CFIC Introduction
Original title: From the perspective of the capital flow of listed banks, the assets of listed banks account for about eighty percent of the total assets of mainland commercial banks, and they are the main force of the banking industry to support the real economy. The 2023 annual performance reports of listed banks have been released one after another, and the reporter has studied the annual reports and found that loans in the fields of scientific and technological innovation, advanced manufacturing, green development, and personal consumption have increased significantly. The increase in the total amount of credit and the optimization of the structure of listed banks are strongly supporting the high-quality development of the economy and society. Focusing on real enterprises, the domestic RMB loans of ICBC increased by 2.9 trillion yuan, an increase of 355.5 billion yuan year-on-year, the new loans of Agricultural Bank of China increased by 2.85 trillion yuan, the domestic RMB loans of Bank of China increased by 2.28 trillion yuan, and the new loans of China Construction Bank increased by 2.66 trillion yuan...... In 2023, a number of listed banks continued to increase their lending efforts. "Implementing the country's policy guidance, in response to the capital needs in the process of recovery and development of the real economy, we are moderately ahead, and we have made overall plans to grasp the intensity, rhythm and focus of investment and financing, so as to continuously improve the quality and efficiency of serving the real economy. Wang Jingwu, vice president of the Industrial and Commercial Bank of China, said. A study of the annual report shows that the listed banks have allocated financial resources to major strategies, key areas and weak links of economic and social development, and the supply of funds in the fields of scientific and technological innovation, advanced manufacturing, green development, and private small and micro enterprises has continued to increase. Manufacturing loans have become the focus of credit allocation by listed banks. As of the end of 2023, the balance of manufacturing loans of the Agricultural Bank of China was 2.95 trillion yuan, with a growth rate of 28%, and the balance of manufacturing loans of the Bank of China exceeded 2.5 trillion yuan, an increase of 28.05% from the end of the previous year. Technology-based companies are gaining more and more funding. As of the end of 2023, CCB's technology loans were RMB1.53 trillion, up 24.13% from the end of the previous year, while CEB's loans to technology-based enterprises increased by 50.6% from the end of the previous year. Increasing credit to private enterprises is also a major trend. As of the end of 2023, the balance of loans to private enterprises of CCB and ABC both exceeded 5 trillion yuan, and the balance of loans to private enterprises of Bank of China increased by more than 790 billion yuan from the end of the previous year. "In the first two months of this year, the bank's new loans to private enterprises increased by nearly 300 billion yuan, which was higher than the average level of loans across the bank. Gu Shu, chairman of the Agricultural Bank of China, said that the government work report proposed to increase the proportion of loans to private enterprises, and the Agricultural Bank of China will increase the allocation of resources, innovate product and service models, and ensure the steady growth of loans to private enterprises, and the proportion will continue to increase. Experts said that aiming at the direction of economic transformation and high-quality development, the flow of credit funds to key areas of the national economy has been accelerated, providing strong support for the economic recovery. Stimulating Consumption Potential Personal consumption loans have maintained rapid growth, and credit funds are not only the "blood" of enterprise production and operation, but also the driving force for unleashing the vitality of people's consumption. In the context of expanding domestic demand and boosting consumption, the banking industry has increased its investment in personal consumption loans, promoted the release of the potential of the consumer market, and injected impetus into the economic recovery. According to the annual report, as of the end of 2023, the balance of personal consumption loans of Agricultural Bank of China was 340.9 billion yuan, an increase of 147.1 billion yuan, a growth rate of 75.9%, and the balance of personal consumption loans of China Construction Bank was 421.623 billion yuan, an increase of 42.71% from the end of the previous year. Lin Li, Vice President of the Agricultural Bank of China, said that the Agricultural Bank of China will support and expand consumer financial services as the top priority, based on stabilizing and expanding traditional consumption, accurately docking the demand for new consumer finance, actively integrating into green consumption, health and elderly care, new energy vehicles, household appliances and other consumption scenarios, and continuously increasing the investment of personal consumption loans. In addition to the large state-owned banks, the personal consumption loans of joint-stock banks also maintained a relatively high growth rate. As of the end of 2023, the balance of consumer loans of China Merchants Bank was 301.538 billion yuan, an increase of 49.11% from the end of the previous year. Experts said that it is necessary to further give full play to the active role of finance in supporting consumption, promote consumer credit management models and product innovation, increase financial support for key areas of new consumption, meet the reasonable consumer credit needs of residents, and help the consumer market continue to recover. Credit demand rebounds, loan delivery will "stabilize quantity and improve quality", and 2024 is a key year to achieve the goals and tasks of the 14th Five-Year Plan. It is of great significance for finance to provide more precise and powerful support for economic development. Judging from the information released by the results conference of a number of banks, the banking industry will maintain a steady growth in loan delivery in 2024, continue to optimize the credit structure, and strive to achieve the same frequency resonance between financial supply and industrial transformation and upgrading. "This year, the economic operation will maintain a positive upward trend, and the demand for bank credit and reserves will be further strengthened. We will make overall efforts to balance aggregate and optimize the structure to improve the quality and efficiency of credit disbursement. Gu Shu said. Whether the demand for effective credit is sufficient is an important indicator to measure the recovery and development of the economy and the investment confidence of enterprises. "Driven by the country's policy of vigorously promoting the construction of a modern industrial system and accelerating the development of new quality productivity, the demand for loans in the fields of scientific and technological innovation, green transformation and development, and high-tech manufacturing is still relatively strong. Wang Bing, vice president of China Construction Bank, said that it is expected that corporate loans can achieve double-digit growth throughout the year. From the perspective of the areas that banks focus on, scientific and technological innovation, advanced manufacturing, private small and micro enterprises, green development and other fields will continue to be the focus of credit allocation. Some banks have set out separate credit growth plans for key businesses to ensure that resources are supported in a precise and strong manner. In 2024, ABC plans to increase county-level loans by more than 1.3 trillion yuan, strive to increase loans in the field of inclusive finance by 800 billion yuan by the People's Bank of China, and plan to increase the number of green credit by the People's Bank of China by 1 trillion yuan. Lin Jingzhen, Deputy Governor of Bank of China, said that he will focus on increasing the growth contribution of consumer loans, actively meet the demand for rigid and improved housing financing, help expand new consumption scenarios, and effectively support the promotion of consumption, stable investment and expansion of domestic demand. It is worth noting that many banks have put the service of new quality productivity in a more prominent position, and are actively making arrangements to accelerate the formation of a comprehensive service ecology for new quality productivity. "The next step will be to explore new models and new paths of financial services to help cultivate and grow new quality productivity. Wang Jingwu said.
Source of this article: Xinhua Finance
Authors: Li Yanxia, Wu Yu, Han Haopeng
WeChat editor: Wang Ziqing
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