focus on the two sessions| Li Yunze, the State Administration of Financial Supervision: The real estate financing coordination mechanism has approved loans exceeding 6 trillion yuan, which will expand the scope, increase efficiency, and lengthen the white list.

(Photo source: Visual China)

Blue Whale News, March 5 (Reporter Shi Yu)On March 5, Li Yunze, director of the State Administration of Financial Supervision, said in the first ministerial channel interview at the Third Session of the 14th National People’s Congress that last year was the first complete year for the State Administration of Financial Supervision to fully perform its duties, coordinating the promotion of risk prevention, strengthening supervision, and promoting development, the steady trend and the pace of progress are more obvious. Financial risks have steadily converged, and a total of 3.8 trillion yuan of non-performing assets were disposed throughout the year, the highest in history, maintaining the bottom line of preventing systemic risks.

Focusing on real estate, it revealed that this year’s focus will be on two aspects: first, to support the stabilization of the property market, continue to promote the financing coordination mechanism to expand and increase efficiency, lengthen the white list, allow more eligible projects to obtain loans, and resolutely ensure that they are handed over. work. The second is to cooperate with the promotion of transformation and promptly study and formulate supporting financing systems to support the construction of a new real estate development model.

Financial risks have steadily converged, and a total of 3.8 trillion yuan of non-performing assets were disposed of throughout the year, the highest in history

2024 is the first complete year for the State Administration of Financial Supervision to fully perform its duties. The State Administration of Financial Supervision will coordinate the promotion of risk prevention, strengthen supervision, and promote development, and the steady situation and pace of progress will become more obvious.

Where is it stable? Li Yunze introduced: First, the financial industry is operating steadily, and major regulatory indicators are in a healthy range. Banks ‘capital adequacy ratios increased to 16%, insurance solvency increased to 200%, and non-performing loan ratios dropped to 1.5%.

Second, financial risks have steadily converged. Existing risks are being disposed of in an orderly manner, and incremental risks have been significantly curbed. In particular, last year, the disposal of non-performing assets was increased. A total of 3.8 trillion yuan were disposed of in non-performing assets throughout the year, the highest in history, and the bottom line of preventing systemic risks from occurring.

Third, financial reform has been steadily advanced, the party’s leadership has been comprehensively strengthened, regulatory reform has been stable and orderly, central-local coordination has been significantly enhanced, and strong and strict supervision has continued to deepen.

“How to reflect progress? Li Yunze concluded: First, the increase in capital supply and the decrease in prices. Last year, the banking and insurance industries invested more than 30 trillion yuan in new funds, and the average interest rate on new loans dropped by 0.6 percentage points.

Second, the quality and efficiency of financial services have been improved. The average growth rate of loans in some key areas such as advanced technology manufacturing has been significantly higher than average. Green finance and inclusive finance are also at the forefront of the world. Insurance claims increased by nearly 20% year-on-year.

Third, industry governance continues to improve, the capital replenishment mechanism is becoming increasingly sound, the Ten New Policies on insurance have been promulgated and implemented, the wealth management capabilities of asset management institutions are also steadily improving, and financial opening up to a higher level.

Promote the expansion and efficiency of the real estate financing coordination mechanism,Extend the white list

In 2024, the State Administration of Financial Supervision, together with the Ministry of Housing and Urban-Rural Development and the National Development and Reform Commission, will jointly establish two financing coordination mechanisms, which will mainly work from both sides of supply and demand to coordinate the solution of corporate financing difficulties and bank lending difficulties, so as to promote the real estate market to stabilize and relieve small and micro enterprises. Provide important support.

Li Yunze said that the next step will be to continue to do relevant work in accordance with the requirements of the government work report.

