Author: Du Chuan Editor in charge: Lin Jiechen
"The number of early repayments has increased significantly, the processing time has been shortened, and the difficulty of early repayment has gradually eased."
Faced with the increasing demand for early repayment from home buyers, some banks have canceled the function of mobile banking to handle early repayment, the appointment time is long, and they are required to go to the offline branch of the mortgage to apply... The difficult phenomenon of housing loan repayment in advance attracted the attention of regulators.
On February 24, a reporter from China Business News learned that the China Banking and Insurance Regulatory Commission recently held a special meeting, requiring banks to speed up the processing of backlog applications and provide early repayment services.
At the same time, special risk warnings were issued to remind consumers to be vigilant against the temptation of illegal intermediaries, recognize the risks of using operating loans in exchange for housing loans in violation of regulations, and protect their legitimate rights and interests.
The person in charge of the relevant department of the China Banking and Insurance Regulatory Commission emphasized that it will continue to increase the supervision of the illegal use of business loans and the illegal flow of consumer loans into the real estate sector.
In addition to housing loan issues, the heads of the above-mentioned departments also responded to issues closely related to financial consumers such as pensions and financial management.
Regarding the difficulty of repaying loans in advance: speed up the processing of backlog applications
"According to the market's feedback and our understanding, the number of early repayments has increased significantly, the processing time has been shortened, and the problem of difficulties in early repayments has been gradually alleviated." The person in charge of the relevant department of the China Banking and Insurance Regulatory Commission said that at present, commercial banks are Optimize relevant financial services and do a good job in handling early repayments.
Some banks have formulated special customer early repayment service plans and procedures, coordinated online and offline service channels, and ensured the predictability of repayment time.
Some banks have developed multi-channel service docking and set up special hotlines for early repayment of mortgages to provide convenience for customer consultation and business handling.
Some banks have deployed prepayment appointment functions on online channels such as mobile banking to improve service efficiency.
The China Banking and Insurance Regulatory Commission attaches great importance to the protection of consumer rights and interests. As early as February 9, it held a symposium with some commercial banks with the People's Bank of China, requiring commercial banks to strengthen the concept of customer-centricity, and do a good job in customer early repayment services in accordance with the contract. Improve service quality.
The China Banking and Insurance Regulatory Commission stated that in the next step, it will continue to guide commercial banks to provide real estate financial services in accordance with the contract with relevant departments, unblock online processing channels, speed up the efficiency of approval processing, and ensure that customers travel less and process quickly.
At the same time, we will continue to strengthen the supervision of the illegal use of business loans and the illegal flow of consumer loans into the real estate sector.
If consumers have early loan repayment or other financial business needs, please consult banks and other formal financial institutions to understand the relevant situation, avoid being misled by unscrupulous intermediaries, and protect their legitimate rights and interests.
About personal pensions: more than 24 million accounts have been opened
A development pattern with the participation of multiple subjects, the supply of various products, and the satisfaction of diversified elderly care needs has initially taken shape.
A reporter from China Business News learned from the China Banking and Insurance Regulatory Commission that in terms of commercial pension financial reform, as of January 2023, the balance of specific pension savings business is 26.32 billion yuan; there are 51 pension financial products with the characteristics of "stable, long-term, and inclusive" in existence, totaling 470,000 yuan. The accumulative purchase amount of investors is 100.4 billion yuan; the exclusive commercial endowment insurance realizes a total premium of 4.27 billion yuan, and the number of policies is 374,000. Among them, the number of insurance policies for new industries, new business forms and various flexible employment personnel exceeds 60,000, and the premium exceeds 170 million Yuan.
The commercial pension pilot project was launched on January 1 this year. At present, the National Pension Insurance Company and China Life Pension Insurance Company have started business for consumers, and the other two pilot companies are also actively preparing products.
According to data from the China Banking and Insurance Regulatory Commission, the pension annuity insurance will realize the original insurance premium income of 64.2 billion yuan in 2022, the number of insurance policies will be 22.52 million, and the accumulated liability reserve at the end of the period will be 665.9 billion yuan; The accumulated liability reserves have exceeded 5 trillion yuan.
In terms of the development of the personal pension system, at present, commercial banks have opened more than 24 million personal pension fund accounts; banking and insurance institutions are orderly launching savings deposits, wealth management products, commercial pension insurance, etc. for participants to invest in and purchase financial products.
In terms of the reform of pension financial institutions, the China Banking and Insurance Regulatory Commission issued the "Notice on Regulating and Promoting the Development of Pension Insurance Institutions" in 2021, which clearly requires pension insurance institutions to stick to their positions, deepen product and service innovation, and become the key to promote the high-quality development of the pension financial market. important force.
The person in charge of the relevant department of the China Banking and Insurance Regulatory Commission stated that various institutions are taking the initiative to transform in accordance with the requirements of the notice, gradually adjusting their business structure, and further focusing on the development of the main business of elderly care.
Regarding the new regulations on asset management: the net value rate of products increased by 80.4 percentage points
The person in charge of the relevant department of the China Banking and Insurance Regulatory Commission stated that the rectification and transformation in the past five years has laid an important foundation for the wealth management industry to enter a new stage of development.
At the same time, the new stage has put forward new requirements for the development of the wealth management industry, and there are still some problems and deficiencies.
For example, the wealth management product system is not rich enough, and the diversified wealth management needs of the people need to be improved; the net value management and disclosure of products are not standardized enough, the investment research system of wealth management companies still needs to be strengthened; investor services and education work need to be strengthened, etc.
After the release of the new regulations on asset management in 2018, the China Banking and Insurance Regulatory Commission has solidly promoted the rectification and transformation of wealth management business, made great efforts to rectify all kinds of asset management chaos, and severely punished violations of the regulations. To expedite the handling of cases.
After nearly five years of comprehensive management, the risks of shadow banking have been significantly reduced, the industry's risk chaos has been fundamentally reversed, and the rectification tasks during the transitional period of the new asset management regulations have been generally completed.
The first financial reporter learned that as of now, capital-guaranteed wealth management has been cleared, and expected income products have basically been reduced.
Industry chaos such as idling nesting has been significantly reduced, and multi-level nesting has been basically eliminated.
Interbank wealth management has been significantly reduced by 99.9% compared with the peak value.
The maturity mismatch has been fundamentally reversed, and the pooling operation has been rectified.
Non-standard investment has dropped sharply, and non-standard debt assets of wealth management investment issued by banks have dropped by 89.2% compared with when the new asset management regulations were released.
The expansion of high leverage was suppressed, and the average leverage ratio of products dropped by 7.2 percentage points from the peak value.
According to the person in charge of the relevant department of the China Banking and Insurance Regulatory Commission, the bank has strictly formulated a rectification plan for the submitted wealth management stock business, locked the base of assets to be disposed, and promoted the implementation of rectification through multiple measures.
For the remaining small amount of difficult-to-dispose assets of individual banks, they were included in individual case disposal according to regulations, and the liquidation was accelerated. The overall progress was better than expected, and the case disposal entered the final stage.
The successful completion of the five-year rectification and transformation of wealth management business marks the "clean start" of wealth management companies, and the industry has entered a new stage of high-quality development.
At present, the net value ratio of products exceeds 95%, which is 80.4 percentage points higher than when the new asset management regulations were released.
By the end of 2022, the scale of wealth management products in the whole market was 27.7 trillion yuan, creating 880 billion yuan of income for investors throughout the year. Since the release of the new asset management regulations, the cumulative income has been 4.4 trillion yuan, which has effectively expanded the property income channels of urban and rural residents and promoted Realize common prosperity.