www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Banks start mopping up more liquidity

Updated: 2011-09-06 09:21

(Xinhua)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

BEIJING - China's commercial banks will put a total of 900 billion yuan ($140.79 billion) in reserve over the next six months starting?Sept 5?as the government takes a new approach to mopping up market liquidity.

The People's Bank of China (PBOC), or the country's central bank, last week ordered banks to include margin deposits in their reserves starting Sept 5.

The margin deposit is the collateral deposited by customers for letters of credit and other guarantees.

"The new policy indicates that inflationary pressures are still high in the country despite expectations that consumer prices should start to decline in August from July's peak," Wang Haifeng, analyst of research institutes with the National Development and Reform Commission.

The country's consumer price index (CPI), a main gauge of inflation, soared to a 37-month high of 6.5 percent in July, but August's CPI is expected to be no higher than 6 percent.

The government introduced the new credit-control measure because if it continued to use the traditional tools they would yield "little, or even negative effects," said Huo Deming, professor of the China Center for Economic Research at Peking University.

Li Xunlei, chief economist of Guotai Junan Securities, said the expansion of the base used to calculate banks' required reserves was the best option for the central bank to drain liquidity from the market given the current circumstances.

"Previously, many commercial banks were eager to grow their off-balance-sheet business such as bill financing in order to turn in less deposits as required reserves," Li said.

And it was difficult for the central bank to use traditional monetary policy tools to regulate such off-balance-sheet businesses prior to the new rules, Li noted.

He said the amount of margin deposits banks keep as required reserves every month would be lower than the monthly growth of funds outstanding for foreign exchange.

As the funds outstanding for foreign exchange had dropped, Li said, the new required reserve rules had made it unnecessary for the PBOC to raise the RRR again and the likelihood of an interest rate hike also had dropped.

Liu Yuhui, a researcher with the Institute of Finance and Banking of the Chinese Academy of Social Sciences, said the new rules would hit medium and small banks harder than their mammoth rivals as the scale of their margin deposits was much greater.

According to the Chinese banks' half-year reports, the proportion of margin deposits in total deposits held by medium and small banks was about three to four times the amount of large banks.

PBOC data shows the banking system's margin deposits totaled 4.42 trillion yuan by the end of July, with margin deposits for medium and small banks at 2.8 trillion yuan.

Margin deposits accounted for over 20 percent of medium and small banks' total deposits.

Ba Shusong, a researcher with the Development Research Center of the State Council, or Cabinet, said the new move was equivalent to increasing the traditional RRR by several basis points.

The central bank has given the Postal Saving Bank of China and the country's five largest banks -- ICBC, the Agricultural Bank of China, BOC, CCB and Bankcomm -- three months to meet the required reserve target while smaller banks were given six months.

The country's RRR currently stands at 21.5 percent for large commercial banks after six hikes this year, meaning that they have to set aside 21.5 percent of their deposits in reserve.

主站蜘蛛池模板: 在线毛片观看 | 天天躁天天碰天天看 | 国产喷水女王在线播放 | 99精品免费 | 美女视频永久黄网站免费观看国产 | 99视频精品全部在线播放 | 波多野结衣在线播放视频 | 久久视频免费观看 | 国产一在线精品一区在线观看 | 亚洲国产欧美精品一区二区三区 | 亚洲精品成人中文网 | 亚洲欧美在线观看播放 | 成人免费视频在线看 | 97在线观看视频免费 | 日韩欧美一区二区三区在线观看 | 欧美乱大交xxxxx | 中国美女隐私无遮挡免费视频 | 国产成人久久久精品毛片 | 高清视频 一区二区三区四区 | 美女一级片视频 | 99精选视频| 99国产精品农村一级毛片 | 一 级做人爱全视频在线看 一本不卡 | 99国产精品视频免费观看 | 国产成人女人在线视频观看 | 男女无遮挡拍拍拍免费1000 | 亚洲综合一区二区三区 | 日本一级在线播放线观看视频 | 成人影院久久久久久影院 | 色综合a怡红院怡红院首页 色综合精品久久久久久久 色综合九九 | 99在线视频观看 | 久久久久久久99久久久毒国产 | 亚洲图片在线视频 | 天堂一区二区三区在线观看 | 99国产精品欧美久久久久久影院 | 久艹在线观看视频 | 国内精品一区二区 | 中文字幕一区二区精品区 | 国产欧美一区二区成人影院 | 在线视频精品视频 | 成人免费毛片观看 |