China's banking sector: Ample credit support urges economic recovery to be good

Xinhua Beijing, February 10 (reporter Liu Shiping, Bai Jiechun) data show that as of the end of 2009, the total assets in China's banking sector reached 78.8 trillion yuan. At the same time, ICBC, CCB and the Bank of China ranked the world's largest banks first, second and fifth.　　The Chinese banking industry, with its growing strength, has also provided strong monetary credit support for the rapid reversal of economic growth and the first to achieve an overall economic rebound.　　The credit structure optimizes the economic "blood" function to highlight the new RMB loan reached 9.59 trillion yuan last year, a large amount of credit supply effectively stabilized the market confidence, eased the liquidity pressure and boosted the economic recovery. The banking regulator said that since last year, the bank has focused on supporting infrastructure, livelihood areas and weak links. New and medium-term loans are mainly invested in infrastructure industries.　　Long-term loan growth in industry closely related to people's livelihood is higher than average. Data show that last year, China's major banking institutions infrastructure major industries in the medium and long term loans accumulated new 2.5 trillion yuan, the year-end balance rose 43%, compared to the end of the previous year increased by 19.6%.　　Among them, the Water conservancy, environment and public facilities management industry long-term loan balance rose 85.2%, compared to the end of last year, increased by 55.2%; At the same time, the regional structure of loans was further improved. The CBRC said that the distribution of credit resources between the economically backward regions and developed regions had improved markedly in the past year, and the growth of credit was higher in the west than in the east.　　At the same time, the high degree of extroversion, the financial crisis is the most serious impact on the eastern coastal areas of the capital needs are effectively supported.　　Strengthen the support to small and medium-sized enterprises, "three rural" and other weak links in the Banking Regulatory Commission, the relevant officials said that in the process of credit supporting the economy, China's banks focused on SME credit, rural financial services, consumer credit and other inputs. In the SME financial services sector, the bank's SME loan balance reached 14.4 trillion yuan at the end of last year, an increase of 3.4 trillion yuan and an increase of 30.6%.　　The Small Business Financial services franchise of 17 major commercial banks has accounted for more than 60% of its small business loans.　　Among them, the banking sector has strengthened its support for small businesses, which last year grew 32.2% per cent from early last year, up from an average growth rate of 4.5% for corporate loans. At the same time, "three rural" loans accounted for a growing proportion of all loans. By the end of last year, the balance of rural loans between the major financial institutions and rural cooperative financial institutions, urban credit cooperatives, village banks and finance companies grew by 33.4%, up 15% from a year earlier, and 0.4% higher than the loan growth in the same period. Household loan balances Rose 31.7% Year-on-year, up 15.3% from a year earlier. The balance of agriculture, forestry, livestock and fishery loans increased 25.9%, up 1 from last year.5.9%. In addition, personal consumption loans significantly increased.　　At the end of last year, the bank's personal consumer loans totaled 1.8 trillion yuan, up 48.6% from a year earlier, to a 34.6% increase.　　Strengthen risk control and control international regulation and regulation the discourse power expands to face the risk accumulation under the high speed credit growth, the CBRC strengthens the risk control measures unceasingly, enhances the banking financial institution risk resisting ability. On the basis of scientific calculation, the CBRC implements dynamic provisioning and dynamic capital regulation requirements. Under the situation of high credit growth, the monitoring, analysis and early warning of the risks in the fields of fixed assets, local financing platform and real estate are emphasized.　　Closely tracking the large amount of credit risk, focusing on the concentration of loans, credit cards and bills business irregularities and other regulatory rectification.　　In order to fundamentally standardize the use of credit funds, to ensure the safety of credit funds and protect the interests of the financial consumers, the CBRC formulated the "Interim measures for the management of fixed assets loans", "liquidity loan management measures", "personal loan management measures" and "project Financing Business Guidelines" (referred to as "three methods, a guideline"). In addition, the CBRC has greatly improved its speaking power on behalf of the State in the development of international regulatory rules, and last year the CBRC became a full member of the Financial Stability Council and the Basel Committee on Banking Supervision, and the chairman of the CBRC was recommended as vice-chairman of the Standing Committee on Regulatory Cooperation under the Financial Stability Council.　　The CBRC also participated in the formulation of international banking regulatory standards at various levels and substantively, and some important principles and many constructive opinions have been or are about to be embodied in the final results. While continuing to vigorously support the growth of the national economy this year, the banking industry should pay more attention to the adjustment of credit structure, pay more attention to scientific development and pay more attention to financial risk prevention, Liu said.