In terms of real estate, Li Yunze proposed that the current financing coordination mechanism currently approves loans of more than 6 trillion yuan, involving more than 15 million housing units that have been delivered or are under construction. This year, the State Administration of Financial Supervision focuses on two aspects of work. First, it supports the stabilization of the property market, continues to promote the expansion and efficiency of the financing coordination mechanism, lengthens the white list, allows more eligible projects to obtain loans, and resolutely does a good job in ensuring the delivery of houses. The second is to cooperate with the promotion of transformation, promptly study and formulate supporting financing systems, support the construction of a new real estate development model, and promote the sustained and healthy development of the real estate market. rdquo;

Focusing on small and micro enterprises, Li Yunze revealed that last year, the State Administration guided districts and counties to set up special classes to carry out in-depth visits to thousands of enterprises and households, striving to break through financing blockages and stuck points. Since October last year, the special class has visited more than 50 million households, and the total credit amount has exceeded 10 trillion yuan. The goal of fast and convenient direct access to the grassroots and appropriate interest rates has been initially achieved. At present, private enterprises in my country account for more than 92% of the total number of enterprises, and their proportion in small and micro enterprises will definitely be higher. It can be said that supporting small and micro enterprises means supporting private enterprises.

“In the next step, we will make great efforts to solve the financing problems of private and small and micro enterprises, and promote the coordination mechanism to be more effective from two aspects: increase and decrease. lsquo; The first increase is to increase credit, expand the mechanism to more private enterprises, and strive to ensure that all loans should be renewed. The first decrease is to reduce intermediate links, reduce comprehensive financing costs, and strive to make enterprises get more benefits. rdquo; Li Yunze said.

Boost consumption and promote the integrated development of technological innovation and industrial innovation

When answering questions about how to help boost consumption and promote the integrated development of scientific and technological innovation and industrial innovation, Li Yunze pointed out that as my country’s economy enters a new stage of development, boosting consumption has increasingly become the main engine of economic growth, and scientific and technological innovation is a high-quality source of development.

“We will focus on strengthening these two aspects of work in accordance with the requirements of the government work report. According to Li Yunze, the first is to promote consumption and benefit people’s livelihood. The State Administration of Financial Supervision will focus on promoting the optimal allocation of financial resources, not only focusing on the field of materials, but also focusing on the field of people, expanding domestic demand in all aspects, and effectively enhancing the people’s sense of gain and satisfaction.

Second, in terms of supporting scientific and technological innovation, Li Yunze proposed that the core element of new productivity is scientific and technological innovation, and my country’s financing structure has long been dominated by indirect financing. This requires actively and steadily guiding bank insurance funds to invest early, small and long-term hard technology.

Li Yunze proposed that the current focus is to focus on four pilot projects and actively and steadily promote the expansion of the pilot projects.

The first is the equity investment pilot of financial asset investment companies. In 2024, the State Administration of Financial Supervision will expand the scope of the pilot to 18 cities across the country, achieving positive results, and the contracted amount has exceeded 350 billion yuan. ldquo; This year we plan to further expand the pilot area and allow more financial institutions to participate. rdquo;

The second is the pilot reform of long-term investment in insurance funds. The scale of the pilot in the early stage has exceeded 100 billion yuan. The intensity will be further increased this year. On March 4, an additional 60 billion yuan was approved. This not only brings tangible medium-and long-term investment to the capital market. Increase funds, but also further strengthens the institutional investor group.

The third is the pilot project of M & A loans for technology companies. The State Administration of Financial Supervision is considering increasing the upper limit of M & A loans in M & A funds to 80%, which was originally 60%, and extending the term from 7 years to 10 years to support technology companies, especially chain owners, Accelerate industrial integration and smooth capital circulation.

Finally, there is a comprehensive pilot project of intellectual property finance ecology. The State Administration of Financial Supervision and the State Intellectual Property Office plan to conduct pilot trials in areas with active innovation across the country, focusing on solving long-standing and difficult problems such as pledge registration, evaluation and disposal, truly turning intellectual property rights into gold and accelerating the transformation into real productivity.