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New progress has been made in the reform and opening up of Tianjin’s financial industry and efforts have been made to attract foreign investment-Chinanews.com



Tianjin Banking and Insurance Regulatory Bureau held the 2023 work conference Photo courtesy of Tianjin Banking and Insurance Regulatory Bureau



China News Service, Tianjin, January 20 (Pang Yuwen) The reporter learned from the 2023 work conference held by the Tianjin Banking and Insurance Regulatory Bureau that new progress has been made in the reform and opening up of Tianjin’s financial industry. The three-year corporate governance campaign came to an end, and the insurance intermediary agency “cleaning up virtual and chaos” campaign was launched, and 32 professional intermediary agencies were eliminated. In the future, we will increase efforts to attract foreign capital, approve the capital increase of Aiheyi Property Insurance, and promote the establishment of Deutsche Bank’s back-office operation center in Tianjin.

The meeting pointed out that in 2022, the banking and insurance industries within the jurisdiction will maintain stable operation. By the end of 2022, the balance of various loans in the banking industry within the jurisdiction will reach 4.4 trillion yuan, a year-on-year increase of 3.2%. The compensation payment of the insurance industry was 21.3 billion yuan. Deferred repayment of principal and interest was 139 billion yuan, and fees and interest rates were reduced by 400 million yuan. The balance of medium and long-term loans to support the manufacturing industry increased by 25% from the beginning of the year. The balance of inclusive small and micro enterprises and agriculture-related loans increased by 28.5% and 19% respectively from the beginning of the year. The balance of loans supported by banking financial institutions within the jurisdiction to support the coordinated development of Beijing, Tianjin and Hebei increased by 20% from the beginning of the year. The loan balance of 12 key industrial chains increased by 40% compared with the beginning of the year. The balance of green credit increased by 14% compared with the beginning of the year. Banking and insurance institutions within the jurisdiction launched a total of 58 exclusive products and services for new citizens, issued personal loan balances of 114 billion yuan for new citizens, and provided insurance protection of 15.1 billion yuan. The “Tianjin Huimin Insurance” project was successfully launched, and the number of people insured exceeded 1.63 million. Strengthen the disposal of non-performing assets, urge the banking industry within the jurisdiction to dispose of 87.9 billion yuan of non-performing loans, and promote the “double reduction” of non-performing loans.

It is understood that the efficiency of supervision work in Tianjin has been improved. Tianjin strengthens on-site inspections, strengthens technological empowerment, and strengthens the application of intelligent inspection and analysis systems in the non-banking sector. Strictly punish according to the law. In the whole year, 61 institutions were punished, 108 responsible persons were punished, and the amount of fines and confiscations was 41.389 million yuan, which was the highest since the institutional reform.

The meeting emphasized that 2023 is the first year to fully implement the spirit of the 20th National Congress of the Communist Party of China, and it is of great significance to do a good job in banking and insurance supervision. The Tianjin Banking and Insurance Regulatory Bureau should accelerate the establishment of a new development pattern, continue to improve the quality and efficiency of financial services for the real economy, focus on stabilizing growth, employment, and prices, effectively prevent and resolve major economic and financial risks, and further promote the reform and opening up of the banking and insurance industries , actively integrate and serve the “Ten Actions” related to Tianjin’s long-term development, and help Tianjin build a socialist modern metropolis in an all-round way. (Finish)


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