Author: Du Chuan

　　On September 23, a reporter from China Business News learned from the person in charge of the relevant departments of the China Banking and Insurance Regulatory Commission that China Development Bank had paid Shenyang City, Liaoning Province, on the 22nd, the country's first special loan for "guaranteing and handing over a building" to support the "guaranteed handover" project in Liaoning .

　　In addition, the heads of relevant departments of the China Banking and Insurance Regulatory Commission also responded one by one regarding the debt risks, non-performing assets, and deferred repayment of principal and interest of large and medium-sized enterprises.

　　The country's first "guaranteed handover" special loan is in place

　　With the joint efforts of many parties, the policy tool of "guaranteing the handover of buildings" is being continuously improved.

　　A reporter from China Business News was informed that on September 22, China Development Bank had paid Shenyang City, Liaoning Province, the country's first "guaranteed handover" special loan to support the Liaoning "guaranteed handover" project.

The person in charge of the relevant departments of the China Banking and Insurance Regulatory Commission told reporters that the China Banking and Insurance Regulatory Commission actively promotes and supports "guaranteeing the delivery of buildings and stabilizing people's livelihood", and instructs banks to actively participate in the reasonable solution of the hard capital gap under the orderly arrangement of cooperating with local governments to compact the responsibilities of all parties. Plan research, do a good job in providing qualified credit, and do everything possible to promote "guaranteing the delivery of buildings and stabilizing people's livelihood"; cooperate with the Ministry of Housing and Urban-Rural Development, the Ministry of Finance, the People's Bank of China and other departments to introduce measures in a timely manner, improve the policy toolbox, and support the existing projects through special loans from policy banks. The construction and delivery of residential projects that are difficult to deliver overdue sales will protect the legitimate rights and interests of home buyers and maintain social stability.

　　In August of this year, the Ministry of Housing and Urban-Rural Development, together with the Ministry of Finance, the People's Bank of China and other relevant departments, issued special measures to support cities in need in promoting the construction and delivery of residential projects that have been sold overdue and difficult to deliver by means of special loans from policy banks.

　　The person in charge pointed out that the bubble momentum of real estate financialization has been substantially reversed.

Adhering to the positioning of "housing for housing, not speculation", and focusing on the goal of "stabilizing land prices, housing prices, and expectations", we will continue to improve the long-term mechanism for real estate financial management.

Reasonably meet the financing needs of the real estate market, and prudently handle the risks of some leading real estate enterprises such as Evergrande.

　　Financial violations are severely punished

　　Preventing and defusing financial risks is the fundamental task and eternal theme of financial work.

　　The person in charge of the relevant departments of the China Banking and Insurance Regulatory Commission said that in recent years, Anbang Group, Huaxin Group and other enterprises with serious violations of laws and regulations have been dealt with in accordance with the law, and the takeover of Baoshang Bank and 6 insurance trust institutions of the "Tomorrow Department" has been completed.

The number of illegal fundraising cases, the amount involved, and the number of people involved have declined for three consecutive years.

Since 2017, the regulatory authorities have punished banking and insurance institutions 18,700 times in total, with a total of 14.037 billion yuan in fines and confiscations, exceeding the sum of administrative penalties in the previous ten years.

　　Debt risks of large and medium-sized enterprises are steadily resolved

　　In the past five years, the financial system has actively and prudently prevented and resolved various risks and hidden dangers in accordance with the tasks and requirements put forward by the Fifth National Financial Work Conference in 2017.

After arduous efforts, risks in key areas have changed from rapid divergence to obvious convergence, and important phased results have been achieved in the battle to prevent and resolve major financial risks.

　　The person in charge of the relevant departments of the China Banking and Insurance Regulatory Commission said that the debt risks of some large and medium-sized enterprises have been smoothly resolved.

Among them, a number of large-scale corporate debt risk incidents involving large amounts of debt, such as Bohai Iron and Steel, HNA Group, Northeast Special Steel, and Peking University Founder, have been dealt with smoothly.

As of the end of August this year, the amount of market-based and legalized debt-to-equity swaps was about 2 trillion yuan.

　　The person in charge emphasized that the current economic recovery is at a critical juncture, the economic operation is facing some unexpected shocks, and the complexity, severity and uncertainty of the economic development environment are rising. The good momentum of sustained recovery and development has not changed, and the factors supporting high-quality development have not changed.

my country's banking and insurance industry operates stably, with significantly enhanced risk resistance capabilities, overall stable asset quality, and fully controllable risks.

　　The cumulative disposal of non-performing assets in 5 years is 13.5 trillion yuan

　　In recent years, the total assets of the banking and insurance industry have grown steadily.

According to the latest data from the my country Banking and Insurance Regulatory Commission, at the end of August 2022, the total assets of China's banking financial institutions were 361.2 trillion yuan, a year-on-year increase of 9.8%.

The total assets of the insurance industry were 26.6 trillion yuan, a year-on-year increase of 10.3%.

At the same time, the overall risk compensation capacity is sufficient.

At the end of August, the balance of non-performing loans of banking financial institutions was 3.8 trillion yuan, the non-performing loan ratio was 1.80%, a year-on-year decrease of 0.10 percentage points, and the provision coverage ratio was 200.5%.

　　The person in charge of the relevant departments of the China Banking and Insurance Regulatory Commission said that the identification and disposal of non-performing assets in the banking industry has made great strides.

From 2017 to the end of July 2022, the cumulative disposal of non-performing assets was 13.5 trillion yuan, exceeding the total disposal amount in the previous 12 years. In order to deal with the bad rebound that may be caused by the impact of the epidemic, it has won the initiative and policy space.

　　Over 4 trillion yuan of deferred principal and interest repayment has been handled for small and medium-sized enterprises

　　According to the person in charge of the relevant departments of the China Banking and Insurance Regulatory Commission, the financial support for weak links is constantly increasing.

Clarify the regulatory requirements for financial services for small and micro enterprises, strengthen classified assessment and supervision, and continuously improve the coverage and availability of financial services for small and micro enterprises.

Guide banking institutions to further implement the policy of deferred repayment of principal and interest, actively follow up to understand the financing needs of small and medium-sized enterprises, individual industrial and commercial households, truck drivers, etc. Efforts should be made to "delay as long as possible" to effectively alleviate the liquidity difficulties of enterprises.

Since the beginning of this year, the amount of deferred principal and interest repayment has exceeded 4 trillion yuan for small and medium-sized enterprises, individual industrial and commercial households, and truck drivers.