Strictly investigate the behavior of small and medium-sized banks with high interest rates, and China Banking and Insurance Regulatory Commission’s latest disclosure has come

　　"After pre-regulatory investigation, at present, the deposit business of local small and medium-sized banks is mainly local, and the proportion of deposits in different places is very low, the stability of liabilities is enhanced, and the trend of localized operation of institutions is more obvious." On February 3rd, CBN reporter learned from the relevant person in charge of China Banking and Insurance Regulatory Commission.

　　In addition, the person in charge also introduced the latest progress in financial services to the real economy and the disposal of non-performing assets in 2022.

　　Strictly investigate the illegal absorption of deposits in different places.

　　Since China Banking and Insurance Regulatory Commission and the People’s Bank of China issued the Notice on Regulating Commercial Banks’ Personal Deposit Business through the Internet in January 2021, China Banking and Insurance Regulatory Commission has continuously supervised local small and medium-sized banks to implement the notice requirements and speed up the rectification progress.

　　According to the relevant person in charge of China Banking and Insurance Regulatory Commission, after the preliminary supervision and investigation, the deposit business of local small and medium-sized banks is mainly local, and deposits in different places account for a very low proportion of all deposits, and the debt stability is enhanced, and the trend of localized operation of institutions is more obvious.

　　The person in charge pointed out that local small and medium-sized banks should adhere to the positioning of serving the local area, serving agriculture, rural areas and farmers, and serving small and micro enterprises, adhere to the principle that funds come from the local area and are used locally, regulate the Internet deposit business in strict accordance with regulatory requirements, and prohibit the absorption of large personal deposits in different places.

　　The person in charge stressed that China Banking and Insurance Regulatory Commission will continue to thoroughly rectify the Internet deposits and off-site deposits of local small and medium-sized banks, and seriously investigate and deal with such acts as soliciting deposits at high interest rates and absorbing off-site deposits in violation of laws and regulations (including Internet channels). Supervision departments at all levels should pay close attention to the changes in the deposit business of small and medium-sized banks within their jurisdiction, intensify supervision and inspection, take strong supervision measures, resolutely correct the irregularities in the deposit business of local small and medium-sized banks, and protect the legitimate rights and interests of financial consumers.

　　Here, China Banking and Insurance Regulatory Commission also reminds financial consumers to enhance their awareness of risk prevention when handling deposit business, pay attention to factors such as whether the business channels are legal and whether the interest rate level is reasonable, and don’t entrust others to handle deposit business at will, and don’t be tempted by high interest rates to protect their "money bags".

　　More than half of the newly issued corporate loans are invested in private enterprises.

　　Policy-oriented development financial instruments are important tools for innovation and launch in 2022. Since 2022, a large number of major projects have started construction rapidly, accelerating the formation of physical workload, thanks to the important role played by this tool to some extent.

　　According to the relevant person in charge of China Banking and Insurance Regulatory Commission, by the end of 2022, about 740 billion yuan of policy and development financial instruments have been invested and more than 2,700 projects have been supported. Guide policy and development banks to make good use of the new credit line of 800 billion yuan, and guide commercial banks to follow up the financing of major projects simultaneously. In 2022, 121.4 billion yuan of loans for equipment renovation projects were supported, and medium and long-term loans for manufacturing increased by 33.8%.

　　In addition to supporting the expansion of effective investment and stimulating the vitality of micro-market players, it is also an important part of financial services to the real economy.

　　According to reports, in 2022, more than half of newly issued corporate loans were invested in private enterprises, and inclusive small and micro enterprise loans increased by 23.6%, and the average interest rate of corporate loans decreased by 0.47 percentage points compared with 2021.

　　"We have also focused on guiding efforts to help enterprises in industries that are greatly affected by the epidemic. Loans for wholesale and retail, transportation, warehousing and postal services, leasing business services and accommodation and catering industries increased by a total of 7 trillion yuan throughout the year. " The person in charge said.

