Core Insights - The Chinese financial sector has shown significant growth and stability during the "14th Five-Year Plan" period, with total banking assets reaching nearly 470 trillion yuan, making it the largest in the world [1] - The A-share market's total market capitalization surpassed 100 trillion yuan for the first time in August, indicating enhanced resilience and risk management capabilities [1] - Financial risks are generally controllable, with a focus on addressing high-risk small financial institutions, real estate, and local government debt [3][4] Banking Sector - As of June 2023, China's banking sector total assets were nearly 470 trillion yuan, ranking first globally [1] - The number of high-risk small financial institutions has significantly decreased, with many provinces achieving "dynamic zero" for these institutions [3] Securities Market - The A-share market's total market capitalization exceeded 100 trillion yuan in August, reflecting improved market resilience [1] - The annualized volatility of the Shanghai Composite Index decreased by 2.8 percentage points compared to the "13th Five-Year Plan" period, now at 15.9% [1] Real Estate Sector - Financial support for housing projects exceeded 1.6 trillion yuan, aiding the construction and delivery of nearly 20 million housing units [4] - Adjustments in down payment ratios and mortgage rates are expected to save over 500 million households approximately 300 billion yuan in interest payments annually [4] Local Government Debt - The number of local financing platforms has decreased by over 60%, and the scale of financial debt has dropped by more than 50% compared to the beginning of 2023 [4] Foreign Exchange and Cross-Border Trade - China's cross-border payment scale reached 14 trillion yuan in 2024, a 64% increase from 2020, with an average annual growth rate 8 percentage points higher than the previous five-year period [6] - The trading volume in the foreign exchange market is projected to be 41 trillion yuan in 2024, a 37% increase from 2020 [6] Regulatory Environment - The China Securities Regulatory Commission has implemented strict measures to control risks, including significant penalties for financial misconduct, such as a record fine of 4.175 billion yuan against Evergrande and its auditing firm [7] - Approximately 7,000 zombie private equity firms have been cleared, and all problematic financial institutions have been addressed [7] Monetary Policy - The People's Bank of China emphasizes a supportive monetary policy stance, aiming to maintain liquidity and stabilize the financial market amid global economic fluctuations [8][9]

9月22日，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。以下为要点汇总： // 中国人民银行行长潘功胜 // ①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"十四 五"，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。 ②十四五"以来，金融运行总体稳健，不良贷款、资本充足、偿付能力等主要监管指标稳中向好，均处 于健康区间。五年来，处置不良资产较"十三五"时期增加超过40%，行业抵御风险的资本和拨备总规模 超过50万亿元，应对各类挑战的基础更牢、韧性更强、底气更足。 ③十四五"时期，我们始终把防范化解金融风险作为监管部门的首位主责，把稳妥处置中小金融机构风 险作为重中之重。稳妥处置高风险机构。当前，不论是高风险机构数量还是高风险资产规模，都较峰值 大幅压降，在金融体系中占比较小，风险完全可控，相当一部分省份已经实现高风险中小机构动态清 零。 ④十 ...