Core Insights - The China Banking and Insurance Regulatory Commission (CBIRC) emphasized the importance of stabilizing growth and enhancing financial services to the real economy in the first half of the year [1] - Key financial indicators for the banking and insurance sectors remain within reasonable ranges, with total assets for banking institutions reaching 360.4 trillion yuan, a year-on-year increase of 9.6% [1] - The insurance sector also showed growth, with total assets of 26.6 trillion yuan, up 11.1% year-on-year [1] Banking Sector Performance - As of June, the non-performing loan balance in the banking sector was 3.8 trillion yuan, with a non-performing loan ratio of 1.77%, down 0.05 percentage points from the beginning of the year [1] - New RMB loans increased by 13.7 trillion yuan in the first half of the year, a year-on-year increase of 9.192 trillion yuan, with a growth rate of 11.2% [2] - Loans to small and micro enterprises reached 55.8 trillion yuan, with a year-on-year growth rate of 22.6% for inclusive small and micro enterprise loans [2][3] Insurance Sector Performance - From January to June, the insurance industry reported original premium income of 2.8 trillion yuan, reflecting a year-on-year growth of 5.1% [1] - Claims and benefits paid by insurance companies totaled 776.8 billion yuan, an increase of 3.1% year-on-year [1] Financial Support for Small and Micro Enterprises - The CBIRC has implemented targeted measures to enhance financial support for small and micro enterprises, helping them cope with the impacts of the pandemic [2][3] - As of mid-June, financial institutions had provided loan deferments totaling 2.78 trillion yuan to 1.23 million small and micro enterprises and individual businesses [3] - The average interest rate for newly issued inclusive small and micro enterprise loans was 5.35%, down 0.35 percentage points from the previous year [3]