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金融监管巨头齐聚!“十四五”答卷亮眼:170万亿输血实体、3.4万亿外资持仓
Di Yi Cai Jing· 2025-09-22 12:15
五年来,银行业保险业通过信贷、债券、股权等多元方式,为实体经济注入新增资金达170万亿元。 金融圈的目光再次聚焦! 9月22日,中国人民银行行长潘功胜、金融监管总局局长李云泽、中国证监会主席吴清将齐聚"高质量完 成'十四五'规划"系列主题新闻发布会,介绍过去5年金融业的发展成就。 尽管这是一场关于"十四五"规划完成情况的发布会,但市场的期待值已被拉满。从时间线来看,距离去 年9月24日的重磅新政即将满一周年,市场热切期盼着是否还会有利好政策出台。回顾去年,9月17日美 联储宣布降息后,9月24日的发布会便推出一系列利好。今年9月18日,美联储刚宣布降息25bps,这无 疑让大家对此次发布会充满遐想。 虽然投资者们期待着能有短期刺激政策出台,助力市场再掀波澜。但发布会刚刚开始,央行行长潘功胜 就明确表示,"今天新闻发布会的主题是介绍'十四五'时期金融业发展成就,主要是从中长期视角回顾 和总结,不涉及短期政策的调整。关于'十五五'及下一步金融改革内容,将在中央统一部署后与大家进 一步沟通。" 梳理整场发布会内容来看,四大金融主管部门谈到了金融体制改革、金融服务实体经济质效、金融业对 外开放、防范化解金融风险等几个 ...
高质量完成“十四五”规划|“十四五”以来我国外汇储备始终稳定在3万亿美元以上
Sou Hu Cai Jing· 2025-09-22 10:20
Group 1 - The core viewpoint is that China's foreign exchange reserves have remained stable above $3 trillion since the 14th Five-Year Plan, with a current level exceeding $3.2 trillion, serving as a crucial stabilizer for the economy and finance [1] - The cross-border receipts and payments reflect the vibrancy of China's foreign economic activities, with a projected scale of $14 trillion in 2024, representing a 64% increase from 2020, and an average annual growth rate 8 percentage points higher than during the 13th Five-Year Plan [1] - The foreign exchange market has expanded significantly, with a trading volume of $41 trillion expected in 2024, a 37% increase from 2020, and participation from 703 banks and 115 non-bank institutions as of June this year [1] Group 2 - The focus of China's foreign exchange work includes enhancing the efficiency of trade foreign exchange receipts and payments, facilitating cross-border investment and financing, and improving banks' foreign exchange service capabilities [2] - The next steps involve creating a market-oriented, legal, and international foreign exchange business environment while balancing financial openness and security to support the establishment of a higher-level open economic system [2]
“十四五”金融高质量发展成就喜人 “硬核”数据释放积极信号
Yang Shi Wang· 2025-09-22 10:11
Core Insights - The "14th Five-Year Plan" period has seen significant achievements in China's financial sector, with total banking assets reaching nearly 470 trillion yuan, ranking first in the world [1][3] - The scale of China's stock and bond markets ranks second globally, while foreign exchange reserves have maintained the top position for 20 consecutive years [3] - The growth rates for loans to technology SMEs, inclusive finance for small businesses, and green loans have averaged over 20% annually during this period [3] Group 1: Banking Sector Performance - As of mid-2023, total assets in the banking and insurance sectors have exceeded 500 trillion yuan, with an average annual growth rate of 9% over the past five years [4] - The number of Chinese banks in the global top 100 has reached 143, with six of the top ten banks being Chinese [4] - Key regulatory indicators such as non-performing loans, capital adequacy, and solvency are all within a "healthy range," with a 40% increase in the disposal of non-performing assets compared to the previous five-year period [4] Group 2: Financial Support for the Real Economy - The financial sector has provided an additional 170 trillion yuan in funding to the real economy over the past five years through various means including credit, bonds, and equity [5][6] - Specific loan categories such as scientific and technological loans, medium to long-term loans for manufacturing, and infrastructure loans have seen average annual growth rates of 27.2%, 21.7%, and 10.1% respectively [6] - The balance of loans for inclusive small and micro enterprises has reached 36 trillion yuan, which is 2.3 times that of the end of the previous five-year period, with interest rates decreasing by 2 percentage points [6] - The insurance sector has made cumulative payouts of 9 trillion yuan, reflecting a 61.7% increase compared to the previous five-year period [6]
“十四五”以来金融运行总体稳健 主要监管指标稳中向好
Nan Fang Du Shi Bao· 2025-09-22 09:51
Core Insights - The financial sector has shown overall stability during the "14th Five-Year Plan" period, with key regulatory indicators such as non-performing loans, capital adequacy, and solvency improving and remaining within healthy ranges [2] Financial Performance - The disposal of non-performing assets has increased by over 40% compared to the "13th Five-Year Plan" period [2] - The total scale of capital and provisions for risk resistance in the industry has exceeded 50 trillion yuan, indicating a stronger foundation and resilience to various challenges [2]
“十四五”保险业成绩单:赔付超9万亿元,权益投资增85%
Nan Fang Du Shi Bao· 2025-09-22 09:51
