Gansu Bank, real estate, digital currency, the latest changes in response to 9 hot spots
“The last time we met was years ago, at that time we did not expect such a big event to happen in the world in these three months.”On April 10, in the first quarter financial statistics conference, the office director Zhou Xuedong said that affected by the new crown epidemic, the international financial market was greatly volatile in the first quarter, but most of the stock market, bond market, foreign exchange market in a seriesRelatively stable under the anti-epidemic policy.The financial statistics for the first quarter released on the day in advance showed that at the end of March, the balance of broad money (M2) was 208.09 trillion, an increase of 10 in ten years.1%, the growth rate is 1 higher than the end of last month and the same period of last year.3 and 1.5 averages.RMB loans increased by 7 in the first quarter.1 trillion yuan, an increase of 1 in ten years.29 trillion.The increment of social financing scale in the first quarter gradually increased to 11.08 trillion yuan, 2 more than the same period last year.47 trillion yuan.In a single month, residents’ consumption and house-buying activities in March all recovered after repeated production resumption, and data recovered.At the press conference, it was gradually rediscovered that the digital currency was proceeding in an orderly manner according to the original plan, and there was new progress in the reform and reorganization of Baoshang Bank.In addition, it has also answered questions about market concerns such as real estate policies and whether the benchmark deposit rate is adjusted.The rebound of M2 effectively supported the epidemic prevention and control and economic and social development. In January and February this year, M2 returned to a growth rate of 8 respectively.4%, 8.8%, rose to 10 in March.1%.In this regard, Ruan Jianhong, director of the Department of Long-Term Investigation and Statistics, said that the first quarter was a period of pressure on the economy affected by the epidemic. The financial system flexibly used a variety of tools to hedge against the adverse effects of the epidemic. More commercial banks credited and promoted M2 appreciationThe rapid recovery has effectively supported overall epidemic prevention and control and economic and social development.In March, personal consumption loans went from falling to rising. Ruan Jianhong said that among the loans from the household sector in March, the operating loans to farmers and individual industrial and commercial households increased in value.3%, joined efforts to resume production support after the epidemic.At the same time, personal consumer loans went from falling to rising in March, and were obviously restored, reversing the negative growth trend in February.The lack of adjustment of the deposit benchmark interest rate does not mean that the bank ‘s actual implementation rate remains unchanged. The latest CPI data released on April 10 fell back to the “4 era”. Is it that the constraints on the adjustment of derated deposit interest rates are lower?The problems caused by the Director of the Inflationary Monetary Policy Department Sun Guofeng talked about four points: First, the benchmark interest rate of deposits is a compression of the interest rate system, which plays an important role in maintaining the normal level of the deposit market, so it must be retained for a long time.Second, the benchmark deposit interest rate has not been adjusted since October 2015, but it does not mean that the deposit interest rate actually implemented by the bank has not changed. The upper and lower limits of the deposit interest rate have been liberalized. The bank can automatically set prices and gradually observe that some bank deposits have actually been implemented.Interest rates are falling, reflecting that the market mechanism is working.The third is the continuous early orderly guidance of the market interest rate down, some types of deposit interest rates have been significantly reduced, the market interest rate and deposit interest rates are achieving two tracks in one track.Fourth, the gradual implementation of LPR reform continues to advance, and the marketization level of loan interest rates has improved significantly, which also plays an important role in promoting the marketization of deposit interest rates.1 trillion refinancing of rediscount is expected to support more than 2 million small and medium-sized enterprises. The National Convention of the People’s Republic of China recently decided to increase the refinancing amount of 1 trillion of refinancing.Sun Guofeng said that the 1 trillion quota is expected to support more than 2 million small and medium-sized enterprises, and the current main spindle is a total of 30 million, which is expected to cover 7% -10% of them to help them overcome the difficulties.Under the current circumstances, the macro leverage ratio should be allowed to have a certain period of increase and macro leverage ratio. Ruan Jianhong said that the current situation allows the macro leverage ratio to have a certain period of increase, the purpose is to expand the financial system’s credit support for the real economy,Mainly to effectively promote the resumption of production and production, then in fact, we put this process a little longer, but also to create favorable conditions for the future to better maintain a reasonable macro leverage ratio.China is far from the liquidity trap Sun Guofeng said that while implementing a stable monetary policy is more flexible and appropriate, it will also take into account external balance.Regardless of the amount of liquidity in the banking system or the level of interest rates, we have not reached the so-called liquidity trap, which is far from the liquidity trap.Comparing the interest rate differential between China and the United States, it is still at a relatively appropriate level. The exchange rate of the renminbi has changed in both directions, and market expectations are stable.Zou Lan, director of the stable long-term financial market department, especially the important long-term financial market department, said that since 2016, it has gradually done some work to curb the excessive flow of funds to the real estate industry, and has achieved relatively obvious results.The real estate industry is characterized by a capital-intensive industry, and the cycle is very long. It has long paid great attention to the stability, continuity and consistency of policies.In the “three stable” (stable land prices, stable house prices, and stable expectations) of the real estate market, stable expectations are particularly important. Unstable expectations have the least harm to the economy. Then, in accordance with the overall requirements and spirit of the central government, we should focus on the “three stable” goalsa good job.Gansu Bank’s reform and restructuring is about to make progress. Huang Xiaolong, deputy director of the Financial Stability Bureau, said that the gradual transformation of Gansu Bank has no direct connection with daily operations. At present, Gansu Bank’s reform and reorganization is actively promoted, and there will be progress soon.In 2015, the State formulated the Deposit Insurance Regulations to fully protect depositors ‘deposits.Some rumors in some places, especially in remote areas, have caused market speculation and are not related to the deposit insurance system. Next, the public’s awareness of the national deposit protection policy will be increased.He also said that the small and medium-sized banks, which continued until 4000, were generally sound and most of them operated well, and the number of high-risk institutions was converging, gradually dropping from 600 to 532.The proposed establishment of Mongolian Commercial Bank to undertake the contractor bank ‘s assets and liabilities Huang Xiaolong rediscovered that the current reform and reorganization plan of the Baoshang Bank has been steadily and orderly advanced.All assets, liabilities, businesses and personnel were purchased and rebuilt by Huishang Bank for the four branches outside the original district of Baoshang Bank.Currently, the China Banking Regulatory Commission has approved the application for the establishment of the Mongolian Commercial Bank, and will soon convene the founding meeting of the Mongolian Commercial Bank. The operation will start soon after approval by the local regulatory authority.Sauna, Ye Wang Cheng Weimiao Editing Yue Caizhou Proofreading Li Shihui