1. The financial data in January exceeded expectations, and “wide credit” still needs to wait. On February 10, the central bank released the financial data for January 2022: the new scale of social financing was 6.17 trillion, and the market expected 5.39 trillion, compared with the previous value of 2.37 trillion; New RMB loans (financial institutions) reached 3.98 trillion, and the market expected 3.69 trillion, up from 1.13 trillion. In terms of money supply, M2 increased by 9.8% year-on-year, the market expected 9.2%, and the previous value was 9%; M1 decreased by 1.9% year-on-year. Excluding the influence of the wrong timing of the Spring Festival, M1 increased by about 2% year-on-year and the previous value was 3.5%. Supported by the “good start” of credit, the increase of direct financing and the slowdown of off balance sheet pressure drop, the new amount of social finance reached a record high in January 2022. In January, the credit reached a record high, mainly driven by the loan from the enterprise sector, and the resident loan is a drag on the on balance sheet financing.
2. The pilot of pension financing was carried out in an orderly manner, and BlackRock CCB was approved to join the Bureau. On February 11, the China Banking and Insurance Regulatory Commission issued a notice specifying that BlackRock Jianxin Financial Management Co., Ltd. (hereinafter referred to as BlackRock Jianxin) participated in the pilot of pension financial products. The pilot cities are Guangzhou and Chengdu. The pilot period is one year, and the total scale of raised funds is limited to 10 billion yuan in advance. It is worth noting that BlackRock CCB was jointly initiated and established by BlackRock financial management company, CCB financial management and other companies, and BlackRock group is the largest professional pension management organization in the world with long-term pension management practice.
3. According to the data release of banking and insurance industry in the fourth quarter, the total assets increased steadily in 2021. On February 11, the CBRC released the data of major regulatory indicators of the banking and insurance industry in the fourth quarter of 2021. The scale of banking and insurance industry grew steadily as a whole. At the end of the fourth quarter of 2021, Bank Of China Limited(601988) financial institutions’ domestic and foreign currency assets were 344.8 trillion yuan, a year-on-year increase of 7.8%, of which the scale of large banks / joint-stock banks / urban commercial banks / rural commercial banks increased by 7.8% / 7.5% / 9.7% / 10.0% respectively; The total assets of insurance companies were 24.9 trillion yuan, an increase of 11.5% over the beginning of the year. Among them, property insurance companies / life insurance companies / reinsurance companies / insurance asset management companies increased by 6.0% / 12.4% / 22.2% / 35.4% respectively over the beginning of the year.
4. The financial technology investment report was released in 2021, with a total financing of US $210 billion in the whole year. On February 7, KPMG released the second pulse of fintech report in 2021. The report shows that in 2021, the global financial technology industry raised a total of US $210 billion, a year-on-year increase of 68%. It introduces in detail the global financing in the six financial technology fields of payment, insurance technology, government finance, network security, wealth management and cryptocurrency. From the financing situation of fintech in 2021, the large amount of fintech investment is still concentrated in European and American countries, and M & A is widely used. The industry is dominated by B2B, credit and payment. The largest investment is the London Stock Exchange, so US $14.8 billion was purchased from American refinitiv.
