The cumulative disposal of non-performing assets in recent four years is equivalent to the sum of the previous 12 years

"The banking industry has intensified its efforts to dispose of non-performing assets, and the disposal of non-performing loans in four years is equivalent to the sum of the previous 12 years."

Guo Shuqing said that in recent years, the identification and disposal of non-performing assets in the banking industry have made great strides. In 217 and 22, the accumulated disposal of non-performing loans was 8.8 trillion yuan, exceeding the sum of the previous 12 years.

Guo Shuqing said that to prevent and resolve financial risks, the most important thing for the banking and insurance industries is to first reduce the high leverage within the financial system according to the requirements of the central authorities. In the past, the financial system developed rapidly for a long time. From 217 to 22, the average annual growth rate of total assets of the banking industry and the insurance industry dropped to a relatively low level, with the banking industry being 8.3% and the insurance industry being 11.4%, which was only about half of the average annual growth rate from 29 to 216. The proportion of idle interbank assets within the financial system dropped sharply, which was a very important achievement and also determined that the banking system and the entire financial system could be stable.

The scale of "shadow banking" has dropped by about 2 trillion yuan

On the issue of shadow banking, Guo Shuqing said that the scale of "shadow banking" has dropped by about 2 trillion yuan, making the financial system healthier and more stable. "Shadow banking has been dismantled in an orderly manner. In the past, the scale of shadow banking was very large, and its biggest feature was that it was called investment, wealth management and P2P. In essence, it was still credit, which was equivalent to bank credit or quasi-credit, that is to say, banking business was not done in accordance with bank rules. For example, banks have sufficient capital, and these platforms have no capital constraints, no regulatory constraints, and no market constraints, so the problem is more serious. "

Innovation is encouraged, but unified supervision must be implemented according to financial rules

When it comes to financial technology, Internet platform participates in finance in China, which is the largest in scale and scope in the world, and has achieved positive results, especially in providing digital credit, digital insurance and other services to small and medium-sized enterprises. It should be said that it is a leader in the world and there are many innovations. We encourage these innovations. At the same time, however, we also require that financial business of any format should be managed in accordance with corresponding rules, norms, laws and regulations, with no special exceptions. For example, in order to issue loans, a notice on the bank's Internet loan method has just been published recently. There are some requirements, such as joint loans. At least, cooperation with other banks on Internet platforms is not less than 3% in terms of capital contribution and funds. In addition, there are requirements for the proportion of concentration in the proportion of net assets, and relevant rules have made provisions. In addition, we have also given a one-year transition period, which will be gradually realized.

At the same time, we also have some private Internet banks, such as the online merchant bank under Ant Financial, Weizhong Bank under Tencent and an Internet bank in Sichuan. We all encourage development, but we must also implement unified supervision according to financial rules. We don't think there are any restrictions or financial businesses that they are not allowed to develop, but we must supervise any business such as insurance, trust, leasing and other financial businesses in accordance with the same rules of the industry.

The tendency of real estate to finance and bubble is still relatively strong

When talking about the real estate problem, Guo Shuqing thinks that the real estate problem should be said that the tendency of finance and bubble is still relatively strong, but the growth rate of loans invested in real estate dropped below the average growth rate for the first time last year. "We believe that the real estate problem will gradually improve. Now we have taken a series of further measures. You may also notice that cities have launched comprehensive real estate control measures under the principle of "one city, one policy", with the aim of stabilizing land prices, housing prices and expectations, and gradually solving real estate problems. Of course, I also talked about the problem of "grey rhinoceros". Many people buy houses not for living, but for investment or speculation. This is very dangerous, because holding so many properties, if this market comes down in the future, personal property will suffer great losses, loans will not be paid, banks will not be able to collect loans, principal and interest, and economic life will be very chaotic. Therefore, we must actively and steadily promote the stable and healthy development of the real estate market. "

The side effects of foreign loose monetary policy have already appeared

"The financial market should reflect the real economy. If it is too different from the real economy, problems will arise and it will be forced to adjust sooner or later, so we are very worried that the financial market, especially the foreign financial asset bubble, will burst one day."

