Four-quarter new loans will reach more than 900 billion

The central bank's three quarterly report predicts: Future loan demand will remain stable. Xinhua, the Central Bank Regulation Division released yesterday, "2009 Three quarterly macroeconomic situation analysis," said, the three quarter of this year, the money supply continued to maintain high growth, credit overall relaxed; from the trend of credit, future loan demand will remain stable.　　The report argues that at present, we should pay close attention to the adjustment of economic structure, do well the management of inflation expectation, restrain the overcapacity of some industries, guide the financial institutions to optimize the credit structure, enhance the sustainability of loan growth and achieve steady and rapid economic development. After reviewing the growth of the three quarter, the report notes that demand for loans will remain stable as the projects already under construction still require large credit funds to be maintained and real estate investment heats up.　　Structure, medium and long-term loans will continue to increase significantly, Bill financing will continue to decrease, SME loans and "three rural" loans will continue to three quarters of the development trend, further growth. In this regard, Societe Generale senior economist Lu Commissar, the Secretary for Regulation issued the report is more likely based on statistical data, an objective portrayal of a reality of economic operation and the judgment of the trend, may not represent the central bank's monetary policy guidance.　　He also pointed out that stressing the "sustainability" of loans also means that credit needs to be stable, otherwise, too little or too much inflation in the next year is unsustainable.　　In 1 this year-September, a total of 8.67 trillion new loans were added to banking institutions, which were calculated at 9.5 trillion to 10 trillion of the year, and the four-quarter new loans could still reach around 900 billion to 1.3 trillion. In addition, the report also analyzed that China's economic growth in the future will continue to be stable towards a better direction. Year-on-year GDP growth is expected to continue to rebound in the four quarter, with GDP growing at more than 8% a year. The central bank's CPI-consistent composite index is still in a downward phase, but the decline is slowing; from the first synthetic index, future CPI prices will start to rebound after the end of the year.