129742938923437500_261Click to view the industrial and commercial bank (01398) free live rich when financial Li Zhikai announced on Saturday 24th of this month, lowered the reserve 0.5%, adjusting the large financial institutions in the Mainland after the deposit rate for 20.5%, small and medium financial institutions was 17%. According to the end of January the Renminbi depositLevel 80. estimation of $ 13 trillion, this adjustment will release funds to about $ 380 billion.
After deposit and gold down, banks more storage rate will return to 2% above
wot power leveling, present increased banks ' loanable funds, enabling their lending capacity and is slow to funding pressures. Expected control in the general principle of $ 8 trillion in new loans, to ensure that growth in M2 this year 14%, up 13.6% and January of this year's gains, monetary growth also means there is still a large space.
I think central banks still have to cut the deposit rate 3 to 4 times, so as to make the excess reserves of the banking sector as a whole rebounded, so as to make more ample of funds between banks. To expect central banks cut the deposit number and frequency
wot power leveling, we must first explore the reason behind this.Credit in January growth was lower than expected on the Mainland
world of tanks power leveling, the month of January is often banks lend up to over the past few years in January, Bank lending will break the trillion-yuan mark, but in fact, in January of this year only increased more than 730 billion dollars. Credit growth slowed down after all originated from the Mainland economic uncertainty, January manufacturing purchasing managers ' index (PMI) for 50.5%, rally for the second month in a row, per cent higher than 0.2%, is worthy of note, PMI as a whole is still lower than the average in recent years, reflecting the objective realities of China's economic boom is still low. In addition, consensus is expected to recover in January this year the Exchange, but the January numbers are expected to be well below last year JanuaryScale, in other words the exchange opportunity for 4 consecutive months of negative growth.
Central Bank's latest statistics show that January, Renminbi deposits decreased by $ 800 billion, more than $ 780 billion reduction, Bank's overnight interest rates rose to 4.5%, reflecting the recent tight bank liquidity. I think that if the February new loans in foreign exchange growth continues to slow, notRebound, the March still has the opportunity to cut the deposit payment, large capital to risk assets will stay under the environment, good for the stock market more, I propose high investments associated with the a-share stock, such as cement and insurance, in addition to drop keep pressure will facilitate ease of banking bad loans to raise funds, especially for the large silver as ICBC (1398) benefit. As regards monetary policy adjustmentRelaxed, does it mean that real estate regulation will turn to? I think that fine tuning of monetary policy, does not amount to a substantive change in the regulatory policy of the property market, there were earlier reports that some serious urban decline in house sales in one or two lines, but looking at the 2011 national sales area and house prices still remain on an upward trend, which means that real estate is still well in the Mainland and will not point to recession, For the Mainland's tightening is unlikely this year showed a significant change, fixing, lowered the deposit does not mean that banks will be on easing within financial constraints. (The author for SFC licensed persons and hold ICBC)
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