Core Insights - The total assets of China's banking and insurance sectors have exceeded 500 trillion yuan, with an average growth of nearly 9% over the past five years, solidifying its position as the world's largest credit market and the second-largest insurance market [2] - The insurance industry has played a significant role in stabilizing the economy, providing 17 trillion yuan in new funds to the real economy through various financial instruments [4] - Insurance companies' investment in advanced manufacturing, technological innovation, and green low-carbon sectors has increased, with total investment in stocks and equity funds exceeding 5.4 trillion yuan, marking an 85% increase from the end of the 13th Five-Year Plan [5] Banking and Insurance Sector Performance - The banking and insurance sectors have provided substantial funding to key areas, with annual growth rates of 27.2% for scientific and technological loans, 21.7% for medium- and long-term loans in manufacturing, and 10.1% for infrastructure loans [5] - The cumulative compensation from the insurance industry reached 9 trillion yuan over five years, a 61.7% increase compared to the previous five-year period [5] - The insurance sector's premium income has shown steady growth, with figures reaching 44.9 billion yuan in 2021 and projected to grow to 56.9 billion yuan in 2024, reflecting an increase in growth rate from 4.0% to 11.15% [6] Risk Management and International Participation - The industry has enhanced its risk management capabilities, with key regulatory indicators such as non-performing loans and capital adequacy remaining stable and within a "healthy range" [6] - The international presence in China's financial market has increased, with 43 of the world's top 50 banks and half of the largest 40 insurance companies establishing operations in China [6] - The introduction of catastrophe insurance has expanded coverage for common natural disasters, providing 22.36 trillion yuan in risk protection for 64.39 million households starting in 2024 [6]
“十四五”以来,我国外汇储备稳定在3万亿美元以上
Sou Hu Cai Jing· 2025-09-22 09:46
Core Insights - The press conference held by the State Council Information Office on September 22 focused on the achievements of the financial industry during the "14th Five-Year Plan" period [1] - The Director of the State Administration of Foreign Exchange, Zhu Hexin, reported that China's foreign exchange reserves have remained stable above $3 trillion, consistently exceeding $3.2 trillion over the past two years [3] Group 1 - The foreign exchange reserves serve as an important "stabilizer" and "ballast" for the national economy and finance [3] - The management of foreign exchange reserves has been focused on ensuring asset safety, liquidity, and value preservation and appreciation [3]
迈向中等发达国家:“十四五”经济回顾与“十五五”增长目标测算
Hua Xia Shi Bao· 2025-09-22 09:25
Group 1 - The "14th Five-Year Plan" period (2021-2025) has shown strong resilience in China's macroeconomic performance despite facing complex internal and external challenges, with nominal GDP expected to exceed 140 trillion yuan by the end of this period, an increase of over 35 trillion yuan compared to the end of the "13th Five-Year Plan" [3][4][5] - During the first four years of the "14th Five-Year Plan," China's GDP experienced an average annual real growth rate of 5.5% and a nominal growth rate of 6.9%, with the nominal GDP growth rate projected to be around 4.5% for the entire year of 2025 [3][5][6] - The economic growth achievements during the "14th Five-Year Plan" have laid a solid material foundation for modernizing the economy and have provided strong support for stabilizing employment and improving people's livelihoods [4][5] Group 2 - The "15th Five-Year Plan" period (2026-2030) is crucial for achieving the strategic vision of reaching a per capita GDP level of a moderately developed country by 2035, with a minimum nominal GDP average growth rate requirement of 5% [9][10][14] - The core guiding principle for economic growth in the "15th Five-Year Plan" is to achieve a per capita GDP of 27,000 USD by 2035, reflecting a shift from focusing on total GDP growth to per capita income improvement [10][12][14] - To meet the 2035 target, the nominal GDP growth rate during the "15th Five-Year Plan" should ideally be around 6%, with a minimum requirement of 5%, depending on factors such as actual GDP growth, price levels, and exchange rate fluctuations [14][16][18] Group 3 - The "15th Five-Year Plan" should consider setting clear economic growth targets to address demand insufficiency and promote supply-demand balance, which is essential for achieving full employment and improving living standards [19][20] - A comprehensive target system around nominal GDP growth should be established, including a core target of 5% nominal GDP growth and 4.8% real GDP growth, alongside specific goals for consumption and investment growth [21][22][23] - Policies should focus on expanding domestic demand, particularly through boosting consumption and stabilizing infrastructure investment, to ensure necessary growth rates are met [23][25][26]
