Beijing News (Reporter Lu Min) “In 2021, the China Banking and Insurance Regulatory Commission and the entire banking and insurance industry system will rise to the challenge and take the initiative to take solid steps in various work.” Held at the State Council Information Office on March 2 At the press conference held by China Banking and Insurance Regulatory Commission, 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 contained, with macro leverage falling by about 8 percentage points, and asset expansion within the financial system returning to a low level, back to single digits again. The implicit debt situation of local governments tends to improve, The momentum of the real estate bubble and financialization has been fundamentally reversed. A number of high-risk enterprises and financial institutions with laws and regulations have been 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.”
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, and banking and insurance institutions will increase bond investment by 7.7 trillion yuan. The balance of medium and long-term loans for manufacturing increased by nearly 30% year-on-year, loans for scientific research and technology increased by 28.9%, and green credit increased by 21%.
In terms of inclusive finance, the volume of small and micro financial services increased and prices decreased. According to reports, in 2021, five large banks’ inclusive loans to small and micro enterprises will increase by 41.4%. Critical illness insurance 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.Return to Sohu, see more
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