Shang Fulin: To prevent credit risks and continuously improve the quality of assets

[Dahe Daily · Dahecai Cube] (Reporter Chen Yujing) On August 20, the China Fortune Management 50 Men Forum (CWM50) held a summer summit in Beijing.

Chairman CWM50, Director of the Economic Committee of the National Committee of the Chinese People's Political Consultative Conference, and former chairman of the China Banking Regulatory Commission Shang Fulin said in his speech that from the perspective of the situation in the first half of the year, the economy recovered in January and February than expected. More obvious. With the implementation of the steady growth policy, since May, the gradual improvement of economic operations has increased, and positive factors are increasing. At the same time, the pressure of economic downturn still exists, and new challenges and requirements have been put forward in financial work.

Reduce the willingness of preventive savings

Promote the transformation of residents' savings to investment

In Shangfu Lin's view, first of all, we must continuously improve the efficiency of financial services and better support the stable economic development.

Shang Fulin believes that while increasing financial support, we should pay more attention to the effectiveness of financial services. We must continue to closely closely closely at high -quality development themes, focus on expanding effective demand, increase and improve financial supply, and promote the steady improvement of economic essence and improvement. Reasonable growth.

On the one hand, it supports the transformation and upgrading of the real economy to guide more funds to invest in advanced manufacturing and science and technology enterprises to better serve key core technology and "specialized new" enterprises to support infrastructure and major project construction. Good "14th Five -Year Plan" key areas and financing guarantees for major projects.

On the other hand, we must focus on meeting the needs of financial services in the new period, continue to guide banks, insurance institutions, and strengthen small and micro enterprises and "three rural" financial services.

"It is necessary to further consolidate and expand the results of financial poverty alleviation, improve the social security system, and do a good job of financial services for new citizens. At the same time, in response to financial needs in the fields of medical care, health, and pension education, explore the wealth management market of innovative financial services products, enrich investment and financial management. Channels, continuously improve the investment market environment, cultivate value investment and long -term investment concepts, reduce the willingness to prevent preventive savings, and promote the transformation of residents' savings to investment. "Shang Fulin said.

Secondly, it is necessary to stabilize the macro leverage and maintain the total debt and economic growth.

Shang Fulin said that in the first half of this year, in order to cope with the complex situation, the macro leverage rate climbed again, rising to approaching the early high point in the first quarter. Although comparison with international views on the whole, the increase in my country's macro leverage ratio is significantly lower than that of other major economies at the same time, but it still needs to pay close attention to the common issues that other economies have shown due to the increase in debt and economic slowdown.

To deepen the reform of small and medium financial institutions

Finally, Shang Fulin believes that it is necessary to prevent credit risks and continuously improve the quality of assets.

"From the perspective of international situations, the non -performing loan ratio of most countries is at a relatively low level, mainly because the government has adopted support policies such as debt repayment extension to avoid the result of the default of the delay in debt repayment in order to cope with the epidemic supply. "Shang Fulin said.

Shang Fulin believes that it is worth noting that, on the one hand, as the economic downturn is mapped to the financial sector, the pressure of banks' non -performing loans will continue to increase. Affected by the decline in economic downside and industry prosperity, credit risk may be possible. Increase. On the other hand, due to the implementation of loan delay and other policies, it may be difficult to judge whether the company's operations are facing short -term liquidity challenges or fundamental affected by the operation. In this case, the real risk level of the enterprise may not be fully exposed. Some backward production capacity and "zombies" enterprises that should have been eliminated may survive, affect the market clearing, and weaken the vitality of the economy.

"The possible changes in the quality of assets directly impact the stability of the financial sector, especially the impact on local small and medium -sized banks is more obvious. Difficulties in the book level, the difficulty of existing risk disposal, and the relatively concentrated regional risk. The exacerbation of non -performing assets will expose the burden of the transformation and development of small and medium -sized financial institutions, and the risk prevention and control will also face greater difficulty. "Shang Fulin said.

To this end, Shang Fulin believes that on the one hand, we must continue to do real asset classification, find out the number of risks, fully expose non -performing assets, increase the disposal of non -performing assets, resolutely crack down on the escape debt, maintain the regional credit environment and financial order; on the other hand, on the other hand, It is necessary to rely on deepening the reform of small and medium -sized financial institutions, to solve the deep -seated institutional and mechanism problems with means of reform, broaden the capital supplementary channels of small and medium -sized banks, and fundamentally enhance risk resistance.

Responsible editor: Wang Shidan | Audit: Li Zhen | Director: Wan Junwei

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