Guo Shuqing said that since the outbreak of the COVID-19 epidemic, the global economy has experienced a relatively big shock, which has generally declined. All countries have adopted proactive fiscal policies and extremely loose monetary policies. To stabilize the economy, these measures must be taken in macro-policies. However, in terms of strength, the consequences may have to be considered more, because it will have some side effects after all. Now, these side effects have gradually emerged. At present, the high operation of financial markets in developed countries in Europe and America is seriously contrary to the real economy.

The scale and speed of foreign capital inflow are under control

At the press conference, Guo Shuqing said that the economy of China has been highly globalized, and the economy of other countries is also closely linked. The amount of foreign capital flowing into China has obviously increased and the growth is relatively fast. China is still returning to normal growth, and its asset prices are very attractive. Compared with other countries, the spread is relatively large, and the inflow of foreign capital is inevitable. At present, the scale and speed of the inflow are still within the controllable range. China Banking and Insurance Regulatory Commission is also studying more effective ways. On the one hand, it encourages the cross-border flow of capital elements and becomes more and more open; On the other hand, we should not cause too much fluctuation in the domestic financial market.

continue to encourage foreign financial institutions to enter China

"How to manage China's finance, the code of conduct of financial institutions must be handled according to China's rules, just as financial institutions in the United States are handled according to American rules. The United States has made a lot of interference in China's internal affairs, which we think is groundless, unreasonable and untenable. We firmly oppose that China Banking and Insurance Regulatory Commission, China and the entire banking and insurance system will not implement American laws and regulations, but must implement China's laws and regulations. "

When talking about U.S. sanctions and the opening up of the financial industry, Guo Shuqing said that the domestic public, including some cadres and intellectuals, are very concerned about whether the entry of foreign capital will cause a lot of interference and damage to China's financial market. According to the current situation, the operations of these foreign-funded institutions in China are generally in strict accordance with the laws of China. In this market, the absolute amount of total assets, loans and deposits is rising, but the proportion is declining. For example, the proportion of foreign banks is only about 1% now, while it was 1.3% and 1.4% in the past. All foreign banks only account for about 1% in China this year, which is very limited to the competitive market in China. There are more insurance companies, around 6%, and the impact is limited, so we continue to encourage foreign financial institutions to enter China for common development.

Financial technology companies should also meet the requirements of capital adequacy ratio

"If financial business is conducted online, banks, small loan companies or consumer finance companies run by Internet platforms must have sufficient capital like other financial institutions."

When talking about the supervision of financial technology companies, Guo Shuqing said that financial technology companies should also meet the requirements of capital adequacy ratio. However, due to historical reasons, a transitional period of at most two years was given, and all institutions were required to be bound by capital. "Some projects are until the end of this year; Some will be in the middle of next year; Because in the past, some financial institutions served small and micro enterprises, especially low-end customers, and provided loans with relatively low requirements, we don't want to affect these customers, so that these customers can continue to get loans steadily, and the transition time can be longer. "When talking about the longest transition period of two years, Guo Shuqing said.

In 22, the total amount of fines and confiscations to bank insurance financial institutions was 2.28 billion yuan

When introducing the situation of strengthening supervision and supervision, Guo Shuqing said that the party's work style and clean government building and the financial anti-corruption struggle were unswervingly strengthened, and supervision and discipline were strengthened, and a number of corrupt elements who colluded with government and business, transferred interests and illegally occupied were brought to justice. Strict implementation of separation of public and private, avoidance of performance of duties and supervision accountability, in 22, the banking insurance supervision system * * * disciplined 164 people. Accelerate the completion of regulatory shortcomings, plug system loopholes, and complete the construction of 61 regulatory rules and regulations in 22. In 22, 3,178 illegal bank insurance institutions were punished and 4,554 responsible persons were punished, with a total fine of 2.28 billion yuan. We will promote diversified solutions to financial disputes, repel and pay consumers 17.7 billion yuan, and effectively protect the legitimate rights and interests of financial consumers.

In 22, the amount of debt-to-equity swaps will reach 1.6 trillion yuan

When introducing the results of financial risk prevention, Guo Shuqing said that the incremental risks of hidden debts of local governments have been basically controlled, and the stock risks are being resolved in an orderly manner. The debt risk of large and medium-sized enterprises will be handled smoothly. By the end of 22, 2, debt committees will be established nationwide, and the amount of market-oriented and legalized debt-to-equity swaps will reach 1.6 trillion yuan, and more than 5 large and medium-sized enterprises will implement joint credit pilot projects.