Chinanews.com, March 2nd. The State Council Information Office held a press conference on the 2nd to promote the high-quality development of the banking and insurance industry. Guo Shuqing, Chairman of the China Banking and Insurance Regulatory Commission, revealed at the meeting that the "shadow banking" has been dismantled in an orderly manner, and the scale is suppressed. Dropped by about 20 trillion.
The reporter asked at the meeting that last year was the final year of the battle to prevent and defuse financial risks. What key progress have we made in the past three years?
What is the focus of financial risk prevention and control in the next step?
In this regard, Guo Shuqing said that in terms of preventing and resolving financial risks, the most prominent aspect of the banking and insurance industries is to first reduce the high leverage within the financial system in accordance with the requirements of the central government.
In the past, the financial system developed rapidly over a period of time. From 2017 to 2020, the average annual growth rate of total assets of the banking and insurance industries has dropped to a relatively low level. The banking industry is 8.3%, the insurance industry is 11.4%, and roughly only 2009. Half of the average annual growth rate from 2016 to 2016, the proportion of idling interbank assets within the financial system has dropped significantly. This is a very important achievement, which also determines the smooth operation of the banking system and the entire financial system, and overall risk control.
Guo Shuqing said that the banking industry has increased its efforts to dispose of non-performing assets. Just now, it was mentioned that the disposal of non-performing loans in four years is equivalent to the sum of the previous 12 years.
Guo Shuqing revealed that the "shadow bank" has been dismantled in an orderly manner.
In the past, "shadow banking" was large in scale, and its biggest feature was that it did not follow the bank's rules when doing banking business.
For example, banks have sufficient capital. These platforms have no capital constraints, no regulatory constraints, and no market constraints. Therefore, the problem is more serious. The scale of "shadow banking" has dropped by about 20 trillion yuan, making the financial system relatively healthy and comparative. stable.
Guo Shuqing said that financial illegal and criminal acts have been severely punished, the risks of illegal financial groups have been gradually resolved, and a large number of illegal fund-raising cases have been dealt with in an orderly manner.
The problems in these areas have fundamentally improved.
When talking about risks in the real estate sector, Guo Shuqing said: “The tendency of financialization and bubbles is still relatively strong, but last year the growth rate of loans invested in real estate dropped below the average loan growth rate for the first time. This achievement was hard-won. We believe that , The real estate problem will gradually get better. Now we are also taking a series of further measures, and you may also notice that each city’s "one city, one policy" has launched comprehensive real estate control measures, with the purpose of stabilizing land prices, housing prices, and expectations. Gradually solve the real estate problem."
When it comes to the real estate "gray rhino" issue, Guo Shuqing pointed out that many people buy houses not for living, but for investment or speculation. This is very dangerous, because holding so many real estate, if the market goes down in the future, personal property will be lost. There will be great losses, the loans will not be repaid, and the banks will not be able to collect the loans, principal and interest, and economic life will be greatly chaotic. Therefore, it is necessary to actively and steadily promote the steady and healthy development of the real estate market.