Real economy loans increased by 10.8 trillion yuan in the first seven months

The official website of the China Banking and Insurance Regulatory Commission (CBRC) disclosed Tuesday that in the first seven months of this year, RMB loans for the real economy increased by 10.8 trillion yuan, an increase of 779.8 billion yuan over the same period last year, with emphasis on supporting infrastructure, high-tech, traditional industrial transformation and social services. In the first seven months, loans for infrastructure industry, manufacturing industry, residential services, science, education, culture and health, and information technology services increased by 1.7 trillion yuan, 5.21 billion yuan, 22.45 billion yuan and 10.1 billion yuan, respectively.

According to the introduction, China's banking and insurance industry is running steadily at present, the risk is controllable in general, and the service entity's economic quality and efficiency are effectively improved. For example, efforts should be made to alleviate the difficulty and high cost of financing for private enterprises and small and micro enterprises. The loan of inclusive small and micro enterprises increased by 26.5% year-on-year, and the comprehensive financing cost decreased by more than 1 percentage point. We should continue to do a good job in supporting the issuance of local government special bonds. Banks and insurance institutions should invest more than 7.3 trillion yuan in the balance of local government special bonds. The insurance industry has given full play to the function of risk management and security. Since this year, it has accumulated 3849 trillion yuan to provide risk protection for the whole society and 725.4 billion yuan to pay compensation. At the same time, risk in key areas was effectively prevented and controlled. The non-performing loan rate of the banking industry is generally stable. The liquidity of commercial banks is stable as a whole. The liquidity ratio, liquidity coverage ratio and net stable capital ratio are 55.8%, 140.2% and 122.1% respectively. The main liquidity indicators of small and medium-sized banks meet the regulatory requirements as a whole. Continue to rectify financial market chaos, risk from divergence to convergence. In the first seven months, a total of 1239 bancassurance institutions and 1664 persons responsible were punished, with a total fine of 594 million yuan.

At present, the risk resilience of banking and insurance industry has remained stable. At the end of July, the reserve coverage of commercial banks was 188.1%, up 10.3 percentage points from the same period last year. Commercial banks use more innovative tools to replenish capital through multiple channels. Since this year, they have issued more than 700 billion yuan of fixed-term bonds and secondary capital bonds, further enhancing their capital strength and consolidating their risk resilience. At present, the capital adequacy rate of commercial banks is 14.12%, up 0.58 percentage points from the same period last year. The comprehensive solvency adequacy rate of insurance companies is 245.3%, and the core solvency adequacy rate is 233.4%, all of which remain in a reasonable range.