Among the 36 dispatched offices of the CBRC, the Shanghai Banking and insurance regulatory bureau took the lead in disclosing the banking operation data within its jurisdiction in the first month of this year.
On February 24, the data of Bank Of Shanghai Co.Ltd(601229) industry disclosure in January 2022 released by the Shanghai Banking and Insurance Regulatory Bureau of the CBRC showed that in January this year, the total asset scale of commercial banks under the jurisdiction of Shanghai grew close to double digits, and the non-performing loan ratio as of the end of January was only 0.72%, which was not only lower than that at the end of last year, but also significantly ahead of the average level of 1.73% of Chinese commercial banks as of the end of last year. It is worth noting that this is also the first of the 36 bancassurance bureaus to disclose bank data in January.
According to the data of the local banking industry disclosed by the Shanghai Banking and Insurance Regulatory Bureau in January, the asset quality of commercial banks in Shanghai is excellent. By the end of January this year, the balance of non-performing loans of commercial banks in Shanghai was 57.308 billion yuan, and the non-performing loan ratio was only 0.72%, down 0.01 percentage points again from the end of the fourth quarter of last year. Although there is no overall operation data of China’s commercial banks in January, according to the data on the regulatory indicators of banking insurance owners in the fourth quarter of 2021 disclosed by the China Banking and Insurance Regulatory Commission not long ago, by the end of 2021, the overall non-performing loan ratio of China’s commercial banks was 1.73%. It is not difficult to see that the overall asset volume of Bank Of Shanghai Co.Ltd(601229) industry not only continued to improve month on month, but also significantly ahead of the average value of Chinese commercial banks.
In response to the good performance of the asset quality of Bank Of Shanghai Co.Ltd(601229) industry in the first month of this year, pan Helin, executive director of the Digital Economy Research Institute of Central South University of economics and law, said in an interview with the reporter of Securities Daily that the high asset quality of banks under Shanghai’s jurisdiction is first determined by the external environment. As China’s financial center, Shanghai’s financial industry development is at the leading level in the country, Due to the concentration of a large number of high net worth individuals and global top 500 enterprises, it is easier for banks to obtain high-quality customers in Shanghai. These customers often have good reputation. Moreover, the current assets of first tier cities, including real estate, are expected to be stable, and the corresponding bank assets are ideal. In addition, relying on the status of Shanghai as an international financial center, banks in Shanghai can raise capital and enrich capital through multiple channels, operate in an international management mode, objectively optimize the bank business model and improve the asset quality of the local banking industry.
Under the background of commercial banks increasing credit supply, the asset scale of Bank Of Shanghai Co.Ltd(601229) industry also continued to grow. According to the data disclosed by the Bank Of Shanghai Co.Ltd(601229) industry, as of the end of January, the asset scale of commercial banks under the jurisdiction of Shanghai had reached 18.46 trillion yuan, an increase of 9.63% over the same period last year.
The overall good performance of Bank Of Shanghai Co.Ltd(601229) industry is also reflected in the disclosed performance express.
Up to now, Shanghai Rural Commercial Bank Co.Ltd(601825) one of the local banks in Shanghai has disclosed the performance express in 2021. The industry performance express shows that in 2021, its various businesses were carried out steadily and its overall operation was in good condition. Last year, the group achieved an operating revenue of 24.148 billion yuan, a year-on-year increase of 9.57%; The net profit attributable to the shareholders of the parent company was 9.696 billion yuan, with a year-on-year increase of 18.81%. As of December 31, 2021, its non-performing loan ratio was less than 1%, only 0.95%.
He Yanlin, a professor at the school of finance of the University of international business and economics, pointed out that although the economic development of Shanghai has fluctuated in recent years, the overall economic growth momentum is still strong, creating a good external environment for the development of the local banking industry. In the future, the performance of high-quality urban commercial banks and rural commercial banks in economically developed areas, including Shanghai, will be more brilliant.
