Cctv newsOn March 22nd, the State Council Office held a press conference to cope with the impact of international epidemic and maintain the stability of financial markets. Liang Zhou, vice chairman of the Bank of China Insurance Regulatory Commission, said that the turmoil in the international financial market and the downward pressure on the domestic economy will definitely have a certain impact on the banking and insurance industry in China, but overall, the impact will not be too great. Economic stability leads to financial stability. From a fundamental point of view, the long-term trend of China’s economy has not changed.
Guard against financial risksIs the eternal theme of the financial industry. The financial market order is constantly improving. Since the National Financial Work Conference, China Banking and Insurance Regulatory Commission has focused on preventing and resolving financial risks, and has achieved positive results. The national macro leverage ratio has remained basically stable, and financial risks have also changed from the original divergent state to convergence. In the past three years,The total amount of non-performing loans handled by the banking industry reached 5.8 trillion yuan, and high-risk businesses such as shadow banking and cross-finance dropped by 16 trillion yuan.A number of financial institutions with problems have been disposed of in an orderly manner.The risk of peer-to-peer lending (P2P) has also dropped significantly, and the number of online lending institutions actually operating at present has decreased by nearly 90% compared with three years ago.A number of illegal fund-raising cases have also been severely investigated and punished, and the relevant personnel have also been punished.
Banking and insuranceRisk resilience and coping resourcesVery abundant. In recent years,Return to the source or focus on the main business, has become the development trend of banking and insurance industry. In January and February this year, new RMB loans reached 4.2 trillion yuan, an increase of 130.8 billion yuan year-on-year, which strongly supported the prevention and control of the epidemic and economic growth. In February, although many enterprises closed down and the real economy of small and medium-sized enterprises was affected, from the financial data, the non-performing loan ratio of banking institutions only increased by 0.06 percentage points at the end of February compared with the beginning of the year, and the non-performing loan ratio is now 2.08%. At the same time, the loan loss reserve of banking institutions exceeds 6 trillion yuan.There are a lot of resources dedicated to dealing with future risks.The coverage ratio of provisions reached 181% (that is, 100 yuan of non-performing loans, and 181 yuan of loss reserves will be prepared there). The bank’s capital adequacy ratio has reached 14.6%, and the insurance solvency adequacy ratio is 247%.