The follow-up measures and trends of supervision also triggered market speculation: Is the real estate financial policy relaxed? Does the increase of bad tolerance mean the loosening of regulatory policies? Has the focus of pre-regulation such as P2P shifted?
Xiao, the chief risk officer, chief office director and spokesperson of the CBRC, said at the briefing of the CBRC on February 25 that the current real estate financial policy has not been adjusted or changed! The regulatory standards have not been relaxed!
Li Junfeng, director of the inclusive finance Department of the China Banking Regulatory Commission, said that the direction, rhythm and attitude of P2P special rectification remain unchanged, with withdrawal as the main factor and not affected by the epidemic. At present, only due to the epidemic situation, the working methods have been appropriately changed, but the measures and policies have not changed.
According to Ji Yuhua, deputy director of the Policy Research Bureau of the China Banking Regulatory Commission, up to now, banking financial institutions have provided more than 790 billion yuan in credit support for fighting the epidemic. Insurance financial institutions donated insurance protection 1 1.58 trillion yuan to front-line workers fighting the epidemic, and it is estimated that the premium for difficult areas and enterprises will be reduced by more than 2.5 billion yuan.
There is no uniform regulatory rule for personal credit granting.
The Notice on Further Strengthening Financial Support to Prevent and Control the novel coronavirus Epidemic issued by the People's Bank of China, the Ministry of Finance, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the Foreign Exchange Bureau proposes that financial institutions should appropriately tilt their credit policies, flexibly adjust personal credit repayment arrangements such as housing mortgages and credit cards, and reasonably postpone the repayment period for those who are hospitalized or isolated due to new pneumonia, those who need to be isolated for observation due to epidemic prevention and control, and those who temporarily lose their income due to the epidemic.
The market is concerned about whether the CBRC will have a unified policy arrangement for the extension of personal loans.
In this regard, Xiao said that the specific arrangements should be judged by the bank according to the customer's situation. Because every customer is different, with different demands, affected degree, credit record and repayment ability, it is impossible for CBRC to issue a unified approach, but banks will make independent analysis, judgment and decision according to customer groups.
The real estate financial policy has not been adjusted or changed at present.
Regarding the real estate financial policy, Xiao made it clear that the current real estate financial policy has not been adjusted or changed, and the CBRC will monitor the real estate situation, including monitoring and dynamically grasping the real estate financing, but the overall policy has not changed. In the past, it was "one city, one policy", and all localities made arrangements according to their own conditions, as long as they did not violate real estate policies, including real estate financing policies.
Bad tolerance has been upgraded to phased policy measures, and the regulatory standards have not been relaxed.
China Banking Regulatory Commission made it clear that the repayment within a certain delay period in loans overdue due to the epidemic will not be included in the non-performing loans, and will not affect the credit records of small and micro enterprises. Allow banks to further improve the tolerance of non-performing loans.
This policy has also aroused concern: will increasing tolerance for bad things lead to pressure on the quality of bank assets?
Xiao said that the CBRC did adopt phased policy measures, such as encouraging banks to postpone the repayment of principal and interest to enterprises in stages. But this policy has conditions:
First, enterprises are really affected by the epidemic and encounter special difficulties;
Second, enterprises apply, and banks and enterprises negotiate to determine;
Third, there are deadlines and conditions.
He said that when the epidemic has passed and normal production and business activities are resumed, if the enterprise cannot repay the principal and interest, it will be counted as bad. The CBRC did not relax the regulatory standards, but only adopted phased policy measures to help enterprises in trouble get out of trouble.
In this process, banks should distinguish whether enterprises can't repay the principal and interest temporarily because of business failure or business difficulties. If it is indeed a business failure, then it must be counted as bad in strict accordance with the classification method.
Xiao believes that non-performing loans may increase slightly in the short term, but the increase will not be too large. Enterprises that can't repay temporarily are mostly influenced by external factors, which disrupt the original production arrangements and lead to temporary operational difficulties. On the other hand, even if non-performing loans have increased, banks have sufficient anti-risk ability. According to the novel, the provision of the banking system is nearly 6 trillion, which is twice the current balance of 3 trillion non-performing loans. The annual profit generated by banks exceeds 2 trillion, and the bank's capital adequacy ratio is 14.64%. The CBRC expects that the adverse impact is limited and the regulatory standards have not been relaxed.
It is expected that the capital demand of small and micro enterprises and individual industrial and commercial households will enter a prosperous period in March and April.
Li Junfeng said that this epidemic has affected all kinds of enterprises, especially small and micro enterprises and individual industrial and commercial households, because they have weak ability to resist risks. Li Junfeng predicted that in March and April, small and micro enterprises and individual industrial and commercial households will enter a period of strong capital demand, and there will be compensatory demand.
According to his analysis, the current financing needs of small and micro enterprises have changed in three aspects:
First, the demand for emergency rescue has increased. As long as enterprises operate normally before the outbreak, banks can increase some emergency loans.
Second, many small and micro enterprises have resumed work, and the demand for funds is strong, which will make up for the demand in the past month. It is expected that the demand of small and micro enterprises and individual industrial and commercial households will enter a strong period in March and April, and there will be a demand for compensatory funds.
Third, loans from small and micro enterprises, individual industrial and commercial households and farmers may generate new bad risks, and loans due need to be extended.
The direction, rhythm and attitude of P2P special rectification remain unchanged.
The market is concerned, will the P2P special rectification measures previously supervised be affected by the epidemic?
In this regard, Li Junfeng said that the direction, rhythm and attitude of P2P special rectification will remain unchanged, with withdrawal as the main factor and not affected by the epidemic. At present, only due to the epidemic situation, the working methods have been appropriately changed, but the measures and policies have not changed.