July new RMB loans average 582.67 billion yuan

August 6, "Securities Market Weekly" by the Sina Financial Exclusive network issued by "Crystal ball China's macroeconomic July consensus" shows that the July increase in the amount of renminbi loans expected average of 582.67 billion yuan, the true value of the chain June reduced by 20.73 billion yuan.　　Central bank data showed that the first half of yuan loans increased by 4.63 trillion yuan, accounting for the annual regulatory target of 61.7%, of which June yuan loans increased by 603.4 billion yuan. Dr. Zhang Ming, the Center for International Financial Research at the Chinese Academy of Social Sciences, said in a telephone interview that credit was 3:3:2:2 in 2010 and that credit was expected to be low in the second half of the year.　　Zhang further said that the second half of the macroeconomic decay, loan demand will be limited, credit scale will be reduced, in line with the annual 7.5 trillion target demand.　　Hu Yuaxiao, chief macro analyst of Shanghai Securities, said in a written interview that the focus of monetary policy in the second half of the year will shift from scale control to structural adjustment, strategic emerging industries will be supported, and differential loan policies are required to continue to be strictly enforced. Hu also said that the impact of economic activity slowed down, the demand for effective credit significantly decreased, commercial banks in the operation of deposit pressure significantly increased, bank credit supply growth has also dropped markedly.　　The reason why credit is still strong is that monetary authorities still intend to maintain a certain bubble.　　Consistent expected survey data show that July new renminbi loan amount of the highest value of 700 billion yuan, the minimum value is 450 billion yuan, the expected median value is 595 billion yuan. The agencies involved in this survey include Bank of China (601988.SH,03988.HK), Bank of Communications (601328.SH,03328.HK), Guotai Securities, Everbright Securities (601788.SH), Haitong Securities (600837.SH), Merchants Securities ( 600999.SH), Bank of America Merrill Lynch, France Paris Securities, as well as Standard Chartered banks, HSBC and so on.