On March 2, the Information Office of the State Council held a press conference to promote a virtuous circle of economy and finance and high-quality development, and Guo Shuqing, chairman of the Banking and Insurance Regulatory Commission, introduced the relevant situation and answered reporters' questions.
A reporter asked, can you introduce the improvement of financial technology platform enterprises such as Ant Group and the next step?
Guo Shuqing said that a while ago, a special report had been published to introduce the situation in this regard, that is, for 14 Internet platform enterprises such as Ant Group involved in financial business, the People's Bank of China took the lead, and the Banking and Insurance Regulatory Commission, the Securities Regulatory Commission, and the Foreign Exchange Bureau together have been carrying out rectification since the beginning of the year, and the overall progress is still relatively smooth.
"The financial business carried out by these platforms, because it has a certain degree of innovation, was not included in our supervision in the past, then now it is gradually being incorporated into the regulation, there will be a process." From the enterprise itself, the management department, including the identification and definition of these products, because there are many other factors involved, such as data, personal information, personal privacy protection issues, corporate information, trade secret protection issues are very complex. Guo Shuqing said that in the process of rectification, there will also be various difficulties, but in general, there is full confidence to do a good job in rectification, in China not only to encourage financial innovation, but also to strictly comply with the law, fair competition, to prevent disorderly expansion of capital and unfair competition.
According to Guo Shuqing, "Their self-examination is basically over, the rectification and reform has not yet been completely completed, there are still some problems that need to be explored, and we will disclose new situations to the society, the public, and the media in a timely manner." ”
Banking and Insurance Regulatory Commission: The outstanding loan balance of P2P online lending institutions has dropped to 490 billion yuan
On March 2, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said at a press conference held by the State Council Information Office that risks in key areas will continue to be controlled in 2021, the macro leverage ratio will drop by about 8 percentage points, and the expansion of assets in the financial system will return to a lower level, returning to single digits again.
"In the five years from 2017 to 2021, we dismantled a total of 25 trillion yuan of high-risk shadow banks, and in the past two years, we have reduced 11.5 trillion yuan. During the pandemic, many foreign counterparts expected our shadow banking to rebound, but in fact we have reduced it by 11.5 trillion yuan in the past two years. In 5 years, we have disposed of 12 trillion yuan of non-performing assets, and in the last two years, it is more than 6 trillion yuan. Guo Shuqing said.
He also said that the hidden debt situation of local governments has improved regionally, and the momentum of real estate bubble financialization has been reversed. A number of high-risk enterprises and illegal financial institutions have been dealt with in an orderly manner, all P2P online lending institutions have stopped operating, and the balance of unpaid loans has dropped to 490 billion yuan. In the past five years, a total of 25,000 cases of illegal fund-raising have been filed and investigated, and the resilience to prevent the impact of external risks has been further improved.
The chairman of the Banking and Insurance Regulatory Commission recalled the experience of buying a house 20 years ago: the mortgage was very slow, and the application took more than half a year
"In the past, it was difficult to buy a house loan, but now it is improving very quickly." Guo Shuqing, chairman of the Banking and Insurance Regulatory Commission, has a deep understanding of this.
On March 2, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said at a press conference held by the State Council Information Office that the problem of real estate bubbles and monetization is very serious, but now there has been a fundamental reversal, because house prices have fallen since last year, and transactions are not as active as before. Of course, housing is still needed, especially rental housing, so construction and decoration are still needed, and it is also meaningful to do this service.
Guo Shuqing said: "In the past, I said ' want housing, find CCB', more than 20 years ago, it was actually very inconvenient, I have personal experience. The service attitude of CCB is very bad, I applied for a loan from CCB, in fact, it is still a provident fund loan, and I applied for half a year. At that time, I was the director of the Foreign Exchange Bureau and the vice president of the Chinese Bank, and I had so much effort to apply, and it was even more difficult for other ordinary people to apply. But then they improved very quickly. ”
"Now it has completely gone to the other extreme, and there are a lot of mortgages now, and the proportion in the big bank is very high." We have repeatedly reminded them to pay attention to this risk, because many of them buy houses, loans are for investment, for speculation, then in the future, in case house prices fall or other problems occur, it is a huge financial crisis. So we must remind this problem, now the price of real estate has made some adjustments, and the structure of the demand side has also changed, which is a good thing for the financial industry. But we don't want the adjustment to be too drastic, the impact on the economy is too great, and the transition is smooth. Guo Shuqing said.
