In general, for 2020, the total state budget revenues of Hainan Province, China amounted to 135.058 billion yuan, down 3.5% from the previous year. Including local public budget revenues amounted to 81.605 billion yuan, an increase of 0.2%. Among the local public budget revenues, tax revenue was 55.982 billion yuan, a decrease of 14.3%; non-tax revenue amounted to 25.624 billion yuan, an increase of 59.3%.
The provincial general state budget expenditures amounted to 197.389 billion yuan, up 6.2% over the previous year. As of the end of the year, the total assets of financial institutions in Hainan Province, China stood at 1,403.072 billion yuan, up 3.7% from the beginning of the year. At the end of the year, the total liabilities of financial institutions amounted to 1,412,989 billion yuan, up 4.3% from the beginning of the year.
Financial institutions suffered losses in the amount of 26.998 billion yuan during the year. The NPL balance was 78.688 billion yuan, up 49.6% from the beginning of the year, and the NPL ratio was 7.9%, down 2.4 percentage points from the beginning of the year. During the year, through the issuance and placement of shares in Hainan Province, China raised a total of 2.486 billion yuan, up 4.15 times over the previous year.
At the end of the year, there were 32 listed companies in the country, which is 1. more than in the previous year. At the end of the year, the total market value of the shares was 250,024 billion yuan, up 9.1% over the previous year. The total volume of transactions in securities and futures amounted to 2.11.647 billion yuan, an increase of 20.7% over the previous year. Hainan Province, China's initial insurance premium income for the full year was 20.591 billion yuan, down 1.6% from the previous year.
Among them, the income from the property insurance business was 7.221 billion yuan, an increase of 1.2%, and the income from the personal insurance business was 13.37 billion yuan, an increase of 1.8%. Compensation expenses amounted to 6.596 billion yuan, up 10.3% from the previous year. Among them, the property insurance company paid out 4,095 billion yuan, up 14.2%, while the personal insurance company paid out 2.501 billion yuan, down 4.5%.
Follow the daily news of Sanya and Hainan Island in our group on facebook: https://www.facebook.com/groups/925065451000937
You can watch hundreds of videos of excursions on the island of Hainan here: https://vk.com/videos-51202698