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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

PBOC will act 'if necessary'

By WANG XIAOTIAN | China Daily | Updated: 2013-06-26 02:25

PBOC will act 'if necessary'

The Shanghai headquarters of the People's Bank of China. The central bank said on Tuesday that it has boosted liquidity support to "cautious" financial institutions, and added that the credit crunch in the country's interbank market will gradually ease. YAN DAMING / FOR CHINA DAILY

Central bank says there's no overall liquidity shortfall

China's central bank said on Tuesday that it will intervene to adjust market liquidity if necessary, following the nation's worst cash crunch in a decade.

The bank said it would act to ease short-term, abnormal fluctuations and stabilize market expectations. The People's Bank of China added that currently, there is no shortage of overall liquidity, and the recent crunch will gradually ease.

In a statement on its official website, the PBOC said it will keep the money market stable with a combination of tools, including open market operations, re-lending, rediscounting, short-term liquidity operations and standing lending facilities.

"For financial institutions that extend loans to the real economy and develop with a prudent lending pace, the central bank will provide liquidity support if they lack capital temporarily."

It said for those with liquidity management problems, it would also adopt measures to maintain the overall stability of the market.

The central bank said it has already provided funds to some institutions to ease market tensions.

China's liquidity risks are "controllable", and the central bank will keep market rates at a "reasonable" level, said Ling Tao, deputy director of the central bank's Shanghai branch on Tuesday in Shanghai.

"The monetary authorities will closely watch interest rates in the future and keep them at a reasonable level."

According to the central bank statement, as of June 21, financial institutions had total provisions of 1.5 trillion yuan ($242 billion). "Usually, provisions of 600 to 700 billion yuan could meet the needs of normal payment and settlement," it said.

The Shanghai interbank overnight rate, a gauge of interbank borrowing costs, declined for a third straight day on Tuesday to 5.736 percent, compared with an all-time high of 13.44 percent last Thursday.

The central bank's lack of intervention to curb the rise in overnight borrowing rates could hurt economic growth and particularly the asset quality and profitability of banks, said Standard & Poor's Ratings Services in a report on Monday.

It said the central bank intends to contain the aggressive growth of wealth management products, which banks have been using as an alternative channel to increase credit disbursal.

The banking sector has excessive liquidity, said the report. Cash and central bank reserves accounted for about 14.8 percent of the banks' balance sheets at the end of May.

Previous 1 2 Next

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 99国产精品欧美久久久久久影院 | 加勒比色久综合在线 | 欧美日韩一区二区不卡三区 | 国产视频一二三 | 成人免费网站久久久 | 一级黄色毛片免费看 | 国内精品一区二区 | 色三级大全高清视频在线观看 | 亚洲午夜一区二区三区 | 日本欧美一区二区三区视频 | 一级毛片美国一级j毛片不卡 | 久久精品视频3 | 美女视频免费黄色 | 亚洲国产精品一区二区三区在线观看 | 国产精品一区二区久久精品涩爱 | 大片在线播放日本一级毛片 | 国内国产真实露脸对白 | 久草手机视频在线观看 | 国产91在线精品 | 美女午夜色视频在线观看 | 成人www视频网站免费观看 | 欧美a大片欧美片 | 女仆色在线 | 免费看特级淫片日本 | 最新中文字幕一区二区乱码 | 亚洲精品一区二区三区国产 | 国产免费一区二区三区在线 | 国产一级久久久久久毛片 | 欧美特级毛片aaaa | 久久国产乱子伦精品免费不卡 | 国产一级特黄aa级特黄裸毛片 | 欧美在线高清视频播放免费 | 久久中文字幕综合不卡一二区 | 久草手机在线视频 | 在线国产区 | 男女视频在线观看免费高清观看 | 成人精品亚洲人成在线 | 香港一级纯黄大片 | 久久久亚洲精品蜜桃臀 | 特级毛片免费视频播放 | 九九国产在线观看 |