"In 2020, the banking and insurance industry will strive to overcome the impact of the COVID-19 epidemic, steadily respond to various risk challenges, continue to maintain a steady and good operation, and make new achievements in reform and development." At the press conference of the State Council Office held on 22nd, Liang Tao, vice chairman of China Banking and Insurance Regulatory Commission, said.
At the end of 2020, the loan balance of private enterprises nationwide increased by 14% year-on-year.
Recently, the financial management department has introduced normative measures for some Internet platform enterprises such as Ant Group to carry out clean-up and rectification. In this regard, Liang Tao said that these measures are completely consistent with the goal of supporting the long-term stable and healthy development of private enterprises, and will not affect the normal business development of related enterprises. China Banking and Insurance Regulatory Commission encourages banks and insurance institutions to cooperate with Internet platform enterprises, including interviewed enterprises, in accordance with laws and regulations, and the financial support policy remains unchanged and the intensity is not reduced.
"The financial supervision department has always supported the development of the private economy and guided financial institutions to provide all-round financial services for the private economy." Liang Tao said that the reasons for the financing difficulties of private enterprises should be objectively analyzed, including the problem of information asymmetry and the management of private enterprises. In the next step, China Banking and Insurance Regulatory Commission will further improve its institutional measures and make classified financing policies for private enterprises in different situations.
For example, for private enterprises with prominent main business, sound finance and good credit of major shareholders and actual controllers, banking institutions are required to insist on reviewing the primary repayment sources, reduce excessive dependence on mortgage guarantees, and increase credit loans. For private scientific and technological enterprises with advanced manufacturing, strategic industries and independent control of industrial chain supply chain, banks and insurance institutions are encouraged to substantially increase medium and long-term financial support, actively develop scientific and technological insurance, continuously improve financial services for scientific and technological innovation, support key core technologies, basic research and achievement transformation, and support innovative pledge financing products for intangible assets. For private enterprises and private Internet platform enterprises that can undertake the responsibility of scientific and technological innovation in the exhibition industry in compliance with laws and regulations, support banking and insurance institutions to carry out business cooperation with them in compliance with laws and regulations, provide quality financial services, and better support the real economy. Private small and micro enterprises that have good market prospects and strong employment absorption ability and meet the standards of inclusive small and micro enterprises will continue the policy of delaying the repayment of principal and interest and the credit loan support plan for inclusive small and micro enterprises, and guide banks to increase the investment of "first-time borrowers" loans, credit loans and medium and long-term loans, and keep the financing cost at a reasonable level.
The data shows that by the end of 2020, the loan balance of private enterprises nationwide was 50 trillion yuan, up 14% year-on-year, and the loan balance of inclusive small and micro enterprises was 15.3 trillion yuan, which was 18.1 percentage points higher than the growth rate of various loans.
The risks in the banking and insurance industries are generally controllable, and the ability to resist risks is enhanced.
According to the data released by China Banking and Insurance Regulatory Commission, by the end of 2020, the total assets of banking financial institutions were 319.7 trillion yuan, a year-on-year increase of 10.1%. Total liabilities were 293.1 trillion yuan, up 10.2% year-on-year. The main business and risk indicators are in a reasonable range. By the end of 2020, the balance of non-performing loans was 3.5 trillion yuan, an increase of 281.6 billion yuan over the beginning of the year; The non-performing loan ratio was 1.92%, down 0.06 percentage points from the beginning of the year.
"At present, the risk situation of the banking insurance industry is much better than what we estimated at the beginning of the year, and the risks are generally controllable." Xiao Yuanqi, chief risk officer and spokesperson of China Banking and Insurance Regulatory Commission, said that the main reason is that the banking and insurance institutions regard serving and supporting the development of the real economy as the starting point and the end result of their work. When the real economy develops well, the risks of bank insurance institutions will naturally be small; If the real economy does not develop well, the risks will naturally increase. At the beginning of last year, a series of bail-out policies were issued for private and small and micro enterprises, which bought time for enterprises to tide over the difficulties, and also prompted banks and insurance institutions to have enough space and time to strengthen their own management and better serve the real economy.
In the past year, the banking industry has taken various measures to dispose of existing non-performing assets and strictly investigated high-risk institutions. Take proactive measures to prevent risks in some key areas, such as real estate loans and shadow banking. At the same time, by issuing preferred shares, perpetual bonds, secondary capital bonds and other tools, the capital of commercial banks was supplemented by 1.34 trillion yuan, and the banking industry made a new provision of 1.9 trillion yuan, an increase of 113.9 billion yuan year-on-year, which enhanced the risk prevention capability of the banking industry.
According to preliminary statistics, commercial banks achieved a net profit of 2 trillion yuan, down 1.8% year-on-year. At the end of 2020, the capital adequacy ratio of commercial banks was 14.7%; At present, the comprehensive solvency adequacy ratio of insurance companies is 242.5%, and the core solvency adequacy ratio is 230.5%.
Focus on small and medium-sized institutions and strengthen corporate governance reform and supervision.
In recent years, China Banking and Insurance Regulatory Commission has attached great importance to the corporate governance reform and supervision of banks and insurance institutions. China Banking and Insurance Regulatory Commission completed the corporate governance assessment covering all commercial banks and insurance institutions for the first time, with 1,792 institutions participating in the assessment. Generally speaking, the rating results are mainly concentrated in the B (good) and C (qualified) levels, which total 1,400 institutions, accounting for 78.12%. There are 209 institutions rated as D or weak, accounting for 11.66%, and 182 institutions rated as E or poor, accounting for 10.16%.
According to reports, China Banking and Insurance Regulatory Commission, focusing on small and medium-sized institutions, severely cracked down on illegal behaviors such as false capital, holding shares on behalf of shareholders, direct interference by shareholders in company operations and transfer of benefits through improper related party transactions, investigated 4,600 corporate institutions, investigated and dealt with more than 3,000 stock rights violations, made public the list of shareholders of 47 banking and insurance institutions with serious illegal circumstances and particularly bad social impact in two batches, steadily carried out the clearing of illegal shareholders’ shares in high-risk institutions, and cleared off the problem shareholders in an orderly manner. This year, China Banking and Insurance Regulatory Commission will step up the introduction of corporate governance standards for banks and insurance institutions, supervision of major shareholders’ behavior, management of related party transactions, salary deduction, and performance evaluation of directors and supervisors.