“十四五”时期金融业发展成就—— 我国资本市场实现量的稳步增长和质的有效提升
Ren Min Wang· 2025-09-22 09:18
Core Viewpoint - During the "14th Five-Year Plan" period, China's capital market has achieved steady quantitative growth and effective qualitative improvement, laying a solid foundation for high-quality development in the "15th Five-Year Plan" period [1] Regulatory Framework - The regulatory framework has been significantly enhanced, with the implementation of the new Securities Law prompting a systematic overhaul of related regulations, including the introduction of the Futures and Derivatives Law and Private Fund Supervision Regulations [1] - Over 60 supporting rules have been issued following the State Council's opinions on strengthening regulation and preventing risks, fundamentally restructuring the basic system and regulatory logic of the capital market [1] Market Structure - The multi-layered and widely covered market system has been improved, with the successful establishment and high-quality development of the Beijing Stock Exchange and ongoing reforms in the Sci-Tech Innovation Board and Growth Enterprise Market [2] - As of August this year, the total market value of the A-share market has surpassed 100 trillion yuan, with a diverse range of bond market products and 157 futures and options varieties covering major sectors of the national economy [2] Investment and Financing Coordination - In the past five years, the total financing through the exchange market reached 57.5 trillion yuan, with the proportion of direct financing increasing to 31.6%, up by 2.8 percentage points from the end of the "13th Five-Year Plan" [3] - Over 90% of newly listed companies are technology-related, with the market capitalization of the technology sector now exceeding 25% of the total A-share market, significantly higher than the combined market capitalization of the banking, non-banking financial, and real estate sectors [3] Market Stability Mechanisms - A collaborative market stability mechanism has been gradually improved, with the China Securities Regulatory Commission (CSRC) working with various departments to strengthen policy, funding, and expectation hedging to effectively prevent significant market fluctuations and systemic risks [3] - The resilience and risk resistance of the A-share market have notably improved, with the annualized volatility of the Shanghai Composite Index at 15.9%, a decrease of 2.8 percentage points compared to the "13th Five-Year Plan" [3] Market Environment - A fair and just market environment has been further established, with the CSRC enhancing its regulatory framework and increasing penalties for financial fraud, market manipulation, and insider trading, resulting in 2,214 administrative penalties and 41.4 billion yuan in fines during the "14th Five-Year Plan" period [4] - The series of market stabilization policies have yielded positive results, with the A-share market demonstrating resilience against external shocks and maintaining stable performance of major stock indices [4]
刚刚!潘功胜、李云泽、吴清、朱鹤新重磅发声,信息量很大
天天基金网· 2025-09-22 09:06
牛市来了还没上车?上天天基金APP搜索777注册即可领500元券包,优选基金10元起投!限 量发放!先到先得! 国务院新闻办公室于2025年9月22日(星期一)下午3时举行"高质量完成'十四五'规划"系列 主题新闻发布会,请中国人民银行行长潘功胜,金融监管总局局长李云泽,中国证监会主席 吴清,中国人民银行副行长、国家外汇局局长朱鹤新介绍"十四五"时期金融业发展成就,并 答记者问。 潘功胜: 今日发布会主要介绍十四五时期金融业发展情况 不涉及短期政策调整 9月22日,在介绍"十四五"时期金融业发展成就时,中国人民银行行长潘功胜在国新办新闻发 布会上表示,今天的新闻发布会的主题是介绍十四五时期金融业的发展情况,主要是从中长 期的视角回顾和总结"十四五",不涉及短期政策的调整,关于"十五五"以及下一步金融改革 的内容,将在中央统一部署后给做进一步沟通。 "十四五"期间我国金融事业取得新的重大成就 央行行长潘功胜9月22日在国新办举行的"高质量完成'十四五'规划"系列主题新闻发布会上介 绍,"十四五"期间,我国金融事业取得新的重大成就。截至今年6月末,我国银行业总资产近 470 万亿 元,位居世界第一;股票、债券市场 ...
潘功胜、李云泽、吴清、朱鹤新同日发声,信号巨大
21世纪经济报道· 2025-09-22 08:44
时隔近一年,金融管理部门"一把手"再次出席同场新闻发布会。 9月22日下午3时,国务院新闻办公室举行"高质量完成'十四五'规划"系列主题新闻发布会,中 国人民银行行长潘功胜,金融监管总局局长李云泽,中国证监会主席吴清,中国人民银行副行 长、国家外汇局局长朱鹤新介绍"十四五"时期金融业发展成就,并答记者问。 潘功胜回应美联储降息 潘功胜回应美联储降息时说, 中国货币政策坚持以为我主、兼顾内外平衡 ,往后看,我们将 根据宏观经济运行情况和形势变化,综合应用多种货币政策工具保证流动性充裕。 发布会上,金融管理部门"一把手"在答记者问中释放了不少重磅信息,发布会要点梳理如下。 央行行长潘功 胜: 今日发布会不涉及短期政策调整 我国银行业总资产位居世界第一 潘功胜介绍,"十四五"期间,我国金融事业取得新的重大成就。 截至今年6月末, 我国银行业总资产近470万亿元,位居世界第一 ;股票、债券市场规模位居 世界第二;外汇储备规模连续20年位居世界第一。同时,我国在绿色金融、普惠金融、数字金 融等方面走在世界前列,基本建成多渠道、广覆盖、安全高效的人民币跨境支付清算网络,移 动支付处于国际领先水平。 "十四五"期间科技型中 ...