China Banking Regulatory Commission will strictly control the platform loan balance to ensure that this year, "only drop no rise"

CPPCC National Committee Chairman and Assistant Chairman of the China Banking Regulatory Commission, Qing Qingmin, accepted an exclusive interview with reporters yesterday (4th). Regarding the banking industry's new regulatory standards that are of concern to the industry, Zhao Qingmin said that the relevant programs have been submitted to the State Council and may be implemented during the year. He also said that 75% of the loan-to-deposit ratio assessment indicators will not be diluted. In addition, he also answered questions from reporters on topics such as government financing platform loans, deposit and loan ratio assessment indicators, bank refinancing pressure, and asset securitization.

Strictly control the platform loan balance

Reporter: What measures will China Banking Regulatory Commission take this year to deal with platform loans?

Qing Qingmin: In 2012, the treatment of government financing platform loans mainly includes four aspects:

One must strictly monitor the immediate risks. Banks should make monthly statistics on the platform loans due this year, implement the repayment plan, and submit the loan due status and repayment plan to the CBRC.

The second is the strict disposal of stock risk. According to the principles of “classification management, differential treatment, and gradual solution,” they should be dealt with separately according to specific circumstances.

For the self-cash flow covering all loan principal and interest, if the project has been completed and reached production, and the operating cash flow has been formed, a balanced installment loan repayment plan shall be established on the basis of the cash flow source, and the cash flow income shall be closed to ensure promptness. The amount of loan principal and interest received during the period of receipt. If the project has been completed but has not yet reached production and forms an operating cash flow, the refinancing can be carried out within the original loan line under the premise that the borrower's mortgage guarantees, repayment methods, etc. are rectified and qualified, supporting the project as early as production and early revenue generation. , increase the source of repayment funds as soon as possible. If the loan has expired and the project has not yet been completed, under the premise of the borrower's mortgage guarantee, repayment method, etc., the loan period can be reasonably determined according to the actual cycle of the project construction, and the loan contract can be revised once, so that the loan term can be completed in accordance with the project. Claim.

If the company’s own cash flow does not cover the principal and interest of the loan, if the project can attract social capital investment, the banks should actively assist the relevant local government departments and borrowers to formulate asset reorganization, merger and transfer under the premise that the current loan balance does not increase. Or introduce market-oriented disposal plans such as new investors, increase the cash flow coverage, and timely close the loan principal and interest after the completion of the project. If the project is not suitable to attract social capital investment, banks must actively communicate with local governments without increasing new loans, and quantify the amount of repayments according to the original commitments, incorporate them into the budget, and collect loans in installments.

Third, we must strictly control the new risks. The total amount of control over the platform loans will be used to ensure that the balance of loans will not drop. The Bank will focus on the monitoring of new loans on the “regulatory” platform, and follow-up on the monitoring of changes in the “monitoring” platform loans. At the same time, in accordance with the basic requirements of “guarantee on construction, pressure reconstruction, and new construction”, strict investment and new conditions for platform loans.

Fourth, we must strictly manage the list. Banks are required to classify all platform customers according to their development strategies, credit policies, and risk preferences on the basis of their existing “four coverage” risk classifications in terms of “support, maintenance, and compression” as credit management. List, and the basis for granting credit support.

Multiple measures to ease refinancing pressure

Reporter: Will the proportion of bank dividends fall again?

Qing Qingmin: This depends on CIC and Huijin. CIC and Huijin each have a stable dividend every year. They should leave a little to the organization and expand the owners' equity. This is fundamental. If pressure is placed on the capital market, the development of the market is not very good.

Reporter: Do you think this year's bank refinancing pressure is not big, especially in the capital market?

Qingqing Qing: We advocate that banks supplement their capital through channels other than the capital market, such as reducing the proportion of dividends and increasing retained profits to supplement capital. If the bank's board of directors and shareholders are liberal and coupled with the supervision and promotion of our regulatory authorities, bank refinancing The pressure on the capital market will not be that great.

At present, the capital structure of China's banking industry is mainly ordinary shares. It lacks preferred stocks and other qualified debt-like capital instruments. The cost of financing is high. Commercial banks lack the tools to adjust their assets flexibly. The size of assets can only be enlarged and it is difficult to reduce. In the long run, we should actively develop capital instruments that meet the new regulatory standards, further expand the channels for capital replenishment, steadily advance financial innovations including capital securitization, and strengthen the ability of the banking industry to scientifically adjust the scale of assets.

Asset securitization is actively researching

Reporter: Due to the foreign financial crisis in previous years, the bank asset securitization pilot program has stagnated. Are there any specific plans for promotion?

Zhao Qingmin: Previously, we had conducted research on asset securitization and later stopped due to the foreign financial crisis. Because we do not have this level of supervision, and the Western regulatory agencies are also telling us to do this asset securitization to have a certain infrastructure, that is your system, as well as the radius of accounting, statistics, supervision, supervision coverage, And related legal constraints must first be available. If you do not have these basic conditions, you may not be able to control it.

Reporter: Is there a specific timetable for promoting asset securitization?

Zhao Qingmin: There is still no, because the pilots of financial institutions have stopped before, and if they do, they must report to the State Council again. At present, we are actively researching and we must report to the State Council after we have matured our research. According to our opinion, we should still focus on trials, and then push it again, just as before. We used to try before.

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