Li Yunze: Overall stable financial operations

Currently, various businesses of banks and insurance institutions are being carried out in an orderly manner, and major regulatory indicators are in a healthy range. Large financial institutions have a solid foundation, and their role as a "ballast stone" is evident. Important progress has been made in the reform and risk reduction of small and medium-sized financial institutions. Looking at the first four months, the capital adequacy ratio of banks and the solvency ratio of insurance companies have maintained a stable and improving trend; the non-performing loan ratio has decreased by about 0.1 percentage points year-on-year, and the provision coverage ratio has increased by about 10 percentage points year-on-year. It can be said that the industry's safety net continues to thicken.