A person familiar with the matter revealed that the People's Bank of China has instructed that all banks have slowed the speed of loan in the early next year and will be paid in advance to this year to prevent excessive credit expansion in the economic recovery process.
According to Bloomberg News on Tuesday (November 21), people familiar with the matter reported that the People's Bank of China guided commercial banks to balance credit credit by the Macro Prudential Supervision (MPA) last week, and the credit increase in large -scale commercial banks in the first quarter of next year next year's next yearControls within the same period of the past five years.At the same time, the central bank also encouraged some loan projects originally scheduled to be issued early next year, appropriately issued in advance to the last few months of this year to ensure that the credit increase in the last two months of this year will remain stable.
People familiar with the matter said that the above plans may be adjusted with economic performance and trend.
According to Bloomberg, the above requirements mean that the upper limit of the loan in the first quarter of next year is RMB 7.9 trillion (1.48 trillion yuan), which is less than a quarter of the total loan in the first quarter of this year.one.
With the recovery of the Chinese economy at the beginning of this year, various banks issued a record -scale loan, and China's regulatory agencies also urged banks to lend in advance to promote economic growth.However, the increase in loans has fallen sharply in the middle of this year, and the new loan in July has dropped sharply to 14 years, resulting in fluctuations in the RMB exchange rate and shore stocks.
With the end of 2023, Chinese financial regulatory agencies have adopted a series of measures to stabilize funds and credit increases.China's official attention has also begun how to make the economy in 2024 maintain a growth momentum.
The People's Bank of China, the State Administration of Finance Supervision and the Securities Regulatory Commission jointly held a financial institution symposium on Friday (November 17) to ask each financial institution to meet the reasonable financing needs of different ownership real estate enterprises, andReal estate enterprises "do not hesitate to loan, draw loans, and break loans"; continue to use the "second arrow" to support private real estate companies to issue debt financing and support real estate companies with reasonable equity financing through the capital market.
