Home » Last year, RMB loans increased by nearly 2 trillion yuan, the scale of shadow banking was reduced, and the risks were controllable – Xinhua English.news.cn

Last year, RMB loans increased by nearly 2 trillion yuan, the scale of shadow banking was reduced, and the risks were controllable – Xinhua English.news.cn

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Last year, RMB loans increased by nearly 2 trillion yuan, the scale of shadow banking was reduced, and the risks were controllable – Xinhua English.news.cn

Summary

[Last year, RMB loans increased by nearly 2 trillion yuan, and the scale of shadow banking was reduced and the risk was controllable]”In 2021, the China Banking and Insurance Regulatory Commission and the entire banking and insurance system will face the difficulties and take the initiative to take solid steps in various tasks. At a press conference held by the State Council Information Office on March 2, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, introduced the relevant situation of promoting a virtuous circle of economic and financial development and high-quality development.

“In 2021, the China Banking and Insurance Regulatory Commission and theBankindustryinsuranceThe industry system rose to the challenge and took the initiative to take solid steps in various work. “At the press conference held by the State Council Information Office on March 2, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, introduced the relevant situation of promoting a virtuous circle of economic and financial development and high-quality development. “In 2021, risks in key areas will continue to be controlled, and the macro leverage ratio will be Down by about 8 percentage points, asset expansion within the financial system returned to low levels, back in the single digits again. The implicit debt situation of local governments tends to improve, and the momentum of real estate bubble and financialization has been fundamentally reversed. A number of high-risk enterprises and financial institutions that violated laws and regulations were dealt with in an orderly manner. All P2P online lending institutions have ceased operations, and the outstanding loan balance has dropped to 490 billion yuan. “

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Guo Shuqing introduced that the financial industry strongly supports the recovery of the national economy and steady growth. In 2021, RMB loans will increase by nearly 20 trillion yuan,BankinsuranceInstitutions increased bond investment by 7.7 trillion yuan.The balance of medium and long-term loans for the manufacturing industry increased by nearly 30% year-on-year, and the loans for scientific research and technology increased by 28.9%.creditup 21%.

In terms of inclusive finance, the volume of small and micro financial services increased and prices decreased.According to reports, in 2021, five largeBankInclusive loans to small and micro enterprises increased by 41.4%.serious illnessinsuranceIt has covered 1.22 billion urban and rural residents. In 2021, agricultural insurance will provide 4.7 trillion yuan of risk protection for 180 million households. The pilot area of ​​exclusive commercial endowment insurance has been expanded nationwide.

In terms of risk prevention, data released by the China Banking and Insurance Regulatory Commission showed that the size of shadow banking nationwide decreased by 4.2 trillion yuan last year. Guo Shuqing said that these risks are generally controllable, and the related risks will be gradually resolved from high to low in the future.

(Article source: Economic Daily)


Article source: Economic Daily

Responsible editor: 10

Original title: Last year, RMB loans increased by nearly 2 trillion yuan, the scale of shadow banking was reduced, and the risks were controllable

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