Real estate financialization bubble tendency has been effectively curbed
The relevant person in charge of the China Banking and Insurance Regulatory Commission introduced at the press conference of the China Banking and Insurance Regulatory Commission on September 14 that the current banking and insurance industry is operating smoothly, risks are controllable, and the main operating and regulatory indicators are within a reasonable range.
After continuous rectification, major industry-related violations of laws and regulations have basically been eliminated, the tendency of real estate financialization bubbles has been effectively curbed, and risks in the field of online lending have continued to converge.
In the next step, the China Banking and Insurance Regulatory Commission will continue to innovate the methods and means of corporate governance and supervision to enhance the ability and level of corporate governance and supervision.
Intensify the verification and write-off of non-performing loans
Liu Zhongrui, the second-level inspector of the Information Department of the China Banking and Insurance Regulatory Commission, said that in the first eight months of this year, the banking industry’s loans increased by 15.2 trillion yuan, an increase of 3 trillion yuan over the same period last year. Credit funds were mainly invested in manufacturing, infrastructure, technological innovation, Key areas and weak links such as small and micro businesses, "agriculture, rural areas and farmers".
Among them, manufacturing loans increased by 1.8 trillion yuan, 109.2 billion yuan more than the total of the past four years.
Loans for infrastructure construction, wholesale and retail industries increased by 2.7 trillion yuan and 1.7 trillion yuan, an increase of 819.2 billion yuan and 731.8 billion yuan respectively year-on-year.
Liu Zhongrui introduced that at the end of August, the domestic non-performing loan balance of the banking industry was 3.7 trillion yuan, an increase of 504.1 billion yuan from the beginning of the year, and the non-performing loan ratio was 2.14%, an increase of 0.11 percentage points from the beginning of the year.
The banking industry has stepped up its efforts to write off non-performing loans. In the first eight months, a total of 730.2 billion yuan of non-performing loans was written off, a year-on-year increase of 96.3 billion yuan.
At the same time, the banking industry has increased its provision and provision. In the first eight months, it has drawn 1.4 trillion yuan in new provisions, an increase of 261.5 billion yuan year-on-year. The current provision balance is 6.5 trillion yuan, and the provision coverage rate is 176.5%. Strong credit risk resistance.
Major violations of laws and regulations are basically eliminated
In terms of chaos rectification, Zhu Tong, deputy director of the Banking Inspection Bureau of the China Banking and Insurance Regulatory Commission, introduced that since 2017, bank management chaos has been effectively contained, major industry-related violations of laws and regulations have basically been eliminated, and a number of cases involving large amounts of money and nature of the cases have been severely investigated and dealt with. Serious and serious cases of widespread public concern.
Problems that have severely disrupted the market, such as the "radish chapter", financial management "flying bills", private guarantees issued by the same industry, and violations of regulations, have almost disappeared.
Zhu Tong said that the policy of “no speculation in housing and housing” has been effectively implemented.
Continue to carry out special inspections on real estate loans in more than 30 key cities, reduce excessive credits to real estate companies with excessive leverage and excessive financial burdens, increase the investigation and punishment of "down payment loans" and consumer loan funds flowing into the housing market, and guide bank funding priorities Support shantytown reconstruction and other social security projects and residents' reasonable self-occupied housing needs.
The balance of loans for affordable housing projects has steadily increased, and the tendency of real estate financialization to bubble has been effectively curbed, which has helped the gradual return of real estate's livelihood properties.
In the field of Internet finance, Feng Yan, deputy director of the Inclusive Finance Department of the China Banking and Insurance Regulatory Commission, said that as of the end of August, only 15 online lending platforms were still operating.
Although substantial progress has been made in the special rectification of online lending risks, the follow-up work has tight time and heavy tasks, and risk resolution still requires a lot of arduous and meticulous work.
In the next step, all regions and departments should deal with stock risks as the core work for a longer period of time.
The first is that the disposal responsibility of each institution must be assigned to a dedicated class; the second is that all localities must continue to improve the asset disposal of closed institutions, and improve the fund repayment rate and return efficiency; the third is to accelerate the implementation of the institutional transformation pilot work; Efforts against malicious evasion of debts; fifth is to study the establishment of a long-term mechanism for Internet finance, establish a system for early detection, early warning, and early disposal of the incremental risks of online lending and illegal financial services to prevent Internet financial risks from the source.
Speeding up to make up for shortcomings in the corporate governance and supervision system
Deng Yumei, the first-level inspector of the Corporate Governance Department of the China Banking and Insurance Regulatory Commission, said that he will continue to innovate the methods and means of corporate governance and supervision, and improve the ability and level of corporate governance and supervision.
Continue to carry out a comprehensive evaluation and special rectification of the corporate governance of bancassurance institutions, strictly enforce accountability and punishment, strengthen public disclosure, and promote problem rectification.
At the same time, it will speed up to make up for the shortcomings of the corporate governance regulatory system, and will formulate or revise important corporate governance regulatory regulations such as the corporate governance guidelines for bancassurance institutions, the regulatory guidelines for the behavior of major shareholders, and the evaluation methods for directors and supervisors.
In addition, Wang Daqing, director of the Large Banking Department of the China Banking and Insurance Regulatory Commission, said that comparing the four major banks of industry, agriculture, China, and China Construction with 13 important global banks in the United States, Europe, Japan and other countries, they found that the four major banks have become more competitive in recent years. Significantly increased, and the gap with developed countries’ banks has narrowed significantly.
He emphasized that in recent years, the market share of the four major banks in my country's banking industry has continued to decline, only one-third, which is significantly lower than that of major developed countries, indicating that market competition is more adequate, financial structure is more stable, and risk prevention capabilities are stronger.
However, compared with large international banks, my country's large banks still have certain gaps in asset management, integrated operations, transnational operations, and risk control.
In the next step, the transformation direction of my country's large banks is mainly digital, and corporate governance must be further strengthened.