Original title: At the end of 2020, the total assets of my country’s banking financial institutions were 319.7 trillion yuan, a year-on-year increase of 10.1% Source: CCTV.com
CCTV News: The State Council Information Office held a press conference yesterday (22nd) afternoon. The relevant person in charge of the my country Banking and Insurance Regulatory Commission stated that in 2020, China’s banking and insurance industry will steadily respond to various risk challenges, and its main operations and risk indicators will be within a reasonable range.
Statistics show that by the end of 2020, the total assets of my country’s banking financial institutions were 319.7 trillion yuan, a year-on-year increase of 10.1%. The total assets of insurance companies were 23.3 trillion yuan, a year-on-year increase of 13.3%. Preliminary statistics show that in 2020, commercial banks will achieve a net profit of 2 trillion yuan, a year-on-year decrease of 1.8%. Facing the impact of the new crown pneumonia epidemic, various bancassurance institutions have increased their services to the real economy while also enhancing risk resistance through multiple channels.
Although the non-performing loan ratio has fallen, the relevant person in charge of the China Banking and Insurance Regulatory Commission reminded that banks should closely guard against future increases in non-performing loans.
In 2020, my country will also steadily expand financial opening up. Promote the implementation of more opening-up measures and actively review applications for market access by foreign-funded institutions. Statistics show that since 2018, the China Banking and Insurance Regulatory Commission has approved foreign banks and insurance companies to establish nearly 100 various institutions in China.
[Edit: Su Yiyu]
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