On the 21st, the State Information Office held the third quarterBankindustryinsuranceIndustry data information and key supervision work conference, responding to market concerns on recent hot issues.
Do everything possible to ensure the reasonable financing needs of coal-fired power and other production enterprises
Recently, energy and power security has attracted much attention from the market. In response, Wang Chaodi, Chief Inspector of the China Banking and Insurance Regulatory Commission, Director of the General Office, and spokesperson, said that recently due to the imbalance of supply and demand, carbon neutral policies, extreme weather and other factors, traditional energy prices have continued to rise, and there are currently more than 30 Countries have been affected, both developed and developing countries. The tight supply of electricity and coal has also appeared in our country, which has led to the phenomenon of power rationing in some places, which has a certain impact on normal production.
On October 4, the China Banking and Insurance Regulatory Commission formally issued the “Notice on Matters Concerning Serving the Normal Production of the Coal and Electricity Industry and Orderly Circulation of the Commodity Market to Ensure the Stable Economic Operation”. In this notice, financial institutions are required to strengthen overall awareness and optimize coal power, Financial services in coal and other industries have effectively responded to the recent tight energy supply and demand situation, and made every effort to provide financial support for energy supply.
In the next step, the China Banking and Insurance Regulatory Commission will continue to strengthen the overall awareness, guide financial institutions to handle the relationship between development and emission reduction, overall and partial, short-term and medium-term and long-term, fully and accurately implement the new development concept, and fully understand the peak of carbon and carbon neutrality. Optimization of coal power,Coal industryThe importance of financial services is to do a solid job of financial support for energy supply.
The second is to do everything possible to ensure coal power, coal, steel,Non-ferrous metalsAnd other production companies’ reasonable financing needs, and urge financial institutions to give reasonable support to coal power, coal, heating and other enterprises and projects that meet the support conditions.Creditsupport. Provide services in establishing a rapid response mechanism and opening up green channels.At the same time, it also guidesBankinsuranceThe organization actively cooperates with local governments to support major coal and electricity producing areas and key coal companies and power generation companies in Shanxi, Shaanxi, Inner Mongolia, and Xinjiang to increase the supply of electric coal.
The third is to improve the level of fine management of credit. Support steel,Non-ferrous metalsIncluding the transformation and upgrading of traditional industries such as electric power. For companies that meet the development direction of energy security, supply and green and low-carbon transition, the short-term solvency pressure is greater, but the enterprises that meet the support conditions,BankInstitutions can rationally adjust the loan structure, repayment schedule, time limit, etc., in accordance with the principle of risk control and on the basis of independent negotiation between the bank and the enterprise.
Evergrande debt risk is generally controllable
Recently, Evergrande’s debt problem has attracted market attention. Liu Zhongrui, head of the Statistical Information and Risk Monitoring Department of the China Banking and Insurance Regulatory Commission, said that Evergrande is an isolated phenomenon and will not have a major impact on the industry or the reputation of the entire Chinese-funded enterprise.China’s macroeconomic stability and improvement have laid the foundation for the credit of Chinese-funded enterprises and laid the foundation forreal estateThe foundation for the long-term stable development of an enterprise. Relevant departments and local governments are carrying out Evergrande’s risk disposal and resolution work in accordance with laws and regulations in accordance with the principles of rule of law and marketization, and related work is progressing.
For the financial sector, it is mainly in accordance with the principles of marketization and rule of law, and in accordance withreal estateFinancial prudential management system requirements, cooperate with relevant departments and local governments to jointly maintainreal estateThe steady and healthy development of the market will safeguard the legitimate rights and interests of housing consumers. In Evergrande’s total debt, financial liabilities account for less than one-third of the total debt, and overall risk exposure is small. Moreover, its credits in various banks are relatively scattered. As far as a single bank is concerned, the overall risk exposure is not large, and the overall risk is controllable.
