Ren Min Ri Bao·2025-09-22 21:04Core Insights - The Chinese banking industry has achieved significant growth, with total assets nearing 470 trillion yuan, ranking first globally, and the insurance market solidifying its position as the second largest [1][2] - The financial sector has effectively supported the real economy, with annual growth rates for loans to technology SMEs, inclusive small and micro enterprises, and green loans exceeding 20% [2][3] - The financial risk management capabilities have improved, with key regulatory indicators such as non-performing loans and capital adequacy remaining stable and within healthy ranges [3][4] Financial Development Achievements - Over the past five years, the banking and insurance sectors have provided an additional 170 trillion yuan in funding to the real economy, with insurance payouts reaching 9 trillion yuan, a 61.7% increase from the previous five-year period [2][3] - The A-share market has shown resilience, with the Shanghai Composite Index's annualized volatility decreasing by 2.8 percentage points compared to the previous five years [2][3] - The total assets of the banking and insurance sectors have surpassed 500 trillion yuan, reinforcing China's position as the largest credit market globally [2] Risk Management Enhancements - The disposal of non-performing assets has increased by over 40% compared to the previous five-year period, with total capital and provisions exceeding 50 trillion yuan [3] - Regulatory frameworks have been strengthened, with a focus on early identification and management of financial risks, leading to a reduction of financing platforms by over 60% and a decrease in financial debt by over 50% [3] - The China Securities Regulatory Commission has intensified efforts to combat financial fraud, establishing a comprehensive deterrent system against such activities [3] Support for High-Quality Economic Development - Financial support for infrastructure projects has been significant, with over 36 billion yuan provided for the Baotou to Huinong high-speed rail project, reducing travel time significantly [4] - The balance of infrastructure loans has grown by 62% compared to the end of the previous five-year period, reaching 54.5 trillion yuan [4] - Direct financing through stock and bond markets has totaled 57.5 trillion yuan, with the proportion of direct financing increasing by 2.8 percentage points to 31.6% [4] Foreign Exchange and Trade Facilitation - The State Administration of Foreign Exchange has enhanced the efficiency of foreign exchange services and facilitated cross-border investment, processing over 5.6 billion transactions since the beginning of the current five-year period [5] - The financial system has maintained overall stability, supporting high-quality economic development during the "14th Five-Year Plan" period [5]