金融监管总局：银行业保险业总资产超过500万亿元，5年来年均增长9%

Core Insights - The press conference highlighted the achievements of China's financial industry during the "14th Five-Year Plan" period, emphasizing the stability and growth of the banking and insurance sectors [1][3]. Financial Industry Overview - The total assets of the banking and insurance sectors in China have exceeded 500 trillion yuan, with an average annual growth of 9% over the past five years [3]. - China holds the position of the largest credit market and the second-largest insurance market globally, with 143 Chinese banks listed among the world's top 1,000 banks, including 6 in the top 10 [3]. - The financial system is described as generally stable, with key regulatory indicators such as non-performing loans, capital adequacy, and solvency remaining in a "healthy range" [3]. Funding and Support for the Real Economy - Over the past five years, the banking and insurance sectors have provided an additional 170 trillion yuan in funding to the real economy through various financial instruments [4]. - Specific areas of focus include a 27.2% annual growth in loans for scientific research, 21.7% for manufacturing, and 10.1% for infrastructure [4]. - The balance of inclusive loans for small and micro enterprises has reached 36 trillion yuan, which is 2.3 times that of the end of the "13th Five-Year Plan," with interest rates decreasing by 2 percentage points [4]. Insurance Sector Developments - The insurance industry has paid out a total of 9 trillion yuan in claims, representing a 61.7% increase compared to the "13th Five-Year Plan" period [4]. - Agricultural insurance has provided risk protection for 800 million farming households, while commercial pension and health insurance have accumulated reserves of 11 trillion yuan [4]. Regulatory Enhancements - The regulatory framework has been strengthened with the establishment of a comprehensive legal and regulatory system, enhancing digital and intelligent oversight [4]. - A total of 20,000 institutions and 36,000 individuals have been penalized, with fines totaling 21 billion yuan [4]. - Coordination between central and local authorities, as well as inter-departmental collaboration, has improved, fostering a cooperative environment for addressing financial challenges [4].