Guarantee the credit needs of the rigid need group
Liu Zhongrui said that in recent years, the China Banking and Insurance Regulatory Commission has resolutely implemented the requirements of the long-term real estate mechanism and promoted the stable and healthy development of the real estate market. The main work includes the following aspects:
First, urge banks to implement the regulatory requirements for real estate development loans and personal housing loans, and cooperate with the People’s Bank of China in implementing the real estate loan concentration management system, and the growth rate of real estate loans has stabilized and slowed down.
Second, ensure the credit needs of the rigid need group.In the loan down payment ratio andinterest rateThe first home buyers are supported. Currently, more than 90% of bank personal housing loans are first home loans.
Third, to implement policies in accordance with the city, guide dispatched agencies to cooperate with local governments in real estate regulation and control, and promote the steady and healthy development of real estate markets in various regions.
Fourth, severely punish violations of laws and regulations. Guide localities to carry out special investigations, do a good job in rectification and accountability of violations, and the problem of illegal inflow of business loans into the real estate sector has been effectively curbed. The nationwide special inspection of real estate has been carried out for four consecutive years, and penalties will be imposed on violations found in accordance with the law.
Fifth, provide financial support to the housing leasing market in a steady manner.Increase support for affordable rental housing, study detailed financial support measures, and work with the People’s Bank of China to promote real estate investment trustsfundPilot.
The outstanding balance of P2P online lending institutions drops to 500 billion yuan
In the first three quarters, the banking industryinsuranceThe operation of the industry was healthy and stable. At the end of September, the total domestic assets of the banking industry were 332.3 trillion yuan, a year-on-year increase of 8.2%. Total domestic liabilities were 303.9 trillion yuan, an increase of 8% year-on-year. The total assets of the insurance industry were 24.2 trillion yuan, a year-on-year increase of 12.8%.Corporate financing costs are steadily decreasing. From January to August, corporate loansinterest rateA year-on-year decrease of 0.13 percentage points.
Financial risk prevention and control capabilities have further improved. At the end of September, the domestic non-performing loan balance of the banking industry was 3.6 trillion yuan, and the non-performing loan ratio was 1.87%. At the same time, we adhere to laws and regulations, uphold integrity, and carry out orderly anti-monopoly and anti-unfair competition rectifications in the financial sector, prudently dealt with high-risk financial institutions, and strictly prevented the resurgence of high-risk shadow banking business. The scale of shadow banking continued to decline, and P2P online lending institutions The outstanding balance dropped from more than 800 billion yuan at the beginning of the year to 500 billion yuan.
In the first three quarters, a total of 2,369 institutions were punished, a total of 1.926 billion yuan was fined and confiscated, and 3,641 persons responsible were punished. Continue to complement the shortcomings of the regulatory system, and successively promulgate relevant policies such as commercial bank regulatory ratings, consumer rights protection regulatory evaluations, and regulations on the regulatory responsibilities of dispatched agencies. Efforts will be made to improve the digital and intelligent level of supervision, and enhance the ability of risk early warning research and judgment and the application of supervisory technology.
Guide financial institutions to support small and micro enterprises with “specialized, sophisticated, innovative”
Ye Yanfei, head of the Policy Research Bureau of the China Banking and Insurance Regulatory Commission, introduced the financial support of the China Banking and Insurance Regulatory Commission in guiding bancassurance institutions to support the development of small and micro enterprises, especially “specialized and new” small and micro enterprises.
Ye Yanfei said that the China Banking and Insurance Regulatory Commission actively cooperated with relevant departments to provide financial support and financial services for “specialized, special and innovative” small and micro enterprises. One is to guide banking institutions to focus on the “hard” aspects of small and micro enterprises. For example, the scale of assets and financial strength, while paying more attention to its “soft” competitiveness. For example, product quality, corporate branding, intellectual property value, and technological power have enabled more financial institutions to find more and better supportable “specialized and new” small and micro enterprises.
The second is to guide banking institutions in terms of maturity to match the production and operation cycles of “specialized and special new” enterprises as much as possible, especially from the development of new products to large-scale applications, which may be cross-cycle, encouraging operating institutions to increase long-term product launches .
