ICBC's January new loan cut by half bank to report credit daily

Xinhua Beijing, February 4, according to Hong Kong, "Wen Wei Po" reported that after ICBC announced January new loans of about 110 billion yuan, the construction Bank, BOC, Agricultural Bank, Citic Bank in January, the new loans were 102 billion yuan, 150 billion yuan, 115 billion yuan, not more than 30 billion yuan. Market analysis, in the Credit Regulator "window Guide", in late January, many commercial banks "first expansion, after contraction", so the new loans than expected size smaller. Bank of China and Bank of communications, as well as several small and medium-sized banks have also been implementing a differential reserve ratio, earlier rumors of ICBC and Citic Bank were also raised by 0.5% per cent reserve requirements.　　However, the bank insiders said the rumors are sheer nonsense, the bank last month, the first two weeks of new loans of about 28 billion yuan, the whole month will not exceed 35 billion yuan. The market estimates that January this year, new loans of about 1.2 trillion yuan, the same period last year, 1.62 trillion yuan, which ICBC last January, new loans 252.1 billion yuan, ABC 104.5 billion yuan, CCB more than 200 billion yuan. Comparing the first month of this year, ICBC and CCB added 56% and 49% new loans in the first month, while AgBank increased 10%. However, the Bank of BOC, Citic Bank and the bank have not seen the new lending in January, so it is difficult to compare the increase in the new loans in the first month of this year.　　In the first 15 days of January, new loans as high as 80 billion Yuan Citic Bank, also adjusted the original credit plan, the first quarter of the total credit increase from 92 billion yuan adjusted to 63 billion yuan, of which the new credit in January the scale of the previous 60 billion reduced to 30 billion yuan. According to the bank insiders to the media, the management of the regulatory departments to monitor the focus of the bank will be reported on the daily credit data, including state-owned commercial banks, joint-stock banks and key city firms. Moreover, recently, the People's Bank of China has requested all banking financial institutions to report their credit data for each month from 26th to 1st.　　At present, banks reduce the scale of credit mainly by speeding up the recovery of old loans, controlling the scale of financing of bills and converting credit assets into financial products. There are news that, as of January 28, the bank's new credit volume of less than 1.1 trillion yuan, the new loans are expected to be in January in the 1.2 trillion yuan, the first quarter between 2.1 to 2.4 trillion.