May 18, 2022 04:35 PM (GMT+8) · EqualOcean
Mao Hongjun, head of the Inclusive Finance Department of the China Banking and Insurance Regulatory Commission, said that at present, China's banking industry maintains a stable operation and has strong risk resilience, which also provides policy space for giving play to the counter cyclical role of supervision and solving difficulties for small and micro enterprises. The non-performing loan ratio of the whole banking industry was 1.82%, which remained at a reasonable level. The provision balance of the banking industry was 7.4 trillion yuan, and the provision coverage rate reached 197.5%. In the next step, the cbcirc will coordinate the epidemic prevention and control and economic development, promote regulatory policies, and help effectively stabilize the economic market. At the same time, it will urge the banking industry to prepare for the possible exposure of non-performing loans in the future, classify assets, broaden the disposal channels of non-performing loans, and strengthen the disposal.