The third is to guide banking institutions to increase credit loans as much as possible.
Fourth, in terms of collateral, in addition to traditional real estate mortgages, some new intellectual property mortgages, brand mortgages, accounts receivable and other movable property mortgages are introduced as much as possible, so that enterprises have assets that can be mortgaged. If the credit loan cannot be done, the mortgage can be extended to other areas as much as possible.
The fifth is to guide financial institutions, especially small and micro enterprises with relatively better local governments to provide some government guarantees or risk compensation.
In addition, the insurance company is guided to provide insurance for the first (set) of equipment and the first batch of materials, so as to guide the application of “specialized, special and new” small and micro enterprise products through the demand side, and promote the virtuous cycle of the entire production and operation.
Major banking institutions can complete rectification during the transitional period of the new asset management regulations as scheduled
The transition period of the new asset management regulations will end at the end of the year. Wang Chaodi said that the China Banking and Insurance Regulatory Commission will continue to urge banking institutions to adopt a variety of measures to make full use of transitional policies, mobilize internal and external resources, speed up the improvement process, and promote fundamental changes.Financial managementProduct market pattern and conceptual atmosphere. Judging from the preliminary situation, it is expected that by the end of this year, most banking institutions can complete the rectification tasks as scheduled. For the remaining small amount of difficult-to-dispose assets of individual banks, they shall be included in the special disposal of individual cases in accordance with relevant regulations until all are cleared.
Wang Chaodi said that at present, these uncorrected stock disposal assets are mainly invested in non-standardized debt, capital replenishment instruments and unlisted company equity, which generally exhibit features such as long maturity, poor liquidity, and greater difficulty in valuation. In this regard, the China Banking and Insurance Regulatory Commission will urge relevant banking institutions to establish special accounts at the head office level, lock down detailed plans one by one, adopt centralized and unified management, separate statistics, and strict accountability management measures, and actively adopt various disposal measures to reduce pressure to ensure Dispose of as soon as possible.
Insurance industry compensation expenditures increased by 18% in the first three quarters
Liu Zhongrui said that in recent years, the insurance industry’s ability to serve the overall situation of economic and social development has been continuously improved, and insurance functions such as social “stabilizer” and economic “booster” have continued to perform. Statistics show that in the first three quarters, the insurance industry provided a year-on-year increase of 25.7% in the amount of risk protection provided by the insurance industry, and the insurance industry’s compensation expenditure was 1.2 trillion yuan, an increase of about 18%. At the end of September, the balance of insurance fund utilization increased steadily, reaching 22.3 trillion yuan.
Specifically, there are five aspects:
First, in responding to major natural disasters and accidents, the insurance industry provides economic compensation for the people to restore production and life. In this regard, corporate property insurance paid 19.15 billion yuan, and agricultural insurance paid 39.04 billion yuan. Just now, the chief of the dynasty brother mentioned in the opening introduction that the insurance industry provided more than 8.4 billion yuan in compensation for the heavy rain disasters in Henan and Shanxi this year, reflecting the importance of insurance in the critical moments of fighting disasters, rescuing crises, emergency and rescue. effect.
Second, in terms of actively participating in social management, the insurance industry paid 390.37 billion yuan and 32.66 billion yuan in external compensation through auto insurance and liability insurance, respectively.
Third, the insurance industry serves the lives and health of the people in terms of fully embodying that the sick can be treated, the weak can be helped, and the poor can be helped. Among them, health insurance compensation expenditures reached 311.56 billion yuan.
Fourth, in terms of enhancing the country’s economic innovation vitality and serving the real economy’s technological innovation, the insurance industry has provided over 2.2 trillion yuan in risk protection for technological innovation through the first (set) of major technological equipment insurance and technological insurance.
Fifth, in terms of financing. Insurance funds are important investors in the capital and bond markets, providing 14.1 trillion yuan in financial support for the development of the real economy through stocks, funds, bonds and other forms.
(Source: Securities Times)
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