The Banking and Insurance Regulatory Commission answered the surging paper: It is necessary to standardize the system to solve the problem of the "revolving door" of the financial system
On March 2, at a press conference held by the Information Office of the State Council to promote a virtuous circle of economy and finance and high-quality development, a reporter from The Paper (www.thepaper.cn) asked: The Political Bureau of the CPC Central Committee held a meeting on February 25, proposing to strengthen supervision over the "number one" and the leading body in the financial sector, and to carry out special rectification of typical common problems such as violating the spirit of the eight central regulations and the "revolving door" of government and business.
In this regard, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said that the recent central inspection has discovered some problems in the financial system, especially the violation of the eight regulations, which should arouse great attention and seriously carry out rectification.
For the "revolving door" problem, Guo Shuqing said that the original financial management institutions, especially those who worked in one bank, two associations and one bureau, and then transferred to the industry and the market, this situation does exist. He pointed out that it is necessary to establish a system to regulate, to see the connection between it and the influence of the original job power, to see what position, what industry, to see whether there is interest transmission, and whether there are other problems.
Guo Shuqing said that the CBIRC has made some provisions in the early stage, such as those who directly leave the CBIRC and cannot work in the institutions that have been supervised in the past or institutions that have close ties with the industry. In addition, there is a declassification period limit for departing personnel during the transition period of confidentiality. He said that in the future, it is necessary to make this system more standardized and more rigorous to solve this problem.
Documents will be issued to support institutions to provide financial services to more than 300 million new citizens
On March 2, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said at a press conference held by the State Council Information Office that the Banking and Insurance Regulatory Commission and the People's Bank of China are about to issue a document and have solicited the opinions of more than a dozen departments, that is, to do a good job in serving new citizens.
According to Guo Shuqing, the so-called new citizens are those who have lived in cities and towns, but have not yet had a hukou or have just obtained a hukou for less than two or three years, and the number of this part of the population is about 300 million, and they are facing the needs of employment, entrepreneurship, renting, buying a house, children going to school, and providing for the elderly.
"After investigation, we learned that because these people left the countryside, he did not have a definite job, many people have individual industrial and commercial households, and the average migrant worker's work in one unit and one post is about half a year, so if he wants to apply for a bank loan, the bank will ask him to show the income certificate issued by the unit, so it is obviously more difficult for them." There is also the problem of children going to school. Guo Shuqing pointed out that he specifically wants to issue a document to make suggestions to the banking and insurance institutions to serve these new citizens, in fact, this is also part of the broad sense of the three rural services.
The comprehensive reform of automobile insurance has saved consumers more than 250 billion yuan in expenditure
On March 2, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said at a press conference held by the State Council Information Office that the CBIRC continued to deepen the reform and opening up of the banking and insurance industry. Implement the "three-year action plan" for corporate governance, continuously improve the modern financial enterprise system with Chinese characteristics, and deeply integrate the party's leadership with corporate governance from the actual conditions of various localities and institutions. "One province, one policy" promoted the deepening of the reform of small and medium-sized banks and rural credit cooperatives according to local conditions, and the Zhejiang Provincial Federation of Cooperatives was restructured to form the Zhejiang Rural Commercial United Bank. Effectively improve the professional management capabilities of small and medium-sized financial institutions, promote the development of the professional manager market, and start the construction of China's financial talent pool.
According to Guo Shuqing, the Banking and Insurance Regulatory Commission deepened the reform of property insurance and life insurance, and the comprehensive reform of automobile insurance saved consumers more than 250 billion yuan. The construction of the solvency supervision rules (II.) of insurance institutions is basically completed. Deepen the high-level opening up, revise the supporting system of new measures for opening up, and a number of international financial institutions with first-class professional advantages in the fields of wealth management, non-performing disposal and pension finance have entered the Chinese market.