The past ten years have been a decade of leapfrog development for Shenzhen’s banking and insurance industries. According to the Shenzhen Banking and Insurance Regulatory Bureau, in the past ten years, the Shenzhen Banking and Insurance Regulatory Bureau has adhered to the general tone of work of seeking progress while maintaining stability. The appearance of the banking and insurance industry has undergone tremendous changes. Products, services, and management levels have reached a new level. The main indicators of industry development rank among At the forefront of large and medium-sized cities across the country. The comprehensive strength of the industry ranks among the "top three"
In the past ten years, the number of banking and insurance legal person institutions and provincial branches in Shenzhen has increased from 38 and 133 to 67 and 157, ranking third among large and medium-sized cities in the country in terms of number of institutions. The total assets of the banking industry supervised by the Shenzhen Banking and Insurance Regulatory Bureau increased from 4.58 trillion yuan to 12.01 trillion yuan, and the scale of deposits and loans increased from 2.92 trillion yuan and 2.18 trillion yuan to 8.56 trillion yuan and 8.34 trillion yuan, respectively. Ranking third among large and medium-sized cities in the country, they were 2.62 times, 2.93 times and 3.83 times respectively at the end of 2012.
The total assets of insurance companies in Shenzhen increased from 1.58 trillion yuan to 6.33 trillion yuan, accounting for 23.78% of the total assets of insurance institutions nationwide, ranking second among large and medium-sized cities in the country. Insurance institutions supervised by the Shenzhen Banking and Insurance Regulatory Bureau will achieve original premium income of 142.651 billion yuan in 2021, with an average annual growth rate of 15.13% in ten years. The insurance penetration increased from 3.10% to 4.65%, and the insurance density increased from 3804 yuan/person to 8124 yuan/person. The insurance industry’s compensation expenditure was 46.605 billion yuan, with an average annual growth rate of 17.68%.
At the same time, Shenzhen's banking and insurance industry persisted in combating chaos, promoting compliance, and achieved important results in preventing and defusing financial risks. The non-performing loan ratio of Shenzhen banking financial institutions remains at a low level and continues to be better than the national level. The capital adequacy ratio of small and medium-sized legal person banks remains above 13%, and the provision coverage ratio is always higher than the regulatory requirement of 150%; the average comprehensive solvency adequacy ratio of insurance legal person institutions under local supervision is 237%, and the average core solvency adequacy ratio is 176%. Sufficient resilience and coping resources.
Introduce financial "living water" to water the real economy. The economy is the body and finance is the blood. Over the past ten years, the balance of Shenzhen's manufacturing loans has increased from 0.39 trillion yuan to 1.06 trillion yuan, with an average annual growth rate of 10.14%.
At the end of June 2022, Shenzhen's strategic emerging industry loan balance was 644.532 billion yuan, and the loan balance for technology enterprises was 788.045 billion yuan, ranking first among large and medium-sized cities in the country.
In the face of the COVID-19 epidemic, various banking and insurance institutions in Shenzhen have implemented a series of measures to assist enterprises, extending 2.74 trillion yuan in credit for small and micro enterprises to prevent and control the epidemic and resume production, and have implemented deferred principal repayments for a total of 237,000 enterprises and individuals in difficulty. Pay interest and provide insurance risk protection of 769.722 billion yuan for front-line personnel in epidemic prevention and control and 40,600 catering companies.
Shenzhen's banking and insurance industry focuses on financial services for specialized, special and new enterprises. 92% of Shenzhen's national-level specialized, special and new "little giant" enterprises have received credit support, high-tech research, first units/sets of equipment, and the first batch of application enterprises of new materials. Obtained 3.55 trillion yuan of technology insurance protection.
Over the past decade, Shenzhen’s banking and insurance industry has continued to expand its external
Over the past ten years, Shenzhen’s banking and insurance industry has focused on “building a green financial system” and benchmarked against mainstream international standards, achieving many “first-in-one” breakthroughs in the country. Cooperate with the municipal government to implement my country's first "Green Finance Regulations" and formulate the country's first "Guidelines for Underwriting and Claims Settlement of New Energy Auto Insurance". We were the first in the country to implement compulsory liability insurance for environmental pollution, issued the first "carbon neutral" special green financial bonds and charitable trusts, released the first externally disclosed trial calculation method and results of the carbon footprint of investment and financing activities, and launched the first measurable personal carbon account. System design. As of the end of June 2022, the green loan balance was 585.790 billion yuan, with an average annual growth of 29.17% since statistics were collected, 13.87 percentage points higher than the growth rate of various loans.
Huimin Finance goes deep into “ordinary people’s homes”
In terms of people's livelihood protection, in 2015, Shenzhen insurance institutions took the lead in launching supplementary medical insurance for major and serious diseases, creating a domestic inclusive insurance business. In 2020, we once again took the lead in launching urban customized medical insurance. In 2021, it innovatively launched China's first urban customized insurance product focusing on 28 high-risk critical diseases. The inclusive insurance business creatively combines commerciality and inclusiveness and is highly recognized by Shenzhen citizens. As of the end of June 2022, the number of people insured by Shenzhen's inclusive insurance business exceeded 9.5 million, ranking first in the country, with a cumulative compensation amount of 1.628 billion yuan, effectively playing the role of the insurance industry as a "social stabilizer".
Shenzhen is the first country in the country to implement guidance on improving the quality and efficiency of financial services for the elderly in the form of normative documents. 1,517 bank and insurance institution business outlets have completed barrier-free renovations, and 1,092 exclusive service windows have been set up for the elderly. The "Zhizhi Helping the Elderly e-Station" helps the elderly People are crossing the digital divide, and the smart senior care card covers 93% of the registered elderly population. Among the first batch of pilot pension financial products, the cumulative subscription amount of investors accounted for more than 40% of the country's total.
In terms of consumer rights protection, Shenzhen innovates rights protection mechanisms and promotes social co-governance. Establish the country's first insurance consumer rights protection agency with independent legal personality and the country's first banking industry consumer rights protection professional agency. Cooperate with the Municipal Intermediate People's Court and the Shenzhen Central Branch of the People's Bank of China to establish and improve the diversified resolution mechanism for financial disputes. Regularly carry out a series of activities such as "Financial Knowledge Popularization Month" and "Financial Consumer Rights Protection Education and Publicity Week" to create Shenzhen's financial education publicity brand "Financial Understanders", which educates and entertains so that consumers can "understand and remember" , guard the "money bag".
Answering the question of the times as a pioneer demonstration zone, Shenzhen is the bridgehead of China's reform and opening up, and it is also the core engine of the construction of the Guangdong-Hong Kong-Macao Greater Bay Area. Over the past ten years, Shenzhen has continuously delivered new answers as pioneers and demonstrations.
Focusing on the "dual-zone" construction and "dual-reform" demonstration, the Shenzhen Banking and Insurance Regulatory Bureau, in collaboration with provincial and municipal financial management departments, jointly issued a number of financial support policies and plans, launched 29 guiding opinions on the new development pattern of Shenzhen's financial industry services, and took the lead in overall planning Build a high-quality modern economic system, improve the quality and efficiency of financial services for economic and social development, deepen financial reform, opening up and innovation, build a global financial technology center, and provide financial support to the Greater Bay Area and pioneer demonstration areas
