男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Markets

Liquidity concerns abate for most Chinese lenders

By Wu Yiyao (China Daily) Updated: 2014-06-18 08:34

Since late January, the central bank has ensured ample liquidity in the banking system. In March, regulators established a relending program of 50 billion yuan ($8 billion) to support financing for micro and small enterprises.

In April, the government announced a 200 basis point reserve ratio cut for county-level rural commercial banks and one of 50 bps for rural cooperatives.

Lenders were also told to prioritize mortgage lending and charge reasonable rates and quicken loan approvals in May.

"In our view, cutting interest rates would be a better policy than broad-based reserve ratio cuts, given the high leverage in the economy and weak demand on the one hand, and ample liquidity and unresolved implicit guarantees and 'moral hazard' on the other.

"Although lending rates have been liberalized, a symmetric cut to both deposit and lending rates should transmit to the real economy," said Jian Chang, an economist and analyst with Barclays Research in a note.

Other data have also shown that China's lending tensions have eased.

"Our China credit impulse estimate held steady at around 28 percent of GDP last month. May's pickup in yuan-denominated lending and M2 growth, together with low interbank rates and declining marginal borrowing costs, suggests that liquidity and credit conditions have been easing," said Wang Tao, chief China economist with UBS AG.

However, some sectors have still experienced financial stresses. Analysts warned that risks may emerge in the future.

According to Kai Hu, a Moody's Investors Service Inc vice-president and senior credit officer, tight credit conditions are creating financial stresses for certain sectors such as steel, mining and property, and especially for smaller, private enterprises.

In the property sector, for example, "we note that developers are facing significant slowing sales growth, rising inventory levels, and weakening liquidity," said Hu.

Jimmy Leung, PricewaterhouseCoopers LLP"s China banking and capital market leader, said lenders need to watch nonperforming loans, which may increase in 2014 amid slowed economic growth and transforming and upgrading in some sectors.

Lenders need to strengthen their risk and liquidity management, said Leung.

Staff at lenders said they have not shaken off the pressure of securing enough deposits to let their employers to lend as much as possible and meet regulators' requirements regarding loan-deposit ratios and reserve ratios.

"Liquidity management is a long-term task. After June 30, there will be December 30 and June 30, 2015. The exams never end, and the pressure lingers," said Lu, the wealth manager in Shanghai.

Liquidity concerns abate for most Chinese lenders

Liquidity concerns abate for most Chinese lenders

More lenders make RRR cuts Money market funds must come under controls

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 荃湾区| 嘉荫县| 九龙城区| 饶平县| 丹巴县| 霍城县| 海丰县| 吴川市| 黔江区| 绵阳市| 宝应县| 武定县| 罗平县| 龙井市| 明星| 邵阳市| 蓝田县| 金华市| 江安县| 民县| 吉木萨尔县| 迁西县| 大竹县| 天气| 抚松县| 蓝田县| 白河县| 阿鲁科尔沁旗| 嘉兴市| 河源市| 正安县| 丹江口市| 海林市| 攀枝花市| 利川市| 南投县| 石台县| 贵南县| 从江县| 潜江市| 新源县|