您现在的位置是:l 0 b 6 a e b r t 5 d l i 2 n y x i 1 o f 8 2 h 6 > Fashion
【foul bunt with 2 strikes】China cbank told banks to moderate pace of lending in January - sources
l 0 b 6 a e b r t 5 d l i 2 n y x i 1 o f 8 2 h 62024-09-29 08:11:41【Fashion】0人已围观
简介SHANGHAI/BEIJING, Feb 1 (Reuters) - China's central bank told some commercial banks in January to mo foul bunt with 2 strikes
SHANGHAI/BEIJING,foul bunt with 2 strikes Feb 1 (Reuters) - China's central bank told some commercial banks in January to moderate their pace of lending, four sources with direct knowledge of the matter said on Friday, as it seeks to manage the amount of credit flowing into the economy.
In its guidance, the People's Bank of China (PBOC) also told the lenders that the pace and size of loans granted should not fall below the level from the same period a year earlier.
Loan growth is usually strong in January as Chinese banks tend to front-load loans early in the year to win market share.
At the same time, the PBOC has been offering ample liquidity to the market and has been urging banks for months to keep lending to cash-strapped companies, particularly smaller, private firms.
Analysts say reviving weak credit growth will be key to steadying China's cooling economy, but policymakers are closely watching to ensure loans are used for real business activity, not speculation.
"The (loan) injection was too much, and (we) need to tap on the brakes," said one of the sources close to the central bank.
Excess loan growth is not compatible with effective credit demand in real economy, and excess expansion in granting loans could lead funds to flow into undesirable areas, said a second source.
"(We) got the notice by phone. Credit lending was indeed very strong, given there are certain regulatory requirements," said a third source at a major bank who received PBOC's window guidance.
The PBOC has yet to respond to Reuters query for comments.
A central bank official said earlier this month that China will maintain 'appropriate' growth in total social financing, adding that current liquidity level in China's banking system is reasonably ample.
In December, Chinese banks extended far more new loans than expected, bringing last year's tally to a record $2.4 trillion as Beijing.
However, weaker sales and profits are making some firms reluctant to borrow. OCBC estimates new corporate loans in the fourth quarter were half the levels seen in the first nine months of the year.
(Reporting by Li Zheng in SHANGHAI and Zhang Xiaochong and Ryan Woo in BEIJING, Writing by Winni Zhou; Editing by Kim Coghill)
View comments
很赞哦!(5)
相关文章
- 35 Surprising Cities With Low Costs of Living
- Orkla ASA: Higher in-home consumption of food and cleaning products spurred growth for Orkla
- Monthly Outlook – January 2020
- Pompeo says U.S. considering welcoming Hong Kong people, entrepreneurs
- Should You Sell in May or Buy 5 Top Coronavirus-Immune Stocks?
- Billionaire Warren Buffett Divests Airline Stakes, Sees No ‘Attractive’ Investments
- Gaming platform Roblox acquires Imbellus assets ahead of IPO
- The Zacks Analyst Blog Highlights: Chegg, Tencent, GoDaddy, Fortinet and ServiceNow
- Were Hedge Funds Right About Advanced Micro Devices, Inc. (AMD)?
- Should You Like Vidrala, S.A.’s (BME:VID) High Return On Capital Employed?
热门文章
- EnerDynamic Closes Fully Subscribed Non-Brokered Private Placement Corrected Version
- Brazil manufacturing PMI rises to 38.3 in May from record low 36.0 in April - IHS Markit
- Natural Gas Price Fundamental Weekly Forecast – Heating Season Begins with Hedge Funds Holding Long Positions
- 3 Consumer Cyclical Mutual Funds to Grab in December
站长推荐
Global core material market size to record unprecedented growth through 2025
The Benchmark Company Announces Upcoming Technology One on One Virtual Investor Conference
Coupa Software, Inc. (COUP) Earnings Expected to Grow: Should You Buy?
Stericycle (SRCL) Tops Q3 Earnings and Revenue Estimates
Trust Stamp Prepares to Pursue Direct Public Listing on Euronext Growth Market
Gofore Plc: Gofore Plc - Managers' transactions - Virtanen
Storms that slammed Central America in 2020 just a preview, climate change experts say
ReSPECT Glioblastoma Clinical Trial Data to be Presented at 2020 Society for Neuro-Oncology Annual Meeting
友情链接
- PRESS DIGEST - Canada - Jan 2
- Alphabet Inc (GOOG) CEO, Google LLC Sundar Pichai Sold $10.2 million of Shares
- BRIEF-RMH Holdings Says Kwong Choong Kuen Resigns As CFO
- 'Star Wars': Are the original actors too old for a sequel?
- Do Insiders Own Lots Of Shares In Mariner Corporation Limited (ASX:MCX)?
- BRIEF-Xinghe Holdings Says Unit Acquires Farm Land & Farm Assets For 100 Million RGT
- Will Adobe Inc.’s (NASDAQ:ADBE) Earnings Grow Over The Next Few Years?
- PRESS DIGEST- British Business - Jan 3
- BRIEF-Baoding Tianwei Baobian Electric Expects To Win State Grid's Bids For 2.2 Bln Yuan
- S.Korea's Hyundai target 2019 global sales of 4.7 mln vehicles