CBRC calls for tighter credit management to prevent end-month-end rush

BEIJING, June 24 (Xinhua) China Banking Regulatory Commission (Liu Shiping) recently issued a notice on further strengthening credit management, stressing that loan origination must be used to meet the effective credit needs of the real economy.　　At the same time, to prevent the end of the month, the end of "Chong scale" phenomenon. The notice, issued earlier this month, stresses that banks ' financial institutions are required to ensure that credit funds enter the real economy from credit due diligence, loan issuance and other links. Prevent the credit funds illegally into the capital market to taste real estate and other fields.　　Loans must not be released from the client's effective credit requirements. "Notice" again stressed that we should adhere to the "differentiated treatment, there is the principle of maintaining pressure."　　Banking institutions should be around the country "to protect growth, the requirements of expanding domestic demand and adjusting structure, as well as the implementation of national industrial policy, industrial adjustment and revitalization plan, will allocate credit resources effectively to the areas of national key support and encourage development, and strictly limit the new credit to the" two senior-funded "and overcapacity industries.　　"Notice" requires the banking institutions to reasonably determine and adjust the deposit and loan and profit assessment indicators to prevent the end of the month, the end of the "Chong scale" phenomenon. Central bank data show that the first 5 months of this year, China's new renminbi loans more than 5.8 trillion yuan. Among them, the first quarter credit growth to create a day volume reached 4.58 trillion yuan, especially in March, the new renminbi loans up to 1.89 trillion yuan.