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

PBOC says alert to systemic stability risks

Updated: 2012-02-17 14:26

(Agencies)

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

China will make every effort to prevent systematic or regional risks to financial stability in 2012, the central bank said in a statement published on Thursday.

The People's Bank of China (PBOC) pledge came as China's state-directed banking system attempts to clean up $1.7 trillion in debts amassed by local governments and address risks lurking in the country's underground system of private lending.

Liu Shiyu, a PBOC vice governor, said in the statement that China would pay close attention to risks in local banks, non-bank financial institutions and private lending in 2012.

"The financial stability situation will become more grim (in 2012 than 2011), and the tasks more arduous," Liu said in the statement, which provided a summary of PBOC's recent working conference on financial stability.

Banking watchdog, the China Banking Regulatory Commission (CBRC), has ordered lenders to re-assess their exposure to local government borrowing by the end of March and said it would allow a one-time rollover of problem loans identified, restricting any maturity extensions granted to a maximum of five years.

China's mountain of local debt piled up after the 2008/09 global financial crisis when Beijing ordered local governments to spend massively on infrastructure projects to buoy economic growth, which they did by borrowing heavily.

China's audit office put the total value of local government debt at 10.7 trillion yuan ($1.7 trillion) at the end of 2010 with 41.7 percent of the outstanding debt due to mature by the end of 2012.

The national audit office also said that it had uncovered irregularities on local government loans worth 530 billion yuan, citing a litany of bad practice.

Analysts reckon about 2-3 trillion of the loans may be sour.

"We must further enhance of analysis and study of key areas and hot spots regarding financial stability," Liu said, without elaborating on what the hot spots might be.

Underground financing is widely seen by analysts as a problem area, especially after a 2011 scandal that saw private entrepreneurs in Wenzhou, Zhejiang province, flee into hiding to escape loan sharks they had borrowed from after being unable to secure credit from China's big state-backed banks.

The public outcry prompted urgent government intervention and saw Premier Wen Jiabao tour Wenzhou last autumn at the scandal's height, promising to ensure the right policy mix in future to support access to credit and economic growth.

Analysts also expect defaults by real estate trust investment vehicles, hurt by a combination of falling real estate prices and an inability to access funds to refinance in the wake of a government-backed clampdown on property lending designed to curb rampant real estate speculation.

主站蜘蛛池模板: 91小视频在线观看免费版高清 | 福利视频99 | 国产露脸3p普通话 | 久久福利青草精品资源站免费 | 日韩理论在线 | 日产一一到六区网站免费 | 久久国产欧美另类久久久 | 欧美成人精品大片免费流量 | 韩国在线精品福利视频在线观看 | 亚洲精彩 | 日韩一区二区三区精品 | 亚洲第一中文 | aaa在线观看 | 国产精品成人久久久久 | 一本久道久久综合中文字幕 | 日韩特黄特色大片免费视频 | 99精品久久久久久久免费看蜜月 | 欧美综合成人 | 5级做人爱c视版免费视频 | 亚洲久久网站 | 欧美一级高清片欧美国产欧美 | 欧美69xx| 国产真实乱子伦精品视手机观看 | 欧美一区二区三区gg高清影视 | 国产日b视频 | 日韩一区二区三区在线观看 | 日韩一区二区三区在线 | 97超级碰碰碰久久久观看 | 生活片一级播放免费 | 国产视频三区 | 亚洲天堂成人在线观看 | 在线成人精品国产区免费 | 免费一级欧美片在线观看 | 国产主播第一页 | 一级欧美在线的视频 | 美女美女大片黄a大片 | 最新国产三级在线不卡视频 | 久久伊人男人的天堂网站 | 日韩第五页 | 99精品久久久久久久 | 本道久久综合88全国最大色 |