Local banking and Insurance regulatory bureaus have identified priorities for 2022

2022-05-21 0 By

We will continue to strengthen financial risk prevention, help regional development serve the real economy, and deepen financial reform and opening up in key areas.Recently, several local banking and Insurance regulatory bureaus held meetings to delineate the focus of work in 2022.According to economic Information Daily, in 2022, local banking and Insurance regulatory authorities will focus on supporting small and micro private enterprises, major regional projects and important industries to promote a virtuous cycle of the national economy and boost regional development and serve the real economy.At the same time, efforts will be made to prevent and defuse financial risks, the disposal of high-risk institutions, prevent disorderly expansion of capital, and real estate financial supervision will be the focus of local risk prevention in 2022.In addition, financial reform and opening-up will continue to deepen in key areas such as provincial cooperatives and small and medium-sized banks.The main line of financial supervision in recent years has always been to prevent the disorderly expansion of capital and prevent and defuse financial risks.According to the CBRC’s work in 2022, we will continue to prudently handle risks in the financial sector in accordance with the basic principle of “stabilizing the overall situation, making overall planning and coordination, applying policies based on different categories and taking targeted measures to defuse bombs”, and firmly guard against systemic financial risks.Financial risk prevention was placed in an important position in the meeting of many local banking regulators.Among them, in the disposal of high-risk institutions, Beijing Banking and Insurance Regulatory Bureau proposed that we should properly deal with the rebound of non-performing assets, orderly promote the disposal of high-risk financial institutions, and strictly prevent risk spillover.Inner Mongolia Banking and Insurance Regulatory Bureau said, has pushed the city commercial banks, rural cooperative institutions, rural banks and other key institutions reform insurance work;Further promote the collection and disposal of non-performing assets, and regularly report the collection and disposal of non-performing loans to the local government;We will coordinate efforts to prevent and defuse risks in key areas, and strictly prevent the transfer of external risks to the banking and insurance sectors.Liaoning Banking and Insurance Regulatory Bureau said that it would carry out the “Year of Internal control compliance Management Construction” activities, prevent and resolve financial risks in key areas, and go all out to promote the reform of small and medium-sized banks.Anhui Banking and Insurance Regulatory Bureau said to fundamentally prevent financial risks, in accordance with the principle of “one line, one policy” and “one place, one policy”, accelerate the disposal of high-risk institutions, actively respond to the concentrated rebound of non-performing assets, strictly prevent the resurgence of high-risk shadow banking.Preventing and controlling capital disorderly expansion is also an important part of preventing risk.Beijing Banking and Insurance Regulatory Bureau said it will resolutely prevent the disorderly expansion of capital in the financial sector, strengthen anti-monopoly and anti-unfair competition in the financial sector, and resolutely ban illegal financial institutions.Hubei Banking and Insurance Regulatory Bureau and Fujian Banking and Insurance regulatory bureau proposed to resolutely prevent the disorderly expansion of capital in the financial field, build a solid industrial capital and financial capital “firewall”.It is worth noting that some hot cities also make special statements for real estate management.For example, The Beijing Banking and Insurance Regulatory Bureau has made it clear that it will adhere to the positioning of “housing rather than speculation”, continue to improve the long-term mechanism of “stabilizing land prices, housing prices and expectations”, and steadily defuse the risk of “gray rhinos” in the real estate market.Shanghai Banking and Insurance Regulatory Bureau also said, adhere to the “housing not speculation” positioning, to maintain the smooth and healthy operation of Shanghai real estate market.Anhui Banking and Insurance Regulatory Bureau said that strict implementation of the “three tier four” and real estate loan concentration requirements, to prevent bank insurance funds detour into the real estate market.Jiangxi, Fujian, Hubei and other places also mentioned to further build a long-term mechanism of real estate.Serving local major projects will not only prevent financial risks, but also promote a virtuous cycle of the national economy and help regional development to serve the real economy, which is an important focus for the work of multiple local BANKING and Insurance Regulatory bureaus in 2022.Specific arrangements have been made in many areas to support small and micro private enterprises.Tianjin Banking and Insurance Regulatory Bureau said, improve financial support for small and micro private, internal control compliance management, key disorder rectification and other supervision mechanisms, continue to promote the steady development of inclusive finance, inclusive small and micro enterprise loans to maintain the “two increase”, consolidate the effect of reducing fees to make profits.Anhui Banking and Insurance Regulatory Bureau proposed to optimize financial services in weak areas such as small and micro enterprises, implement the policy of deferred repayment of principal and interest, consolidate the achievement of reducing fees and transferring profits, ensure the realization of inclusive small and micro enterprises loan “two increase” target, increase the proportion of credit loans, “first borrower” and renewed loan business, increase the credit