Under the repeated epidemic, China’s economy is facing multiple tests. To help stabilize the economic market, the role of the financial industry is indispensable.
The China Banking and Insurance Regulatory Commission held a regular press conference on the banking and insurance industry on the 19th. The heads of China’s three financial institutions Industrial And Commercial Bank Of China Limited(601398) , China Citic Bank Corporation Limited(601998) , The People’S Insurance Company (Group) Of China Limited(601319) and The People’S Insurance Company (Group) Of China Limited(601319) appeared on the same stage to show the actions and determination of the banking and insurance industry to overcome difficulties and “attack from all sides” to help the steady and healthy development of the real economy.
– continue to increase investment and financing support
In the current environment, the key to “steady growth” is to boost the real economy. To this end, major banks are increasing investment and financing support.
Liao Lin, the Industrial And Commercial Bank Of China Limited(601398) president of China, introduced that the bank did a good job in “addition” and maintained a rapid growth in the total amount of investment and financing. At the end of April, ICBC’s domestic RMB loans increased by more than 1 trillion yuan (RMB, the same below) compared with the beginning of the year, with a year-on-year increase of more than 200 billion yuan, leading the market and reaching a record high. Among them, corporate loans totaled 2.32 trillion yuan, an increase of 330.9 billion yuan over the same period, an increase of 16.6%.
At the same time, ICBC has also done a good job in “multiplication” to achieve accurate and direct investment. Focus on key economic areas and weak links such as manufacturing, small and micro enterprises, green, science and innovation, private enterprises and rural revitalization, provide special support to areas greatly affected by the epidemic and temporarily difficult industries, and play a multiplier role. The growth rate of loans in relevant fields is higher than that of various loans.
China Citic Bank Corporation Limited(601998) president Fang Heying disclosed that the bank anchored the key areas of the real economy, supported a package of “combination boxing” in terms of strategy, mechanism, resources, products and management promotion, strengthened the assessment of branches, vigorously innovated with customers as the center, continued to tilt resources and strive to increase credit China Citic Bank Corporation Limited(601998) strategic emerging industry loans reached 338.2 billion yuan at the end of April this year, up 60.6% year-on-year, on the basis of an increase of 70.4% last year.
– take the initiative to serve epidemic prevention and control
At present, we are in a critical period of epidemic prevention and control. Around serving epidemic prevention and control, financial institutions have taken the initiative to show their “good skills” one after another.
Wang tingke, President of The People’S Insurance Company (Group) Of China Limited(601319) group, said that The People’S Insurance Company (Group) Of China Limited(601319) fully serves to speed up vaccination. Provide comprehensive risk guarantee for vaccine research and development, transportation and vaccination. In the R & D link, PICC P & C exclusively provides multi-stage covid-19 vaccine abnormal response compensation insurance services for Sinopharm China biology to assist vaccine enterprises in R & D. In the transportation link, PICC Property Insurance provides vaccine transportation risk guarantee for pharmaceutical and logistics enterprises, with a total risk of 20 billion yuan.
Wang tingke also revealed that in the vaccination link, PICC Health has insured nearly 1.7 billion doses of covid-19 vaccine since the successful development of covid-19 vaccine in 2020, accounting for about half of the national covid-19 vaccine vaccination, covering 31 provinces across the country, with a claim amount of more than 85 million yuan, so as to escort the fight against the epidemic as soon as possible.
The banking industry also made targeted efforts to ensure the financial needs of epidemic prevention and control. Liao Lin said that in terms of ensuring anti epidemic and epidemic prevention, China Industrial And Commercial Bank Of China Limited(601398) continued to increase credit support for epidemic prevention and control enterprises nationwide. Since this year, it has invested more than 350 billion yuan in loans for key areas such as medicine and medical treatment, living material guarantee and logistics guarantee, and fully supported epidemic prevention and control and resumption of work and production.
– the “financial temperature” transmitted by bail-out and profit transfer
The epidemic has had a huge impact on small, medium-sized and micro enterprises, and the banking and insurance industry continues to pass the “financial temperature” in the rescue and profit transfer.
Recently, there has been an epidemic in some areas of Beijing. The People’S Insurance Company (Group) Of China Limited(601319) and Chaoyang District Government jointly launched “Chaoyang District service-oriented enterprise epidemic prevention and control insurance”, which provides basic insurance protection for the possible salary suspension risks faced by employees of catering, retail and other service-oriented enterprises that must be closed down due to contact with confirmed cases or close contacts.
According to Wang tingke, by the end of April, the above insurance types had covered 62000 enterprises, insured about 740000 people, and successively completed the compensation payment of about 250 enterprises and more than 1200 people, with a total compensation amount of more than 1.35 million yuan.
The banking industry helps enterprises “create blood” and “activate blood” by continuously benefiting the real economy. Fang Heying introduced that last year, the average interest rate of China Citic Bank Corporation Limited(601998) loans decreased by 31 basis points compared with that in 2020, which was 6 basis points higher than the average level of joint-stock banks, and the direct interest reduction was 13.8 billion yuan. At the same time, while reducing the loan interest rate, the bank reduced and reduced the preferential handling fees in a multi pronged manner. Last year, the bank reduced and reduced the handling fees for all kinds of customers by about 4 billion yuan.
