The People's Bank of China issued a document, proposed to promote the work of resolving financial risks, and emphasized that the current Chinese financial risk overall convergence and overall controllable.
The People's Bank of China Financial Stability Bureau published a column article on the official website on Tuesday (November 14), talking about the work of the People's Bank of China in preventing and resolving financial risks in recent years.
The article said that in recent years, the Bank of China has passed the bankruptcy liquidation, HNA Group, Huaxin Group, and the bankruptcy and reorganization of Founder Group in recent years, so that all kinds of business entities can effectively feel that "doing business is to have a business.For capital, borrowing money is to be repaid, investment is to bear risks, and bad things to do bad things to pay at the price. "
In terms of the banking system, the Central Bank of China has continued to promote the reform of small and medium -sized banks.Actively explore the pilots of early correction of hard constraints in some provinces, and put forward the hard constraints of new high -risk banks on "rectification within a time limit".
The article also mentioned that the central bank of China has issued a series of regulations such as the new regulations for capital management, unified regulatory standards, strengthened risk isolation, promoted the rectification and transformation of the asset management business, and the chaos such as nested and empty funds was obtained.Effectively curb, the scale of shadow banks has dropped sharply; the financial business of the Internet platform corporate financial business is stable, and all P2P online loan institutions have been suspended. Internet asset management, equity crowdfunding, virtual currency transactions, and Internet foreign exchange transactions are basically completed.
In terms of local debt, the article states that the People's Bank of China "actively supports local governments to resolved the risk of debt in stability" and guide financial institutions to negotiate equally with the financing platform in accordance with the principles of marketization and rule of law.Also old and replaced methods to resolve existing debt risks, strictly control new debt, and improve the normalized financing platform financial debt monitoring mechanism.
The article also said that the establishment of the "Financial Stability Guarantee Fund" has been accelerated. The infrastructure has been initially established and has accumulated certain funds.
The article states that China's "financial risk overall convergence and overall controllable".At the end of the second quarter of this year, the total assets of China's financial institutions were 449.21 trillion yuan (RMB, the same below, about 83.81 trillion yuan), of which the total assets of the banking institution was 406.25 trillion yuan, and the assets accounted for more than 90 %;Of the 4,000 commercial banks, most banks are within the security boundary. The number of high -risk banks is only more than 300, and assets account for less than 2%of all banks.
The CPC Central Committee's Financial Work Conference held a meeting at the end of October this year, emphasizing that the theme of promoting high -quality financial development is the theme, comprehensively strengthened financial supervision, effectively prevent and resolve financial risks, and firmly adhere to the system that does not occur without systemic financial risks.The bottom line.
