China Banking and Insurance Regulatory Commission: Balance the relationship between stable growth and risk prevention, and support local governments to issue special bonds to supplement the capital of small and medium-sized banks

time:2022-09-29 11:06:52 source:clevelanddrifters.com author:Individual stock recommendation
China Banking and Insurance Regulatory Commission: Balance the relationship between stable growth and risk prevention, and support local governments to issue special bonds to supplement the capital of small and medium-sized banks

Zhou Liang, vice chairman of the China Banking and Insurance Regulatory Commission, said at the 2022 China International Financial Annual Forum on September 2 that it is necessary to guide more financial resources, especially medium and long-term funds, to invest in advanced manufacturing and strategic emerging industries. It is necessary to balance the relationship between stable growth and risk prevention, and actively respond to the rebound of non-performing assets. "The current international situation is complicated and the factors of instability, uncertainty and insecurity have increased significantly, and the domestic reform, development and stability tasks are arduous and arduous." Zhou Liang said that in the face of the new situation and new tasks, it is necessary to deeply understand the political nature of financial work and the people's We will fully, accurately and fully implement the new development concept, and unswervingly follow the path of financial development with Chinese characteristics. Zhou Liang emphasized that it is necessary to strengthen supervision and guidance, focus on the transformation of scientific and technological achievements, and the research and development of key technologies, so as to provide high-quality financial services for the realization of scientific and technological self-reliance and self-improvement. Guide more financial resources, especially medium and long-term funds, to invest in advanced manufacturing and strategic emerging industries, and better serve core technology research enterprises and "specialized, special and new" enterprises. Promote the digital transformation of the banking and insurance industries, and make full use of new technologies to strengthen management and improve services. Encourage large banks to export risk control tools and technologies to small and medium-sized banks, and enhance financial product innovation and technological support. At the same time, we must adhere to the concept of coordinated development and promote a more balanced and sustainable economic growth. Zhou Liang pointed out that it is necessary to give full play to the positive role of finance in assisting regional coordinated development, and vigorously support major regional development strategies such as the Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macao Greater Bay Area. In terms of green development, Zhou Liang believes that it is necessary to improve the four pillars of green financial standard system, green digital infrastructure construction, green product innovation system and green incentive and restraint mechanism. Actively develop green credit and green insurance. Coordinate energy security and green transformation and development, meet reasonable financing needs for energy and power supply, and promote comprehensive green transformation of economic and social development. In terms of coordinating development and security, Zhou Liang believes that it is necessary to balance the relationship between stable growth and risk prevention, and deal with risks in an orderly manner on the premise of maintaining a stable economic situation. We will steadily defuse the risks of small and medium-sized financial institutions, support local governments to issue special bonds to replenish the capital of small and medium-sized banks, and actively respond to the rebound of non-performing assets. Improve the monitoring and disposal of debt risks of large enterprises, ensure stable and orderly real estate financing, support local governments to "guarantee the delivery of buildings and stabilize people's livelihood", and promote the stable and healthy development of the real estate market. Strengthen financial legislation and system construction. Promote the construction of supervision big data platform, optimize supervision coordination mechanism, and improve supervision efficiency.

(Responsible editor:Individual stock analysis)

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