Before the release of macroeconomic data in the annual policy of Yesterday, the HSBC Group's four economists from all over gathered in Shanghai, HSBC economist Qu Hongbin, chief China's response to the current economic Evening News hot topic
do not need to worry too early, p> economic policy will not said the second half of the first half of tightening loose, there will be no big change. has issued the local steel mills and traders bet ore price Game warming on industrial waste hundreds of billions of new regulations stir the market behind Hong Kong's famous night clubs bigwigs (Photo) He Chengying: China needs to get rid of such high prices because
years Economy top priority this year is still to maintain growth, Qu Hongbin, that will not affect the proper tight GDP growth. reduced mobility.
reporter noted, and in January 2010 will be cut off before the 20 days the amount of credit compared to 1.45 trillion days, January 2011, the tempo of commercial banks to be somewhat scripted. The latest market news, the new seven years ago, financial institutions, new loans reached 480 billion yuan, slightly lower than the previous rumors of the 600 billion level, which, engineering, agriculture, in construction of four state-owned banks scored 230 billion yuan. Qu Hongbin, the difference between the central bank embarked on a very in favor of the reserve ratio, said: can be adjusted, is a large improvement. have expressed concern that requires four lines not more than 310 billion yuan in January, all the credit, not more than 900 billion yuan, and if the credit or Shoubu Zhu's words, the difference at any time the deposit reserve ratio will be introduced. In such a
the New Year began with Minsheng Bank said that it really represented the financing of the banks have opened refinancing, followed by big firms in the Agricultural Bank of China, highlighted the Bank's own Specific to the banking industry, said Qu Hongbin, from the policy terms, the tightening of policies for easing is detrimental for the banking industry, but also depends on the process of tightening the details, such as raising interest rates from the current situation for the bank is beneficial. However, the deposit reserve ratio increase, including the control of the size of credit for banks at a disadvantage.
10 trillion in 2009, lending in total lending over the past two years, 20 trillion, of which hides a lot of assets at risk, has been formed, the question is when exposed. bring the corresponding risks, banks will have an impact.
tightening of liquidity, the property market continued to adjust the background, the new funding is in decline, the reserve in the increase, so the new mobility are constantly in the current policy environment, anti- concern about inflation has been high.
free convertibility of the RMB has been close
for the latest market news, the Bank of China to carry out the transaction on U.S. residents of RMB business, Qu Hongbin, that this is the context of free convertibility of the RMB little progress one.
, we at least not as in the past the so-called problem of capital flight so worried. capital account, of which there are already more than half of the full convertibility, such as FDI. The rest is in the capital markets, such as foreigners we can not buy A shares, or buy bonds.
Qu Hongbin Correction: , that is, to further relax some of the individual. We regard the convertibility of the RMB over the past few years has taken a substantial pace, and now speaks more second Five-Year Plan, more concerned about adjusting structure, promoting consumption, China may be the next five years On the financial front, to a certain degree of development there will be quantitative to qualitative changes, such as capital account convertibility.
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