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The Bank of China Insurance Regulatory Commission said on Monday that the overall risk of China's small and medium-sized financial institutions is under control. The next step is to strengthen the list system management and stress testing, strengthen the operability and enforceability of the plan, and take a variety of effective ways to deal with high-risk institutions safely. At the same time, the Bank of China Insurance Regulatory Commission and the central bank are working together with relevant regions to study and formulate the transformation tools for P2P online lending institutions to small loan companies Body plan.
Huang Hong, vice chairman of the CIRC, said at the press conference of the State Council's new office that he would urge financial institutions to formulate and implement recovery and disposal plans, and continue to resolve non-performing loans of banks. In the first three quarters, the non-performing loans were disposed of about 1.4 trillion yuan, an increase of 176.5 billion yuan over the same period last year.
"In the past two and a half years, the asset growth rate of the banking industry has decreased from about 15% in the past to about 8% at present, and the scale of shadow banking has been greatly reduced. In the past two years, a total of 14.5 trillion yuan of high-risk assets in cross finance has been reduced, mainly due to channel business and de facto virtual capital." Huang Hong said.
As for the list system to resolve high-risk institutions, Xiao Yuanqi, chief risk officer of the CIRC, explained on the same occasion that, first of all, the regulatory authorities and the various CIRC bureaus should find out the risk base of the institutions under their jurisdiction, divide the risks into high, medium and low levels according to the risk base, adopt low-frequency supervision for low-risk institutions and high-frequency supervision for high-risk institutions.
However, the specific policy measures and paths to resolve risks should not only follow the unified regulatory rules and regulations, but also allow each institution to tailor its own risk characteristics and causes to develop useful and effective solutions.


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