Xinhua News Agency, Beijing, April 3rd: Where did the money go? ---- The 2019 annual report reflects the new trend of the banking industry
Xinhua News Agency reporters Li Yanxia, Zhang Qianqian, Wu Yu
As of now, a number of listed banks' 2019 annual reports have been disclosed. As the main channel for corporate and residential financing, the banking industry's credit investment and asset quality have attracted much attention.
Increased investment in transportation, manufacturing and new focus this year
In 2019, under the guidance of the policies of the regulators, the banking industry will increase credit investment in manufacturing.
The annual report shows that ICBC's manufacturing loans increased by nearly 120 billion yuan in 2019, and the balance reached 1.45 trillion yuan. At the end of 2019, the Bank's domestic manufacturing loans exceeded 1.3 trillion yuan, accounting for 22.47% of all corporate loans.
"We have begun to see results in credit manufacturing through the introduction of credit policy and the granting of additional assessment subsidies. With the intensification of infrastructure construction, we believe that manufacturing loans in 2020 will be based on controllable risks. Maintain steady growth, "said Fang Heying, the president of CITIC Bank.
Infrastructure industries such as transportation are still the focus of the banking industry. According to the annual report, at the end of 2019, ICBC's loans in the "Transportation, Storage and Postal Industry" category accounted for 24.9% of total corporate loans, while ABC accounted for 23.1%, ranking first.
"BOC's credit to the transportation infrastructure industry in 2019 will reach 200 billion yuan. As companies resume work and production gradually return to normal, and the transportation infrastructure industry has greater credit demand, we will further increase support." Bank of China Vice President Lin Jingzhen Means.
Regarding the credit launch plan for 2020, many banks have stated that they will continue to maintain a steady growth in loans, actively optimize the credit structure, and ensure that the real economy is served more accurately.
"It is expected that there will be a major change in loan investment this year." Zhang Gengsheng, deputy governor of China Construction Bank, said that this year CCB will support more in the field of medical and health care, new infrastructure construction, and accelerate support for traditional infrastructure.
Small and micro enterprises and private enterprises are still the focus of support. Agricultural Bank of China said that in 2020, it will ensure that inclusive loans for small and micro businesses will increase by more than 220 billion yuan; Bank of China said that in 2020, inclusive financial loan plans will increase by no less than 90 billion yuan to ensure early and early deployment; Micro enterprises and inclusive finance have arranged business growth of about 30%.
Large personal loan growth and subsequent increase are still expected
The annual report shows that in 2019, personal loans represented by personal housing loans, credit card loans, etc. have increased significantly.
Data show that at the end of 2019, the personal loan balance of CCB was 6.48 trillion yuan, accounting for 43.12% of the total loan balance; at the end of 2019, the personal loan balance of ABC was 5.4 trillion yuan, an increase of 15.6% over the end of the previous year; individuals including ICBC overdrafts Total loans increased by 747.1 billion yuan, a year-on-year increase of 13.3%.
Personal loans of some joint-stock banks have accounted for half of the total. At the end of 2019, China Merchants Bank's retail loans accounted for 52.61%, and Ping An Bank's personal loans accounted for 58.4%.
Experts said that under the background of economic downward pressure, due to less capital occupation and relatively low risk, personal loans have become a tilted direction for many banks. This is conducive to strengthening the ability to resist economic cycle fluctuations, and will also play a driving role in household consumption.
The sudden outbreak of new crown pneumonia has a large impact on household consumption. Will banks' adjustments to personal loans be adjusted?
"Although consumer credit and credit card loans have been affected by the epidemic in the short term, China's economic development will inevitably shift to domestic demand. With the epidemic being effectively controlled, the market potential will gradually rebound and release." Ji Zhihong, vice president of China Construction Bank, said it would be better To connect consumer demand and expand the coverage of consumer loans.
Cui Yong, deputy governor of the Agricultural Bank of China, said that at the end of 2019, the balance of personal housing loans of the Agricultural Bank of China reached 4.1 trillion yuan, accounting for 31.2% of the total loans. development of.
"The epidemic will change the long-term and long-term consumption patterns of individual customers, and partly change the way banks and customers interact. This epidemic strengthens BOC's determination to digitally transform. We will further strengthen our digital capabilities and enhance our online operations. "The vice president of the Bank of China, Zheng Guoyu, said.
Improved asset quality and controllable epidemic effects
Financial support for the real economy must be based on its own stable operation.
The annual reports of many banks show that the overall asset quality of the banking industry is improving in 2019. The non-performing loan ratios of the five major banks all decreased compared with the previous year, of which the Agricultural Bank of China experienced the largest decline, reaching 0.19 percentage points. ICBC's non-performing loan ratio decreased by 0.09 percentage points, achieving 12 consecutive quarters of decline; the Bank of China, China Construction Bank, and Bank of Communications' non-performing loan ratios decreased by 0.05, 0.04, and 0.02 percentage points from the previous year, respectively.
Except for state-owned banks, the non-performing loan ratios of joint-stock banks such as China Merchants, Minsheng, CITIC, and China Everbright Bank all declined.
At the same time, the leading indicators of many banks' non-performing loans have improved, including concerns over loans and declines in overdue loans, which means that the pressure on the decline in the quality of banking assets has been eased.
Experts believe that the quality of the banking industry's assets has stabilized and improved, mainly due to the stable operation of the macro economy, the optimization of bank credit structures, the continuous improvement of risk control measures, and the enhancement of collection and disposal.
It is worth noting that due to the impact of the new crown pneumonia epidemic and fluctuations in global financial markets, uncertainties in the banking industry will increase in 2020.
Several bank executives said that bank risks under the epidemic were generally manageable. Zhang Qingsong, president of the Agricultural Bank of China, said that risk assessment and monitoring have been carried out in industries, regions and customers that have been affected by the epidemic, and measures have been taken to prevent and resolve them. The impact of the epidemic is temporary and controllable.
ICBC President Gu Yan said that the long-term improvement of China's economy has not changed, and China still has a lot of policy space. The successive introduction of supporting policies will help enterprises accelerate their recovery, which will provide a strong support for banks to maintain stable asset quality .