稳健筑基 活力跃动：数览大国金融“十四五”答卷

Core Insights - The Chinese financial industry has demonstrated significant growth and resilience during the "14th Five-Year Plan" period, with total banking assets reaching nearly 470 trillion yuan, making it the largest in the world [1][2] - The financial sector has seen a comprehensive deepening of reforms and modernization of governance capabilities, enhancing service efficiency and risk management [1][3] Group 1: Financial Sector Growth - As of mid-2023, the total assets of the banking and insurance sectors exceeded 500 trillion yuan, with an average annual growth rate of 9% over the past five years [2][3] - The number of financial institutions has increased, with over 4,000 banks and more than 230 insurance companies, showcasing a mature and diversified institutional framework [3][4] Group 2: Internationalization and Attractiveness - The "14th Five-Year Plan" has seen an increase in foreign financial institutions entering the Chinese market, with 13 new foreign-controlled securities and fund institutions approved to operate [4] - By July 2023, the number of foreign institutions in the interbank bond market grew from around 200 in early 2016 to 1,171, reflecting an annual growth rate of approximately 6.5% [4] Group 3: Support for the Real Economy - The banking and insurance sectors provided an additional 170 trillion yuan in funding to the real economy over the past five years, with infrastructure loans increasing by 62% [6][7] - The capital market has become a crucial funding source for enterprises, with total financing through stock and bond markets reaching 57.5 trillion yuan [6] Group 4: Risk Management and Stability - The establishment of the National Financial Supervision Administration marks a significant step in enhancing financial regulation and risk management [9][10] - The financial system has effectively mitigated risks, with a notable reduction in high-risk small institutions and a significant decrease in local government financing platform risks [11][12] Group 5: Technological Innovation Support - The banking sector's loans for scientific research and technology have grown at an average annual rate of 27.2%, with high-tech enterprise loans reaching nearly 19 trillion yuan [8] - The capital market has increasingly supported technology-driven companies, with over 90% of new listings being tech-related [8]