1月14日早间英文播报 | Regulators aim to reduce financial risks

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Commission to make rules governing asset quality in 'closing year of battle'

Regulators are determined to deal with high-risk financial institutions and continue to dismantle shadow banking, the China Banking and Insurance Regulatory Commission said on Saturday.

At its recent annual work conference, the commission highlighted the importance of comprehensively strengthening the regulation of asset quality and the liabilities of financial institutions in the banking and insurance sectors.

The commission, China's top banking and insurance regulator, said it will formulate detailed rules to improve the accuracy of asset classification based on the current five-category system that organizes bank loans according to their inherent risks. The categories are pass, special-mention, substandard, doubtful and loss.

It will also comprehensively strengthen regulation of assets and liabilities' quality to improve the liability status of banks and insurers, especially small and medium-sized financial institutions.

"The year 2020 is the closing year of a tough battle against financial risks," said Zeng Gang, deputy director-general of the National Institution for Finance and Development. "Preventing and resolving financial risks remains the primary task of the regulator."

As banking business innovations continue to increase, non-credit obligation assets now account for a fairly large proportion of banks' total assets. As a result, the previous methods of asset quality classification, which mainly aim to disclose nonperforming loans, no longer describe the current features of bank assets.

"To obtain a true risk profile in the banking sector, the regulator decided to expand the scope of bank assets covered by the asset quality classification system, from loans to total financial assets," Zeng said.

"China must also adjust the previous five-category system to adapt to changes in international financial regulations and accounting standards, as well as to enhance the accuracy of asset quality classification."

The regulator said it will guide financial institutions to allocate more funds to key areas and weak links in the Chinese economy and to enhance the quality and effect of finance in serving the real economy, the portion that produces goods and services.

It urged commercial banks to further cut financing costs for small businesses — to which banks grant a total credit line of up to 10 million yuan ($1.45 million) for each borrower — by 0.5 percentage points, in addition to asking China's five largest commercial banks to increase their offerings of these types of loans by more than 20 percent this year over 2019.

Lian Ping, president of the China Chief Economist Forum, said that compared with large State-owned companies, small private businesses are under greater economic pressure, so lowering financing costs for small businesses is an important measure to improve their financial condition.

It is necessary for the regulator to mobilize financial institutions to play a larger part in this respect, he said, adding that the five largest commercial banks should play a core role.

But Lian said that to achieve the goal of reducing financing costs of small businesses, simply relying on the five largest commercial banks is not enough.

"China should launch a series of targeted policies to encourage small and medium-sized banks, credit unions and emerging financial institutions such as village banks to play a greater role in serving small businesses. It's the main duty of these types of financial institutions to serve small businesses and private companies. The regulator should also allow more small and medium-sized financial institutions that meet compliance requirements to grow," Lian said.

He asked the regulator to notice that small and medium-sized banks may lose high-quality small, private corporate clients to large banks, as the latter are urged to increase small business lending. This change in market structure must be handled well, he said.

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记者：江雪晴 

播报：Owen Fishwick

原文链接：

https://www.chinadaily.com.cn/a/202001/13/WS5e1b5f69a310cf3e35583ffa.html

【阅读背景】

银保监会开列2020年重点任务清单

贷款五级分类细化、负债质量监管等多项政策有望出台

　　银保监会开列2020年重点任务清单

　　记者11日从银保监会官网获悉，近日召开的2020年全国银行业保险业监督管理工作会议对今年重点工作进行了部署，其中涉及“坚决打赢防范化解金融风险攻坚战”“大力做好‘六稳’相关工作，推动提升金融服务实体经济质效，引导资金更多投向重点领域和薄弱环节”“全面深化金融供给侧结构性改革，提升对外开放水平”三大重点领域以及23项具体目标。

　　2020年银保监会工作任务重点，将在2019年防范化解金融风险取得关键进展、金融机构服务实体经济质效不断提升、重点机构重点领域改革不断深化的基础上进一步推进。此次会议透露，2020年仍有诸多重磅政策文件有望出台，如商业银行小微企业金融服务监管评价办法、贷款五级分类细化规则、银行保险机构负债质量监管办法等。

　　在防风险领域，会议强调，要坚决打赢防范化解金融风险攻坚战。稳妥处置高风险机构，压实各方责任，全力做好协调、配合和政策指导。继续拆解影子银行，特别要大力压降高风险影子银行业务，防止死灰复燃。坚决落实“房住不炒”要求，严格执行授信集中度等监管规则，严防信贷资金违规流入房地产领域。深入推进网络借贷专项整治，加大互联网保险规范力度。

　　稳增长方面，会议指出，要大力做好“六稳”相关工作，推动提升金融服务实体经济质效，引导资金更多投向重点领域和薄弱环节。抓紧出台商业银行小微企业金融服务监管评价办法，普惠型小微企业贷款综合融资成本要再降0.5个百分点，贷款增速要高于各项贷款平均增速，五家大型银行普惠型小微企业贷款增速高于20%。同时，强化对民营企业特别是民营制造业企业金融服务，突出支持先进制造业和产业集群，重点纾解有市场前景企业的流动性困难。

　　促改革领域，会议要求，必须全面深化金融供给侧结构性改革，提升对外开放水平。引导银行理财和信托业稳妥转型，建立完善养老保障第三支柱，在优化金融产品结构和机构体系的同时，为资本市场长期持续健康发展打牢基础。同时，会议提出，要全面加强资产和负债质量监管，在现有五级分类基础上，细化分类规则，提高资产分类准确性。尽快制定负债质量监管办法，提高银行保险机构，特别是中小机构负债的稳定性和匹配性。探索完善银行保险机构恢复与处置机制，会同相关部门抓紧研究确定国内系统重要性金融机构名单。区分系统重要性与非系统重要性机构，实施差异化监管。完善处置程序，压实处置责任，健全损失分担机制，形成健康有序的金融治理体系。

中文来源：中国经济网

中文链接：

http://www.ce.cn/xwzx/gnsz/gdxw/202001/13/t20200113_34104528.shtml