January new credit or touch high equilibrium put into regulatory key words

Xinhua Beijing, January 31 (reporter Wang, Yiu Junfang) at the beginning of last year's credit blowout pattern appears to be looming.　　According to the disclosure of the market, the first week of the new Year, China's banks increased credit more than 600 billion yuan, the first two weeks to break through the trillion yuan mark, although the bank by adjusting the pace of credit flow, the new scale has declined, but this January, China's Bank of new credit continued to blowout, again　　Analysts believe that the rapid growth in credit in January has a certain specificity, the future commercial banks are expected to pay more attention to grasp the pace of credit, the balanced delivery of credit will become a period of time to the central bank, the CBRC to the financial institutions to continue to mention the key words. "The first quarter is often the peak of the year's credit, especially in January." Affected by the Spring Festival holiday this February, January will be more than the February credit.　　Said Lianping, chief economist at Bank of Communications. Guo, director of the Banking Research Center at the Central University of Finance and Economics, said credit growth in January was mainly caused by commercial banks ' projects that were crushed by the end of last year. "In addition, the commercial banks have ascertained the regulatory layer before the credit regulation before the tight law, seize the beginning of the joint rush loan, there is a false start factor."　　"Guo said. In the credit structure, medium-and long-term loans for infrastructure will still occupy the main position. Liu Yuhui, director of the China Economic Evaluation Center at the Financial Institute of the Chinese Academy of Social Sciences, said that although the final data had not yet come out, the loan structure was expected to remain subject to project credit. "In the first quarter of last year, it was the peak of new projects that are now in the pipeline and that credit is sure to follow, and the growth of real estate loans is likely to decline from November 2009 to December," he said.　　"Liu Yuhui said. The reporter learned from ICBC that, in the middle of January, the Bank of the country under construction, the continuation of the project credit more concentrated, of which infrastructure loans accounted for a considerable share. The surge in credit growth in the last half of the month has been a high priority for regulators, and has raised concerns about whether credit is tightening. It is noteworthy that at present monetary authorities and regulatory authorities do not mention the word "austerity", "Credit balance" is the key to the current credit regulation.　　The central bank and the CBRC have said many times this year that they will try to keep credit balance in 2010 to prevent abnormal fluctuations between the seasons and the month. "The size of the $7.5 trillion trillion in new loans this year, as mentioned by regulators, is down from more than 9 trillion yuan last year, but it is still a fairly high figure compared to the size of 3 trillion to 4 trillion yuan in previous years." The current regulator's focus is more on the balance of credit, in particular, in terms of tempo and structure.　　"Lianping said.　　Central bankers have pointed out recently that at present, to maintain the reasonable and sufficient monetary credit, to guide the balanced delivery of financial institutions, so that the delivery of credit to meet the needs of economic growth, neither more nor less to give, while trying to guide financial institutions to reduce the new credit in the monthly, quarterly unreasonable fluctuations.Lu Lei, dean of the Guangdong Institute of Finance, argues that the regulator's emphasis on "a balanced delivery of credit" is due to the balance of credit, which will determine 2010 inflation expectations and asset price movements and, in turn, financial stability.　　In the first quarter of last year, our bank added 4.6 trillion yuan it accounts for more than 40% of the total amount of new credit available throughout the year, and a surge of credit tends to bring a lot of liquidity in the market, and the uneven pattern of late last year's low and sudden surprise lending helped push up the build-up of inflationary expectations, creating sharp swings in market asset prices. In general, first-quarter monetary credit is crucial for the whole year, experts say. The first quarter is often the key to the total amount of credit and rhythm control, if the first quarter of loans can not be controlled, the whole year of monetary credit is bound to face ups and downs, financial support for economic development will also weaken the sustainability.