First highlights:
1, the banking industry to fight the epidemic to provide credit of more than 790 billion yuan, the insurance industry has donated a total of 11.58 trillion yuan of insurance coverage.
2, real estate finance policy is not currently adjusted, the situation of real estate finance will be dynamically monitored.
3, the banking industry is expected to rise slightly in the short term non-performing rate, but the magnitude is limited, the impact is not significant.
4. There is no relaxation of regulatory standards, and the principles of regulation in accordance with the law, compliance and prudential supervision remain unchanged.
5, the special rectification of online lending in the direction of the main withdrawal remains unchanged, the rhythm, attitude, measures and policies have not changed.
Banking industry to fight the epidemic to provide credit of more than 790 billion yuan
Banking and Insurance Commission Policy Research Bureau deputy director Ji Yuhua introduced, so far, the banking industry to fight the epidemic to provide credit of more than 790 billion yuan. The insurance industry has enthusiastically donated insurance to the frontline personnel in the fight against the epidemic, and so far, the whole industry has donated a total of 11.58 trillion yuan of insurance coverage.
Wang Daqing, director of the large banking department of the CBIRC, introduced that six large banks have put in a total of 67.2 billion yuan of credit support for medical material enterprises, and have issued a total of 75.4 billion yuan of loans to enterprises dealing with the protection of living materials against the epidemic. In addition, the People's Bank of China special refinancing list of key enterprises set up a special service team, a dedicated account manager, the average interest rate is lower than 3.15%, the actual interest rate of the relevant enterprise loans is less than 1.6%.
Support the credit demand for compensatory business activities
For small and micro enterprises and individual businessmen affected by the epidemic, Li Junfeng, director of the Banking and Insurance Commission's Department of Inclusive Finance, said the main measures taken are threefold:
One is to increase the number of recent resumption of work by many small and micro enterprises, strong demand for credit, and in March and April, small and micro enterprises and individual businessmen will have a compensatory In March and April, small and medium-sized enterprises and self-employed businessmen will have compensatory business activities, the credit demand generated by the banking industry to be supported.
The second is the renewal, extension, extension, the impact of the epidemic may need to extend the repayment, renewal of loans, banks are encouraged to make arrangements.
Third, Jane, the coverage of loans to enterprises and individual businessmen is not high, and there is still a large number of customers who need to be explored. The epidemic has an impact on both supply and demand, which will generate new credit demand, the regulator requires commercial banks to take the initiative to dock, in accordance with the requirements of special handling and simplification of procedures, without lowering the credit standards, appropriate simplification of procedures, and more to take credit loans. For customers who renew their loans, they are also required to simplify procedures.
Real estate financial policy is not currently adjusted
In terms of real estate finance, Xiao Yuanqi, Chief Risk Officer and Chief of Staff of the CBRC and spokesman, emphasized that real estate financial policy is not currently adjusted, and the situation of real estate finance will be dynamically monitored. Real estate finance policy is still "one city, one policy", the local according to the situation, without violating the general policy framework can be arranged on their own.
The 2020 National Banking and Insurance Supervision and Administration Work Conference put forward the firm implementation of the "housing without speculation" requirements, the strict implementation of the credit concentration and other regulatory rules, and strictly prevent the illegal flow of credit funds into the real estate sector.
Non-performing rate will rise slightly in the short term, no relaxation of regulatory standards
Shaw Yuanqi said the banking industry is expected to see a small rise in the non-performing loan rate in the short term, but the magnitude is limited and the impact is not significant.
He said that some phased policy measures have been adopted, such as encouraging banks to extend repayment and interest payment to enterprises in a phased manner, but this policy is conditional on the following: firstly, enterprises are really affected by the epidemic and encountering special difficulties; secondly, enterprises make applications, and banks and enterprises negotiate and decide; and thirdly, there is a time limit. If the enterprise is still unable to repay the capital and interest after the epidemic has passed, it will be counted as non-performing.
Shaw Yuanqi emphasized that it is necessary to distinguish the reason why the enterprise can not repay the principal and interest for the time being, if it is because of business failure, it must be counted as non-performing in accordance with the risk classification and management of credit assets. If it is affected by the epidemic, disrupting the original business plan, resulting in cash flow constraints, financial liquidity difficulties, and temporarily encountered problems, then banks are encouraged to extend the repayment of interest payments to them.
Shaw Yuanqi said the regulatory standards have not been relaxed, and the principles of supervision in accordance with the law, compliance supervision and prudent supervision remain unchanged.
Sufficient risk-resistant capacity
Xiao Yuanqi said the banking sector has sufficient risk-resistant capacity. The banking sector has about 6 trillion yuan of provisions, twice the current balance of non-performing loans, and can generate about 2 trillion yuan of net profit annually. At the same time, the banking sector is very well capitalized, with nearly $23 trillion in capital. Overall, there's more than $30 trillion to protect against risk.
Direction, rhythm of special rectification of online lending unchanged
Li Junfeng emphasized that the direction of special rectification of online lending, which focuses on exit, remains unchanged, and that the rhythm, attitude, measures, and policies have not changed.
For the six types of institutions, Li Junfeng introduced the CBRC to develop the regulatory rules for the six types of institutions, including microfinance companies, financial guarantee companies, pawnshops, financial leasing companies, commercial factoring companies, and local asset management companies. In the case that the CBIRC does not explicitly introduce new regulations, it will be implemented in accordance with the existing documents. Currently, some local financial management departments in order to cope with the epidemic, small loan companies, financial guarantees and other institutions to relax the leverage ratio, these are phases.