Home » China Banking and Insurance Regulatory Commission: The non-performing loan ratio of the banking industry in the first quarter was 1.79%, a slight decrease from the beginning of the year – yqqlm

China Banking and Insurance Regulatory Commission: The non-performing loan ratio of the banking industry in the first quarter was 1.79%, a slight decrease from the beginning of the year – yqqlm

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  Guangming Net News (Reporter Yuan Qing)State Council Information Office held a press conference on the 15th. China Banking and Insurance Regulatory Commission Chief Prosecutor, General Office Director, and spokesperson Wang Chaodi said at the meeting that the non-performing loan ratio of the banking industry in the first quarter was 1.79%, a slight decrease from the beginning of the year.

According to Wang Chao, in the first quarter, various financial policies continued to work steadily, various tasks started smoothly, and the overall results were better than expected. According to preliminary statistics, in the first quarter, the total domestic assets of the banking industry reached 351.1 trillion yuan, a year-on-year increase of 8.9%, of which various loans increased by 11% year-on-year. The total debt of the banking industry was 321 trillion yuan, a year-on-year increase of 8.8%, of which various deposits increased by 9.3% year-on-year. The total assets of the insurance industry were 25.5 trillion yuan, a year-on-year increase of 2.6%. The original insurance premium income of insurance companies was 1.8 trillion yuan, a year-on-year increase of 4.4%.

“In general, the risks of the banking and insurance industry are generally controllable. In the first quarter, the balance of non-performing loans in the banking industry was 3.7 trillion yuan, and the non-performing loan ratio was 1.79%, a slight decrease from the beginning of the year. The balance of provision for banking financial institutions was 7.3 trillion yuan. , the provision coverage ratio is 199.5%, and the solvency of the insurance industry is still at a relatively high level.” Wang Chao said.

See also  Resolution 16 of 02/20/2024 - Administrative and accounting provisions integrating the previous resolution n.14 of 30 January 2024 ''Provisions relating to the start of the new functions of the Economic Activities Office (UAE) unit, to the start of the Office unit for Work and Active Policies (ULPA) and the Professional Training Center Unit (CFP) and provisions relating to the management of the ULPA Unit and the UITDS Unit''

Brother Chao pointed out that the current international situation is more complex and severe, the imbalance between global supply and demand is exacerbated, the economic recovery is slowing down, domestic epidemics are frequent, market players have significantly increased difficulties, and the downward pressure on the economy continues to increase. However, China’s economic operation has generally remained within a reasonable range, and the fundamentals of strong economic resilience and long-term improvement will not change.

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责编:杨煜 ]

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