2020 “Yinhua Fund Cup” Sina bank financial planner competition, hot registration. From now on to September 7, you will receive free gift packages worth more than 700 yuan from Guan Qingyou, Luo Yuanshang, Chen Kaifeng and Jian Qi. < / P > < p > original title: cbcirc makes a big voice! Why advise the United States not to go its own way? Two major reasons for the decline of Bank net profit! The annual planned disposal of non-performing assets was 3.4 trillion < / P > < p > < p > the CBRC made a heavy voice over the weekend, responding to the hot issues such as the decline of Bank net profit, the development of Hong Kong’s financial service industry, the non-performing risk of Inclusive Finance, and the reform of small and medium-sized banks. In an interview with reporters on August 22, a spokesman for the China Banking and Insurance Regulatory Commission said that the decline in the net profit of the banking industry in the first half of the year was mainly due to two reasons, namely, the continuous yield of profits to the real economy, intensified efforts to dispose of non-performing products and provision provision provision. The cbcirc will continue to guide bancassurance institutions to improve the quality and efficiency of serving the real economy, and do a good job in risk prevention while maintaining steady growth. At the same time, in view of the recent announcement of sanctions against 11 officials of the central government departments of China and the Hong Kong Special Administrative Region (HKSAR) by the US State Department and the Ministry of Finance on the grounds of “undermining Hong Kong’s autonomy”, the CBRC also expressed its views on this and looked forward to the development prospects of Hong Kong’s financial industry. The spokesman said that at present, the overall operation of Hong Kong’s financial market is stable and the foundation of the linked exchange rate system is stable, which also reflects the confidence of the international market in Hong Kong. The mainland of China is a strong backing for Hong Kong’s prosperity and stability. We firmly believe that Hong Kong’s status as an international financial center will not be weakened or shaken, but will be more prosperous and more stable in the future. In addition, with regard to the opening up of finance, the spokesman said that since 2018, the CBRC has approved the establishment of nearly 100 foreign banks and insurance companies in China. In the first half of this year, a number of well-known and high-quality foreign banks and insurance institutions from all over the world were approved to set up. For example, BlackRock Financial Management Co., Ltd., CCB Financial Management Co., Ltd. of the United States and fuden Management Co., Ltd. of Temasek in Singapore jointly planned to establish BlackRock Jianxin Financial Management Co., Ltd., which is controlled by foreign investors. At present, some foreign institutions from Asia, Europe and America are conducting market research. Some have made clear their plans to expand their business in China, and some have submitted preliminary applications to set up institutions. It is expected that more foreign institutions will participate in China’s financial market in the near future. In the first half of 2020, the cumulative net profit of commercial banks was 1 trillion yuan, a year-on-year decrease of 9.4%, and the growth rate was 15.86 percentage points lower than that of the same period last year. As soon as the data was released, the market was strongly concerned, and the CBRC also made an official response to this on the 22nd. According to a spokesperson for the CBRC, there are two main reasons for the decline in the net profit of the banking industry: < / P > < p > the first is to continue to yield profits to the real economy. Since the beginning of this year, bancassurance institutions have taken into account both short-term and long-term interests. In accordance with the principle of commercial sustainability, through measures such as lowering interest rates, reducing fees, financial restructuring and extending loan repayment of principal and interest, bancassurance institutions have delivered more than 870 billion yuan to the real economy in the first seven months. < / P > < p > the second is the increase of bad disposal and provision provision. In the first half of the year, banking financial institutions disposed of 1.1 trillion yuan of non-performing loans, an increase of 168.9 billion yuan over the same period of last year. Meanwhile, according to the principle of expected credit losses, the provision for impairment was 1.3 trillion yuan, up 34.4% year on year. According to the actual situation of this year, the banking system plans to dispose of about 3.4 trillion yuan of non-performing assets, an increase of 1.1 trillion yuan over last year. The ability of the banking industry to resist risks will be further enhanced. In terms of bank asset quality, in the first half of the year, loans to inclusive small and micro enterprises of banking financial institutions increased by 28.4% year-on-year, and that of five large banks increased by 34.6% compared with the beginning of the year, which is a speed not seen in other countries. While China’s inclusive finance has made remarkable achievements, it will also increase the market’s concern about the deterioration of the asset quality of inclusive small and micro loans. In this regard, a spokesperson for the CBRC said that the first half of this year suffered the unprecedented impact of the epidemic in a century, and the finance must support the stable development of small and micro enterprises with extraordinary strength. All along, the cbcirc has focused on guiding all kinds of Bancassurance institutions to carry out inclusive financial business in accordance with the principles of cost calculation, risk control and commercial sustainability. Some banks have accelerated digital transformation, improved business processes, and innovated service models, which not only effectively tap potential demand in the field of Inclusive Finance, but also significantly improved the ability of risk management and control. As of June 30, the balance of non-performing inclusive small and micro loans was 0.4 trillion yuan, an increase of 9.25% over the beginning of the year, and the non-performing rate was 2.99%, 0.88 percentage points higher than the non-performing rate of various loans. < / P > < p > “the current level of defective rate is close to the original tolerance limit. However, considering that the new epidemic is a century disaster and the economy is fully restored to normal, it still needs more financial contributions. To guarantee enterprises and employment is to guarantee banks and finance. Therefore, the recent rise in the cost of financial risk is both normal and necessary. The financial system is very