Liu Target annual credit banking institutions is not set - Domestic Finance - gold in the online

 26 China Banking Regulatory Commission Chairman Liu said the Chinese banking financial institutions, new loans in January is usually a significant increase, while the whole banking financial institutions, credit goals were not set. After the news, as of January 24, China's commercial banks in January reached 1.2 trillion yuan of new loans.

attending the World Economic Forum in Davos, Switzerland, Liu said that China is working to promote better development of the restructuring of the economy, the domestic GDP growth in 2011 will bid farewell to double-digit growth.

analysts pointed out that the current month, new loans are close to the tolerable upper limit of regulatory bodies. If the month credit, Nan Yi, regulatory agencies or to use including the orientation of the central vote, window guidance and other means to strengthen the

According to a large state-owned commercial bank said that since the beginning of regulators require commercial banks to invest in new loans in January about the control 12% of the target within the year, but from a practical point of view, a number of banks have more than the set target. Now commercial banks have begun to strictly control credit growth, for some super-placed branches, head office has begun to shut down the credit approval system to prevent further growth of credit.

analysts said even a quarter of January, the surge in credit reasonable natural factors, Generally speaking, commercial bank credit for a quarter of the size of the total will account for about 50% of the year.

concentration of credit project down to the early release of other factors, the regulatory body may be relaxed to some extent the scale of a single month in credit management, and in accordance with the quarter to control the proportion of new loans in the running.

the credit boom, the central bank has taken to raise the deposit reserve ratio to tighten liquidity. Analysts said the bank raised deposit rates to tighten credit standards of the effect is not obvious, but it led to a serious tight money market funds. 7 days collateral repo rate has hit a new high of 9.5%. Since then, the central bank had to be targeted twice in reverse repurchase operation, inter-bank market to invest funds. It is reported that the size of the central bank reverse repo reached 3,500 billion yuan, which means that the central bank has raised the deposit reserve ratio by the freezing of all funds on the market.