vice president of ccb: the policy effects on both the supply and demand sides of the real estate market are gradually being released, and positive changes have occurred in the real estate market
2024-09-02
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on september 2, li jianjiang, vice president of china construction bank, stated at the bank's 2024 mid-year performance briefing that ccb's overall asset quality is stable and its management and control foundation is solid. it is expected that asset quality will remain stable overall in the second half of the year and risks in key areas will remain controllable.
in the real estate sector, li jiangjiang said that the policy effects on both the supply and demand sides of the real estate are gradually being released, and positive changes have occurred in the real estate market. ccb resolutely implements the decisions and arrangements of the party central committee and the state council, solidly implements the coordination mechanism of guaranteed delivery of houses and real estate financing, intensifies efforts to prevent and resolve risks, and implements various measures to achieve results. in the first half of the year, ccb achieved a double reduction in the amount and rate of non-performing loans in the real estate industry. the non-performing rate fell by 0.44 percentage points from the end of the previous year, and the exposure to non-performing loans also decreased simultaneously.
regarding local government debt, li jianjiang said that the package of debt reduction policies is gradually taking effect, and debt risks have been alleviated overall. the current policy measures such as deepening fiscal and taxation system reform and establishing a long-term management mechanism to prevent and resolve local debt risks are conducive to promoting sustainable fiscal development and helping to reduce debt risks overall. ccb has also done a good job in preventing and resolving local debt risks in a prudent and orderly manner. at present, the non-performing rate of related businesses is relatively low.
"in the first half of the year, the asset quality of corporate loans remained stable, and the non-performing rate of personal loans remained at a relatively good level. looking ahead to the second half of the year, we will continue to enhance risk awareness, adhere to bottom-line thinking, fully grasp the risk situation, further strengthen proactive management and control, ensure stable asset quality, and build a long-term and solid foundation for high-quality development." li jiangjiang said.
the paper reporter chen yueshi
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