　　According to the latest data provided by China Banking and Insurance Regulatory Commission, in 2022, various loans of manufacturing industry increased by 4.7 trillion yuan, 1.7 times of that in 2021. The loan balance of Pratt & Whitney small and micro enterprises was 23.6 trillion yuan, a year-on-year increase of 23.6%; Financing costs continued to drop. In 2022, the average interest rate of newly issued corporate loans decreased by 0.47 percentage points compared with the previous year. Among them, the average interest rate of manufacturing loans decreased by 0.40 percentage points compared with the previous year; The average interest rate of inclusive small and micro enterprise loans decreased by 0.45 percentage points compared with the previous year; The average interest rate of private enterprise loans decreased by 0.62 percentage points compared with the previous year.

　　On January 31st, the Political Bureau of the Communist Party of China (CPC) Central Committee conducted the second collective study on accelerating the construction of a new development pattern. At the meeting, it was pointed out that we should resolutely implement the strategic plan for expanding domestic demand, form a complete domestic demand system as soon as possible, and strive to expand consumer demand with income support, investment demand with reasonable return, and financial demand with principal and debt constraints. Establish and improve a long-term mechanism to expand residents’ consumption, so that residents can consume with stable income, dare to consume without worries, and have a good consumption environment and a strong sense of willingness to consume.

　　The person in charge said that in 2023, support for the recovery and expansion of consumption will be given priority, financing for investment will be guaranteed, and support will be given to the social sector to speed up the shortcomings. Constantly optimize financial services for import and export trade, vigorously develop inclusive finance, comprehensively promote rural revitalization, and fully support the overall improvement of economic operation.

　　In 2022, the accumulated disposal of non-performing assets was 3.1 trillion yuan.

　　In 2022, the epidemic spread at multiple points, the macro-economy faced triple pressures, the production and operation of small and medium-sized enterprises and individual industrial and commercial households faced difficulties, and the rebound pressure of non-performing loans of banks also persisted, and the prevention and control of financial risks still faced a severe situation.

　　When disclosing the non-performing assets of the banking industry in 2022, the heads of relevant departments in China Banking and Insurance Regulatory Commission said that the balance of non-performing loans of banking financial institutions at the end of 2022 was 3.8 trillion yuan, an increase of 169.9 billion yuan over the beginning of the year. The non-performing loan ratio was 1.71%, down 0.09 percentage points year-on-year. The ratio of loans overdue for more than 90 days to non-performing loans in commercial banks is 78%, which remains at a low level.

　　Accelerating the disposal of non-performing assets is one of the main measures to prevent and resolve risks. According to reports, in 2022, banking financial institutions disposed of 3.1 trillion yuan of non-performing assets, including 2.7 trillion yuan of non-performing loans.

　　In recent years, the regulatory authorities have actively promoted the resolution of non-performing assets and related risks. A few days ago, the second batch of pilot projects for transferring non-performing loans was launched. On the basis of the original scope of pilot institutions, new institutions were added, including development banks, export-import banks, agricultural development banks, trust companies, consumer finance companies, auto finance companies and financial leasing companies, as well as city commercial banks and rural small and medium-sized banks registered in Beijing, Hebei, Inner Mongolia, Liaoning, Heilongjiang, Shanghai, Jiangsu, Zhejiang, Henan, Guangdong and Gansu.

　　The risk disposal work of "Tomorrow Department" insurance company is progressing in an orderly manner.

　　On July 17, 2020, China Banking and Insurance Regulatory Commission took over six institutions, namely Tianan Property Insurance Co., Ltd., Huaxia Life Insurance Co., Ltd., Tianan Life Insurance Co., Ltd., Yi ‘an Property Insurance Co., Ltd., New Age Trust Co., Ltd. and Xinhua Trust Co., Ltd., for a period of one year.

　　On July 16th, 2021, China Banking and Insurance Regulatory Commission announced that it would extend the term of taking over the above-mentioned institutions from July 17th, 2021 to July 16th, 2022.

　　The relevant person in charge of China Banking and Insurance Regulatory Commission said that the risk management of "Tomorrow Department" insurance companies is progressing in an orderly manner. China Banking and Insurance Regulatory Commission has approved the adoption of market-oriented restructuring and the establishment of new institutions to undertake the assets and liabilities of relevant insurance companies, so as to steadily resolve risks and effectively protect the legitimate rights and interests of insurance consumers.