Home » China Banking and Insurance Regulatory Commission: Preventing and resolving financial risks and achieving new results

China Banking and Insurance Regulatory Commission: Preventing and resolving financial risks and achieving new results

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A reporter from the Shanghai Securities News learned today that the China Banking and Insurance Regulatory Commission held a system-wide 2021 mid-year work seminar and a disciplinary inspection and supervision work (telephone) seminar on July 27 to summarize the work in the first half of the year, analyze the current situation, and arrange key tasks in the second half of the year.

Guo Shuqing, party secretary and chairman of the China Banking and Insurance Regulatory Commission, attended the meeting and gave a speech. Li Xinran, the leader of the discipline inspection and supervision team and member of the party committee, arranged and deployed the work of discipline inspection and supervision. Cao Yu, member of the party committee and vice chairman of the China Banking and Insurance Regulatory Commission, presided over the meeting, and other party committee members attended the meeting.

The meeting pointed out that since the beginning of this year, the China Banking and Insurance Regulatory Commission has resolutely implemented the decisions and deployments of the Party Central Committee and the State Council, conscientiously implemented the requirements of the State Council’s Financial Committee, and vigorously promoted the tasks set at the beginning of the year.BankInsuranceThe “14th Five-Year Plan” of the supervision work has got off to a good start.

First, the study and education of party history promoted the thought of party members and cadres into a new realm. Carry out in-depth “I do practical things for the masses” practical activities, and recover 8.8 billion yuan of losses for consumers through clearing up fees and dispute mediation.

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Second, new progress has been made in helping the transformation and development of the real economy. In the first half of the year, various loans increased by 13.5 trillion yuan,InsuranceThe balance of fund utilization increased by 1.4 trillion yuan. Among them, manufacturing loans increased by 1.7 trillion yuan, and agriculture-related loans increased by 3.03 trillion yuan.Research and technology loans increased by 23.7% year-on-year, mainlyBankgreenCreditAn increase of more than 1 trillion yuan. Loans to inclusive small and micro enterprises and private enterprises increased by 16.4% and 8.6% respectively from the beginning of the year.Average of newly issued inclusive loans to small and micro enterprisesinterest rateThis is a decrease of 0.23 percentage points from the level of last year.The first half of the yearInsuranceThe compensation amounted to 765.1 billion yuan, a year-on-year increase of 21%.

Third, new results have been achieved in preventing and resolving financial risks.The disposal of high-risk institutions is proceeding in an orderly manner, with high-risk shadowsBankThe scale has dropped by 23 trillion yuan from the historical peak, and the rectification of Internet platform companies has accelerated.real estateThe growth rate of loans was the lowest in eight years. Violations of laws and regulations were severely punished. In the first half of the year, a total of 1,420 institutions were punished, a total of 1.155 billion yuan was fined and confiscated, and 2,149 persons responsible were punished.

Fourth, new breakthroughs were achieved in the reform and opening up of the banking and insurance industry. Promulgated corporate governance standards, issued evaluation methods for directors and supervisors, and issued guidance on performance recourse deductions. A total of 180.7 billion yuan of local government special debt replenishment plans for 16 provinces have been approved. Continue to promote the comprehensive reform of auto insurance. At the end of June, the overall average car insurance premiums fell by 17% compared with before the reform, and the comprehensive loss ratio increased by 15 percentage points. Launch a pilot program for exclusive pension insurance.Accelerate the implementation of opening measures and approveBlackRockKenshinFinancial management, Schroder Bank of Communications,Goldman SachsA number of Sino-foreign joint ventures and wholly foreign-owned financial institutions such as ICBC Wealth Management and Allianz Insurance Asset Management Co., Ltd. were prepared or opened.

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Fifth, new progress has been made in comprehensively and strictly governing the party. Deeply promote the organic integration of party building and supervision, strengthen the construction of systematic leadership and cadres, and seriously investigate and deal with Guo Hong, Li Guorong, Yang Qinghe, Hu Xiaogang and other suspects of serious violations of discipline and law.

(Source: China Securities Net)

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