillion yuan, an increase of 1.6 trillion yuan year-on-year, of which high-tech manufacturing increased by 28.9% year-on-year.

To help ensure energy supply, supply chain stability, and green and low-carbon transformation, we issued guidelines for green finance in the banking and insurance industries, and 21 major banks had a green credit balance of 18.6 trillion yuan.

A notice on strengthening financial services for "new citizens" was issued, and efforts were made to improve the quality and efficiency of financial services for new citizens.

　　The third is to continue to increase risk prevention and control efforts.

As of the end of June, the banking and insurance industry was operating in a stable manner, and the risk resistance capability continued to increase. The banking industry's capital and provision levels, and insurance solvency were sufficient, and the risk disposal of high-risk small and medium-sized banks and insurance and trust institutions was promoted in an orderly manner

.

Support local governments to issue special bonds to replenish the capital of small and medium-sized banks, and broaden the channels for capital replenishment.

Continue to increase the disposal of non-performing assets. In the

first half of the year, the disposal of non-performing assets was 1.41 trillion yuan, an increase of 219.7 billion yuan year-on-year.

Continued to reduce high-risk shadow banking business, entrusted loans and trust loans decreased by 380.6 billion yuan in the first half of the year.

Adhere to the positioning of "housing for housing without speculation", implement differentiated housing credit policies based on city-specific policies, support rigid and improved housing needs, and steadily resolve risks in the real estate sector.

We will closely monitor changes in the scale and solvency of the real economy's debt, and effectively prevent and control debt risks.

According to preliminary statistics, at the end of the second quarter, the provision coverage ratio of commercial banks was 203.8%, and the capital adequacy ratio was 14.87%.

At present, the average comprehensive solvency adequacy ratio of insurance companies is 224.2%, maintaining a strong risk resistance capability.

　　The fourth is to deepen the structural reform of the financial supply side.

Continue to improve the regulatory framework of laws and regulations, improve the long-term mechanism for risk prevention and control, the basic framework of the financial stability guarantee fund has been initially established, and the first batch of 64.6 billion yuan has been raised.

The Bank continued to strengthen the corporate governance of banking and insurance institutions, carried out special rectification work on equity and related-party transactions, and disclosed 124 illegal and illegal shareholders to the public five times in total.

Implement support policies for mergers and acquisitions of small and medium-sized banks, and encourage high-quality banking institutions to participate in mergers and acquisitions and regional integration.

Standardized the development of the third pillar endowment insurance, the pilot area of ​​exclusive commercial endowment insurance was expanded to the whole country, and the subscription amount of endowment wealth management exceeded 60 billion yuan.

Strengthen the empowerment of financial technology, and promote the digital and intelligent transformation of the banking and insurance industries.

　　Qi Xiang said that in the next step, the China Banking and Insurance Regulatory Commission will continue to follow the decisions and deployments of the CPC Central Committee and the State Council, perform its duties with due diligence, take responsibility, and conscientiously do a good job in stabilizing growth, preventing risks, and promoting reforms.

(Zhongxin Finance)