According to the main regulatory indicator data of the banking and insurance industry in the third quarter of 2022 released by the Banking and Insurance Regulatory Commission on the 15th, as of the end of the third quarter, the balance of loans for small and micro enterprises (including loans for small and micro enterprises, individual industrial and commercial loans and loans for small and micro business owners) of banking financial institutions was 58 trillion yuan, and the original insurance premium income of insurance companies was 3.8 trillion yuan, an increase of 5% year-on-year. In the first three quarters, commercial banks achieved a cumulative net profit of 1.7 trillion yuan, an increase of 1.2 percent year-on-year.

Data show that in the first three quarters, the total assets of the banking and insurance industries grew steadily. As of the end of the third quarter, the total domestic and foreign currency assets of China's banking financial institutions were 373.9 trillion yuan, an increase of 10.2%. The total assets of insurance companies were 26.7 trillion yuan, an increase of 7.3% over the beginning of the year.

The banking and insurance industries continued to strengthen financial services. By the end of the third quarter, the balance of loans to small and micro enterprises by banking financial institutions was 58 trillion yuan, of which the balance of loans to inclusive small and micro enterprises with a total credit of 10 million yuan or less for a single household was 22.9 trillion yuan, an increase of 24.1% year on year; The original insurance premium income of insurance companies was 3.8 trillion yuan, up by 5.0% year-on-year. In the first three quarters, 38.6 billion new policies were issued, up 11.8 percent year on year.

The credit asset quality of commercial banks remained generally stable. As of the end of the third quarter, the balance of non-performing loans of commercial banks was 3 trillion yuan, an increase of 37.3 billion yuan over the end of the previous quarter. The non-performing loan ratio of commercial banks was 1.66%, down 0.01 percentage point from the end of the previous quarter.

As of the end of the third quarter, the loan loss reserve balance of commercial banks was 6.1 trillion yuan, an increase of 128.5 billion yuan over the end of the previous quarter. The provision coverage ratio was 205.54%, up 1.75 percentage points from the end of the previous quarter; The capital adequacy ratio, Tier 1 capital adequacy ratio and core Tier 1 capital adequacy ratio of commercial banks (excluding foreign bank branches) all increased from the end of the previous quarter.

The liquidity level of commercial banks remained stable. At the end of the third quarter, the liquidity coverage ratio of commercial banks was 142.68%, down 3.62 percentage points from the end of the previous quarter. The liquidity ratio was 61.66%, down 0.61 percentage points from the end of the previous quarter; The excess reserve ratio of RMB was 1.56%, down 0.11 percentage points from the end of the previous quarter; The ratio of deposits and loans (RMB domestic caliber) was 78.65%, up 0.21 percentage points from the end of the previous quarter.

In terms of the solvency of the insurance industry, as of the end of the second quarter, the average comprehensive solvency adequacy ratio of 181 insurance companies included in the solvency supervision committee was 220.8%, and the average core solvency adequacy ratio was 148.1%. The comprehensive risk rating of 42 insurance companies was rated as Class A, 115 insurance companies were rated as Class B, 15 insurance companies were rated as class C, and 9 insurance companies were rated as class D.

Source: People.com.cn