support to individual industrial and commercial households.Jiangxi Banking and Insurance Regulatory Bureau said, focus on optimizing financial services for small, medium and micro enterprises, promote incremental, expansion, price reduction, carry out small and micro credit supply and steady growth action, financial support “specialized and special new” small and micro enterprises spring action.In terms of regional major projects and important industries, Ningxia Banking and Insurance Regulatory Bureau proposed to focus on major strategic projects, actively docking ningxia Yellow River Basin ecological protection and construction of high-quality development pilot zone, and increasing financial support for digital economy, manufacturing equipment update and technological transformation investment.Hubei Banking and Insurance Regulatory Bureau said that it will guide and support Hubei province to build “51020” modern industrial cluster, regional development layout of “one main leading, two wings driving, whole area coordination”, financial demand of carbon peak and carbon neutral strategy, and serve high-quality economic and social development.Shanghai Banking and Insurance Regulatory Bureau will focus on the “six stability” and “six guarantees”, reasonably increase the financing supply;Serve the “three tasks and one platform”, build Pudong into a leading area for socialist modernization, and help Shanghai’s “five-model economy”, “four major functions” and “3+6” industrial system to a higher level.We will guide innovative products and services in science and technology finance, industrial finance, and green finance, and meet the financial demand for replacing old drivers of growth with new ones.In accordance with the requirements of “stability first, progress in stability”, Beijing Banking and Insurance Regulatory Bureau closely focused on The strategic positioning of Beijing as a “four central” city and the joint landing of the “five Sub-cities”, with greater strength and more concrete measures to support the stabilization of the macroeconomic market, to promote the smooth economic circulation;We will expand effective demand and appropriately increase the supply of financing.Zeng Gang, director of the Shanghai finance and development laboratory, points out that the financial support in regional economy development needs both macroeconomic regulation and control and direction of industrial policy, will need loans to the real economy field, power quality and economic development, also needs to be based on the principles of the market, adapt to economic development law, mining meet the requirements of the credit policy quality industries, emerging industries,We will promote industrial restructuring and form a virtuous cycle between bank credit and the real economy.Reform and opening up in key areas in recent years, reform and opening up in the banking and insurance industries has accelerated, and a series of policies and measures have been implemented.According to the meeting of local Banking and Insurance regulatory bureaus, financial reform and opening-up will continue to deepen in 2022 centering on key areas such as provincial cooperatives and small and medium-sized banks.In terms of reform, Hubei Banking and Insurance Regulatory Bureau proposed to deepen the reform of provincial association and enhance the sustainable development capacity of rural banks;We will continue to strengthen the guarantee function of insurance, promote high-quality development of agricultural insurance, consolidate achievements in comprehensive reform of auto insurance, steadily develop liability insurance and catastrophe insurance, and actively promote innovation in health insurance and old-age insurance.Guangxi Banking and Insurance Regulatory Bureau proposes to promote the transformation and development of local legal person institutions, promote urban commercial banks to enhance their competitiveness, deepen the reform and transformation of rural credit cooperatives, promote the sustainable development of rural banks, promote the steady development of insurance legal person institutions, and promote non-bank legal person institutions to adhere to the positioning.Hainan Banking and Insurance Regulatory Bureau also said that grasping the critical period and opportunity period of reform and innovation, “one province and one policy” to accelerate the reform of Hainan rural credit cooperatives;Actively participate in the construction of the third pillar endowment insurance, consolidate the achievements of the reform of auto insurance;We will improve auto insurance services, increase the supply of auto insurance products, and advance the trial of catastrophe insurance.Focusing on financial opening-up, many places have also identified “road maps”.The Beijing Banking and Insurance Regulatory Bureau said it will continue to expand high-level opening-up, actively serve the country’s major opening-up measures, and strictly prevent the transmission of national risks and cross-border risks.Shanghai Banking and Insurance Regulatory Bureau will strengthen the construction of Shanghai international financial center, implement the general requirements of high-level opening to the outside world, find the right incision to promote the opening of financial system;We will continue to increase the concentration of institutions, enrich the types of institutions and enhance the functions of the headquarters, and actively introduce financial institutions with excellent qualifications and professional characteristics to help build Shanghai into a global asset management center.Guangdong Banking and Insurance Regulatory Bureau will continue to implement the reform and innovation strategic deployment of the Guangdong-Hong Kong-Macao Greater Bay Area, Hengqin Guangdong-Macao In-depth Cooperation Zone and Guangdong Pilot Free Trade Zone, and further promote the opening up of the banking and insurance industry.(Reporter Xiang Jiaying wang Zixu Intern Xiao Qianyi)