Bank of China: New credit this year or super 7.5 trillion

Securities Times reporter Roark closes our report yesterday, the Financial Research Center of the Bank of communications said that the uncertainty of China's economic situation in the second half of the year will lead to uncertainty about the pace of new credit delivery, and the bank's annual credit exposure is significantly higher than 7.5 trillion. The report argues that, despite factors such as lower housing turnover, limited government financing platforms and loans for overcapacity industries, credit demand has fallen; but the steady progress of projects under construction, the expansion of affordable housing construction, increased investment in western development and the support and encouragement of private investment will promote the growth of loan demand, New loans may even reach 8 trillion a year.　　At the end of 2010, M2 growth 17-19%,m1 growth 20-22%. Under the influence of these factors, the credit structure of the bank will be optimized in the second half of the year, the report said. From the term structure, in the second half of the year, when the demand for credit is down and the demand for short-term liquidity of enterprises picks up, the paper financing and short-term loans are expected to maintain a small growth trend, the long-term loan will be eased. In addition, the fall in demand for 2009 day-scale financing platform loans and mortgage loans may prompt banks to put credit in emerging industries and SMEs, and the industry structure of credit is expected to improve.