Reporter Qiu Zhaoyan.
On February 21, the State Administration of Financial Supervision released the data on the main regulatory indicators of the banking and insurance industries in the fourth quarter of 2023. The data shows that at the end of the fourth quarter of 2023, the total assets of the banking and insurance industries grew steadily; The balance of non-performing loans of commercial banks was 32 trillion yuan, basically the same as at the end of the third quarter; The non-performing loan ratio of commercial banks is 159%, down 0. from the end of the previous quarter02 percentage points.
The total assets of the banking and insurance sectors grew steadily
At the end of the fourth quarter of 2023, the total domestic and foreign currency assets of China's banking financial institutions were 4173 trillion yuan, a year-on-year increase of 99%。Among them, the total domestic and foreign currency assets of large commercial banks were 1768 trillion yuan, a year-on-year increase of 131%, accounting for 424%；The total domestic and foreign currency assets of joint-stock commercial banks were 709 trillion yuan, a year-on-year increase of 67%, accounting for 17%.
At the end of the fourth quarter of 2023, the total assets of the insurance company were 2996 trillion yuan, an increase of 10 from the beginning of the year4%。Among them, the total assets of property insurance companies are 28 trillion yuan, an increase of 3 from the beginning of the year3%。The total assets of the life insurance company are 259 trillion yuan, an increase of 10 percent from the beginning of the year9%。The total assets of reinsurance companies were 747.1 billion yuan, an increase of 11 percent from the beginning of the year2%。The total assets of insurance asset management companies were 105.2 billion yuan, an increase of 1 from the beginning of the year6%。
Financial services in the banking and insurance sectors continued to strengthen. At the end of the fourth quarter of 2023, the balance of loans to small and micro enterprises (including loans to small and micro enterprises, loans to individual industrial and commercial households, and loans to small and micro business owners) of banking financial institutions was 709 trillion yuan, of which the balance of inclusive small and micro enterprise loans with a total credit line of 10 million yuan or less for a single household is 291 trillion yuan, a year-on-year increase of 233%。The balance of the loan for the affordable housing project is 63 trillion yuan.
In 2023, the insurance company's original insurance premium income will be 51 trillion yuan, a year-on-year increase of 91%。Indemnity and payment expenses19 trillion yuan, a year-on-year increase of 219%。The number of new policies was 75.4 billion, a year-on-year increase of 361%。
Credit asset quality remained stable
At the end of the fourth quarter of 2023, the balance of non-performing loans of commercial banks was 32 trillion yuan, basically unchanged from the end of the previous quarter; The non-performing loan ratio of commercial banks is 159%, down 0. from the end of the previous quarter02 percentage points.
At the end of the fourth quarter of 2023, the normal loan balance of commercial banks was 1993 trillion yuan, of which the balance of normal loans is 1948 trillion yuan, and the balance of concerned loans is 45 trillion yuan. The overall risk compensation capacity of commercial banks is sufficient. For the whole year of 2023, commercial banks will achieve a cumulative net profit of 24 trillion yuan, a year-on-year increase of 32%, an increase of 2 from the same period last year2 percentage points. The average return on capital is 893%, down 0. from the end of the previous quarter52 percentage points. The average return on assets is 07%, down 0. from the end of the previous quarter04 percentage points.
At the end of the fourth quarter of 2023, the balance of loan loss provisions for commercial banks was 66 trillion yuan, a decrease of 86.4 billion yuan from the end of the previous quarter; The provision coverage ratio was 20514%, down 274 percentage points; The loan provision ratio was 327%, down 0. from the end of the previous quarter08 percentage points.
At the end of the fourth quarter of 2023, the capital adequacy ratio of commercial banks (excluding branches of foreign banks) was 1506%, an increase of 029 percentage points. The Tier 1 capital adequacy ratio was 1212%, up 0. from the end of the previous quarter22 percentage points. The core Tier 1 capital adequacy ratio was 1054%, an increase of 018 percentage points.
The level of liquidity is reasonable and robust
At the end of the fourth quarter of 2023, the liquidity coverage ratio of commercial banks was 1516%, up 8. from the end of the previous quarter06 percentage points; The liquidity ratio is 6788%, up 2. from the end of the previous quarter73 percentage points; RMB excess reserve ratio 223%, up 0. from the end of the previous quarter75 percentage points; The ratio of deposits and loans (in RMB domestic caliber) is 7869%, an increase of 05 percentage points.
The solvency of the insurance industry is sufficient and stable. At the end of the fourth quarter of 2023, the comprehensive solvency adequacy ratio of the insurance industry was 1971% and the core solvency adequacy ratio was 1282%, both above the 100% and 50% compliance standards. Among them, the comprehensive solvency adequacy ratios of property insurance companies, life insurance companies and reinsurance companies are ., respectively3%；The core solvency adequacy ratios were6%。