confident that Inclusive Finance has not only improved its quantity, but also made a qualitative leap forward. Through reform and opening up, technology empowerment and strengthening management, inclusive finance is gradually realizing precision drip irrigation, and the credit risk is completely controllable on the whole. ” The spokesman said. Recently, the U.S. State Department and the Ministry of Finance announced sanctions against 11 officials of the central government of China and the Hong Kong Special Administrative Region (HKSAR) on the grounds of “undermining Hong Kong’s autonomy”. Some overseas media believed that the relevant financial services involved might be affected. In response, a spokesman for the CBRC said that the US side’s relevant acts grossly interfered in China’s internal affairs and seriously violated international law and basic norms of international relations. We are firmly opposed to this. Hong Kong affairs are China’s internal affairs. Hong Kong’s economic and financial activities are under the jurisdiction of the SAR government, and no foreign government has the right to intervene. The spokesman said that for a long time, the United States has often abused the so-called “long arm jurisdiction” and used financial hegemony to carry out so-called “unilateral sanctions”. The United States has put domestic law above international law and interfered in the normal operation of financial institutions, which not only lacks legal effect, but also violates the principles of market economy, and has been unanimously condemned by the international community. < / P > < p > “China has been liberated for more than 70 years, and Hong Kong has returned to the motherland for more than 20 years. Today, if anyone wants to use the tricks of power politics in the past to bully the Chinese people, it will be doomed to complete failure from the beginning. ” The spokesman said that Hong Kong is one of the most important international financial centers, involving the economic interests of many countries and enterprises. Financial institutions of various countries, including many financial institutions in the United States, have business ties and commercial presence in Hong Kong. Any action taken by the US side that is detrimental to Hong Kong’s financial stability is not only a deliberate enemy of the Chinese people, but also a deliberate confrontation with the people of the world, including the American people. The United States is the most important participant in the current international financial system and the largest beneficiary. We advise the US government not to act blindly and not to do things like lifting stones and hitting its own feet. We always believe that cooperation and consultation are the only way to solve the economic, trade and financial problems between China and the United States. < / P > < p > the spokesman stressed that China funded financial institutions were firmly supported to carry out business in accordance with the law and provide good financial services to all customers, including Hong Kong citizens and enterprises. At present, the overall operation of Hong Kong’s financial market is stable and the foundation of the linked exchange rate system is stable, which also reflects the confidence of the international market in Hong Kong. The mainland of China is a strong backing for Hong Kong’s prosperity and stability. We firmly believe that Hong Kong’s status as an international financial center will not be weakened or shaken, but will be more prosperous and more stable in the future. In the first half of the year, six ministries and commissions jointly issued the work plan for deepening the reform and replenishing capital of small and medium-sized banks. At present, the relevant work in various provinces and cities is being promoted. In the process of deepening the reform of small and medium-sized banks, a spokesperson for the China Banking and Insurance Regulatory Commission (CIRC) said that the regulatory authorities mainly play a professional guidance role in the following aspects: < / P > < p > the first is to cooperate with the local government to formulate implementation plans for deepening reform, replenishing capital and resolving risks of small and medium-sized banks. According to the requirements, all localities should closely combine the leadership responsibility of the local party, the management responsibility of state-owned financial capital and the responsibility of territorial risk disposal, and the financial management department should bear the responsibility of supervision. “< p > < p >” at present, our top priority is to work with the local government to find out the risk base, organize the assets and capital verification, and formulate the implementation plan based on the “one line, one policy.” A spokesman for the news said. The second is to support local governments to continue to introduce investment through a variety of market-oriented channels to enhance the capital strength of small and medium-sized banks. At the same time, through the issuance of local government special bonds, subscription of small and medium-sized banks convertible bonds and other qualified capital instruments, to help small and medium-sized banks supplement capital and consolidate the foundation for development. The third is to improve the corporate governance mechanism. We should integrate the party’s leadership into all aspects of corporate governance, strengthen equity management, and dismiss problem shareholders according to law, especially strengthen the qualification examination of new shareholders. We should strengthen the management of senior management qualification, promote the development of professional manager market, and strictly control the industry access. We will strictly prevent the manipulation of large shareholders and insider control. The fourth is to stick to the market positioning. We should supervise small and medium-sized banks to return to their original sources, focus on their main business, and resolutely reverse the blind pursuit of speed and scale. It is necessary to guide the local government to deeply cultivate the local economy, to provide services in a down-to-earth manner, not to cross regional boundaries, and to strictly restrict the outward expansion of loans, investment, interbank and non-standard businesses. At the same time, we should pay attention to maintaining the integrity of the local financial organization system, especially to maintain the overall stability of the county legal person status of rural financial institutions < / P > < p > fifth, we should establish the concept of prudent and stable operation, enhance the awareness of risk compliance, increase the financial anti-corruption efforts, firmly hold the bottom line of risk, open an account every minute, and seize the opportunity of bull market callback!