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Banking Regulatory Commission: We are steadily and orderly promoting the reform of financial subsidiaries

January 11, 2019 16:16
source: China Securities Network

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Summary
[Banking Regulatory Commission: Actively and steadily promote the related work of the Banking Finance Subsidiary] Deputy Director of the Innovation Department of the Banking Insurance Regulatory Commission: It will follow the principle of “mature one, approve one” and actively and steadily promote the related work of the bank financial management subsidiary.

Liao Yuanyuan, deputy director of the Innovation Department of the China Insurance Regulatory Commission, said at the recent supervisory work briefing of the Banking Regulatory Commission on the 11th that the Banking Regulatory Commission is currently advancing steadily and orderly.Financial managementSubsidiary reform work. For the establishment of the financial management subsidiary, the principle that the Banking Insurance Regulatory Commission grasps is to actively and steadily advance, mature and approve one, and guide funds to enter the market step by step and maintain market stability. At the same time, the banks that have been approved will be guided to successfully start the operation as soon as possible. For the established financial subsidiaries, supervision and management will be strengthened to promote their compliance and prudent operation.

  【Related reports】

  Banking Regulatory Commission: We will promptly carry out the construction of supporting system for financial subsidiaries

Liao Yuanyuan, deputy director of the Innovation Department of the China Insurance Regulatory Commission, said on the 11th at the recent key supervision work of the Banking Regulatory Commission that the next step will be to carry out the construction of the supporting system of financial subsidiaries. For example, the financial capital management method and liquidity management method of the financial subsidiary, timely improve the regulatory asset management system, and will continue to strengthen the risk monitoring of the wealth management business and proactively prevent and resolve related risks. (Source: Securities Times Network)

  Bank of China Insurance Regulatory Commission Xiao Yuan Enterprise: There is no one-size-fits-all business in the rectification channel business.

On the 11th, Xiao Yuanqi, chief risk officer and spokesperson of the China Insurance Regulatory Commission, said that in the past two years, the regulatory authorities have targeted “precise strikes” on cross-financial services such as channel business, rather than adopting a one-size-fits-all approach to strong supervision. The focus will be on rectifying the following two types of channel services: First, it will promote the financial business of “de-realization”, such as partial financial management, inter-bank, and off-balance sheet financing. Second, focus on rectifying the channel business that violates laws and regulations and disrupts market order. We have severely cracked down on illegal and illegal financial activities and financial institutions that are in the market. (Source: Securities Times)

  Banking Regulatory Commission: New loans of 15.6 trillion in 2018, accounting for 83.4% of the increase in social financing

On January 11, the China Insurance Regulatory Commission held the “Recent Key Supervision Work Ventilation Meeting”. The relevant person in charge of the Banking Insurance Regulatory Commission disclosed that the current banking industry is running steadily, the risks are generally controllable, and the proportion of loans has steadily increased. As of the end of December 2018, banking industry loans grew by 12.6% year-on-year, about half of the growth rate of banking assets. New RMB loans totaled 15.6 trillion yuan, and the increase in RMB loans accounted for 83.4% of the increase in social financing.

  CreditThe quality was basically stable, and the non-performing write-offs increased. As of the end of December 2018, the non-performing loan balance of the banking industry was 2 trillion, and the non-performing rate was 1.89%. The balance of concern loans was 3.4 trillion, and the proportion of concerned loans was 3.16%, compared with 2016. The high point dropped by 1 percentage point. In 2018, the accumulated write-off was 988 billion yuan, a year-on-year write-off of 259 billion yuan. (Source: Securities Times Network)

  Banking Regulatory Commission: Non-performing loan balance of 2 trillion yuan at the end of 2018. Non-performing loan ratio of 1.89%

On the 11th, the Banking Insurance Regulatory Commission held the “Recent Key Supervision Work Ventilation Meeting”. Liu Zhiqing, deputy director of the Banking Insurance Regulatory Commission, said that the current banking industry in China is stable and risk-controlled.

Liu Zhiqing pointed out that the scale of the banking industry continued to grow and the proportion of loans increased steadily. According to preliminary statistics, as of the end of December 2018, the total domestic assets of the banking industry was 261.4 trillion yuan, a year-on-year increase of 6.4%. The total liabilities of the banking industry were 239.9 trillion yuan, a year-on-year increase of 6%.

The credit quality was basically stable and the write-off efforts were increased. As of the end of last year, the balance of non-performing loans of commercial banks was 2 trillion yuan, the non-performing loan ratio was 1.89%; the balance of concern loans was 3.4 trillion yuan, and the interest rate of loans was 3.16%, which was 1 percentage point lower than the 2016 high; over 90 days. The ratio of loans and non-performing loans was 92.8%, a decrease of 6.9 percentage points from the end of the previous year. In 2018, commercial banks accumulatively wrote off 980 billion yuan of non-performing loans, which was more than 259 billion yuan written off from the previous year, thus freeing up more space for private enterprises and small and micro enterprises.

In addition, the level of provisioning is higher and the risk resilience is enhanced. The balance of loan losses for commercial banks was 3.7 trillion yuan, an increase of 766.2 billion yuan from the end of the previous year. The provision coverage ratio and loan provision rate were 185.5% and 3.5%, respectively, up 5.1 and 0.24 percentage points from the end of the previous year. Under the circumstances that the loan loss preparation supervision requirements have been adjusted, the two indicators still maintain an upward trend.

Liquidity remained generally stable and interbank liabilities continued to contract. The renminbi excess reserve ratio of commercial banks was 2.64%, and the deposit-loan ratio was 74.3%, all within a reasonable range. The proportion of high-quality liquid assets was significantly higher than the international average. Inter-bank liabilities fell by 9.1% year-on-year, and some small and medium-sized institutions were over-reliant on short-term wholesale financing. (Source: China Securities Network)

(Article source: China Securities Network)

                (Editor: DF075)

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