CNBC:
I have two questions. The first question is about consumer loans: what can you tell us about the different types of consumer loans, especially in the context of varying consumer income? The second question is about non-performing assets: some recently published analyses and reports indicate that there are relatively large gaps in non-performing assets of banks across different regions. Has the central bank conducted research on this issue, and what risks need to be considered to protect the national financial system? Thank you.
Ruan Jianhong:
Let me answer your second question first. The statistics of non-performing assets are released by the supervisory authorities, so you can stay tuned with them for information updates.
Zou Lan:
In recent years, China's consumer loans have grown steadily, which is basically consistent with the growth trend of household consumption. At the end of June, the balance of RMB personal consumption loans increased by 13% year on year. Among them, short-term consumer loans increased by 11.1% and medium- and long-term consumer loans increased by 13.4%. With the economic and social development and the improvement of people's living standards, there is still much room for improvement in household consumption. The PBC will actively guide commercial banks to conduct consumer finance businesses in a prudent and standardized manner and strengthen the management of consumer loan use, giving full play to the positive role of consumer finance in supporting upgrades in household consumption and promoting "dual circulation." Thank you.
