1、 The total assets of the banking and insurance industries grew steadily

At the end of the third quarter of 2022, the total domestic and foreign currency assets of China's banking financial institutions were 373.9 trillion yuan, up 10.2% year on year. Among them, the total domestic and foreign currency assets of large commercial banks were 154.6 trillion yuan, accounting for 41.3%, up 12.7% year on year; The total domestic and foreign currency assets of joint-stock commercial banks were 65.2 trillion yuan, accounting for 17.4%, up 7.2% year on year.

At the end of the third quarter of 2022, the total assets of insurance companies were 26.7 trillion yuan, an increase of 1.8 trillion yuan over the beginning of the year and 7.3% over the beginning of the year. Among them, the total assets of property insurance companies were 2.7 trillion yuan, up 9.9% over the beginning of the year; The total assets of life insurance companies were 22.9 trillion yuan, an increase of 7.1% over the beginning of the year; The total assets of reinsurance companies were 672.6 billion yuan, an increase of 11.0% over the beginning of the year; The total assets of insurance asset management companies were 102.4 billion yuan, down 0.6% from the beginning of the year.

2、 Banking and insurance industries continue to strengthen financial services

At the end of the third quarter of 2022, the loan balance of banking financial institutions for small and micro enterprises (including loans for small and micro enterprises, loans for individual businesses and loans for small and micro entrepreneurs) was 58 trillion yuan, of which the loan balance of inclusive small and micro enterprises with a total credit amount of 10 million yuan and less was 22.9 trillion yuan, a year-on-year growth of 24.1%. The balance of loans for affordable housing projects was 6.3 trillion yuan.

At the end of the third quarter of 2022, the original insurance premium income of insurance companies was 3.8 trillion yuan, with a year-on-year growth of 5.0%. Compensation and payment expenditure was 1.1 trillion yuan, down 0.97% year on year. The number of new insurance policies in the first three quarters of 2022 was 38.6 billion, up 11.8% year on year.

3、 The quality of credit assets of commercial banks is generally stable

At the end of the third quarter of 2022, the balance of non-performing loans of commercial banks 1 (legal person caliber, the same below) 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 points from the end of last quarter.

At the end of the third quarter of 2022, the balance of normal loans of commercial banks was 177.5 trillion yuan, including 173.5 trillion yuan of normal loans and 4 trillion yuan of special interest loans.

4、 The profit of commercial banks keeps growing, and the ability to offset risks is enhanced

In the first three quarters of 2022, commercial banks achieved a cumulative net profit of 1.7 trillion yuan, up 1.2% year on year. The average return on capital was 9.32%, down 0.78 percentage points from the end of last quarter. The average asset profit margin was 0.75%, down 0.06 percentage points from the end of last quarter.

By the end of the third quarter of 2022, the balance of loan loss reserves 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 rate was 205.54%, 1.75 percentage points higher than that at the end of last quarter; The loan provision ratio was 3.41%, up 0.01 percentage points from the end of last quarter.

At the end of the third quarter of 2022, the capital adequacy ratio of commercial banks (excluding foreign bank branches) was 15.09%, up 0.21 percentage points from the end of the previous quarter. Tier 1 capital adequacy ratio was 12.21%, up 0.13 percentage points from the end of last quarter. The core tier one capital adequacy ratio was 10.64%, up 0.12 percentage points from the end of last quarter.

5、 The liquidity level of commercial banks remains stable

At the end of the third quarter of 2022, the liquidity coverage rate of commercial banks 3 was 142.68%, 3.62 percentage points lower than that at the end of the previous quarter; The liquidity ratio was 61.66%, down 0.61 percentage points from the end of last quarter; The excess reserve ratio of RMB was 1.56%, down 0.11 percentage points from the end of last quarter; The deposit and loan ratio (domestic standard of RMB) was 78.65%, up 0.21 percentage points from the end of last quarter.

6、 Solvency of the insurance industry

At the end of the second quarter of 2022, the average comprehensive solvency adequacy ratio of 181 insurance companies reviewed by the Solvency Supervision Committee was 220.8%, and the average core solvency adequacy ratio was 148.1%; 42 insurance companies were rated as Class A, 115 as Class B, 15 as Class C and 9 as Class D.

1. Since 2019, postal savings banks have been included in the "commercial banks" summary criteria

2. According to the regulatory provisions, commercial banks should divide loans into five categories according to the degree of risk: normal, concerned, secondary, suspicious and loss. The first two categories are normal loans, and the last three categories are collectively called non-performing loans. In normal loans, special interest loans refer to loans that the borrower is currently able to repay the principal and interest of the loan, but there are some factors that may adversely affect the repayment.

3. The liquidity coverage rate is the summary data of commercial banks with assets of more than 200 billion yuan.