li yunze: the three major risks of real estate local debt and small and medium-sized financial institutions are gradually resolved and mitigated
2024-09-24
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china national radio beijing september 24th news (reporter cao qian)on the morning of the 24th, the state council information office held a press conference to introduce the relevant situation of financial support for high-quality economic development.
li yunze, director of the state administration of financial supervision, said that since the beginning of this year, the state administration of financial supervision has resolutely implemented the major decisions and deployments of the party central committee and the state council, taken the initiative and not shirked its responsibilities, and coordinated the three key tasks of preventing risks, strengthening supervision, and promoting development, and has made solid progress in all aspects of its work.
in terms of risk prevention, the financial supervision administration has focused on key areas, pushed forward risk mitigation work in a step-by-step manner, and strived to create a safe and stable financial environment for economic development. in accordance with the deployment of the central financial work conference, it actively promoted the reform and risk mitigation of small and medium-sized financial institutions, and resolutely avoided the spillover and transmission of risks.
at present, regions with high-risk institutions have formed specific reform and risk reduction plans, and are steadily and orderly implementing them in a "one province, one policy" manner. at the same time, the financial supervision bureau also guides banks and insurance institutions to actively cooperate in resolving real estate and local government debt risks.
at present, my country's financial industry, especially large financial institutions, is operating steadily and risks are controllable. with the gradual resolution and mitigation of the three major risks of real estate, local debt, and small and medium-sized financial institutions, financial risks are steadily converging, and the financial supervision administration will firmly maintain the bottom line of preventing systemic financial risks.
in terms of strengthening supervision, the financial supervision administration insists on treating both the symptoms and the root causes, solving problems with reforms, promoting norms with systems, and continuously enhancing the industry's sustainable development capabilities. guide the banking and insurance industries to return to their roots, focus on their main businesses, and achieve staggered development and complementary advantages. promote the introduction of the new "ten national regulations" for the insurance industry, timely improve asset management regulations, continuously strengthen the governance of non-bank institutions, optimize and consolidate credit basic management, and promote the resolution of deep-seated problems that restrict the sustainable and healthy development of the industry. guide financial institutions to optimize their layout, work hard on their internal strength, and actively respond to the narrowing of net interest margins and interest rate spread losses. focus on preventing and controlling substantial risks, effectively implement the due diligence exemption system, and at the same time seriously investigate and punish major illegal and irregular behaviors to create a fair and just market order.
in terms of promoting development, the financial supervision administration has focused on clearing bottlenecks and bottlenecks, improving the adaptability of the economy and finance, and increasing financial services for key areas and weak links. it has also strengthened financing guarantees for the "two heavy" and "two new" sectors, and vigorously supported the development of new quality productivity in accordance with local conditions.
as of the end of august this year, high-tech industry loans and manufacturing medium- and long-term loans increased by 13.2% and 15.9% year-on-year respectively. we will promote the increase and expansion of small and micro loans, and increase support for private enterprises without discrimination. inclusive small and micro enterprise loans and private enterprise loans increased by 16.1% and 9.1% year-on-year respectively. the financial supervision administration guided insurance institutions to do their best to provide claims services for major accidents and natural disasters such as heavy rains and typhoons, helping the affected people and business entities to overcome difficulties. in the first eight months of this year, the insurance industry has paid a total of 1.55 trillion yuan, a year-on-year increase of 26.1%.
in the next step, the financial regulatory bureau will actively strengthen communication with the market and the media and respond to social concerns in a timely manner. the financial regulatory bureau will strive to create a stable, transparent and predictable regulatory policy environment, continue to work hard and give more strength, continuously improve the quality and efficiency of serving the real economy, and contribute more financial strength to high-quality development.(cnr capital eye)
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