Mid-year assessment pressure released early small and medium banks "hot" May credit market

Credit growth in May again exceeded market expectations. This week, the market was about 660 billion new loans in May.　　The figure left the market's expectations of about 500 billion yuan far behind. Just as markets rarely have accurate forecasts of the stock market, the probability of this failure is more likely to occur on credit.　　So far, this is the seventh time that market forecasts have been misjudged since the lifting of the credit controls last November. Who is the protagonist of credit growth in the May?　　What is the driving force behind its ascent? A number of commercial banks, May four lines of new loans in the scale of 230 billion-250 billion yuan, the remaining more than 400 billion loans for small and medium-sized banks, accounted for more than 60%.　　Unlike the credit myth of the first quarter, this small-and-medium-sized line is the protagonist of the story. Fat, chief economist at Lianping Bank of communications, said that while more than 600 billion per cent had significantly exceeded market expectations, many had not even expected 300 billion yuan before, but were normal.　　The rapid growth of credit, on the one hand, stems from the need to release fixed asset investment projects, on the other hand, because the economy is gradually recovering. However, the structure of the May, although a single month of loans to create a record of the same period, specific to each bank is still bittersweet.　　Overall, despite a slight decline in the big four lines, the loan increases are still impressive.　　Reporter learned from a number of commercial banks, four lines in May credit rankings are: May Bank of new loans of about 78 billion yuan, ICBC about 65 billion yuan, ABC about 50 billion yuan, construction bank about 33 billion yuan. The total is about $230 billion.　　This figure is roughly the same as that of the four-line new loans in April, with a total of about $220 billion in April. In the four major lines of new loans in the basic situation, the May credit was significantly increased by 70 billion yuan in April.　　This impetus comes mainly from small and medium-sized banks. In fact, the operation of small and medium-sized banks did not begin to sprint since May.　　In April, small and medium banks accounted for about 63% of new loans in the month, compared with about 65% in May. A joint-stock banker told reporters that there are two reasons for this: first, many fixed asset investment loans for syndicated loans, the lead line is basically monopolized by the four major lines, in this case, the lead line will generally use their own credit lines, will benefit other participating in the line, so that　　With the progress of the project, the increase in withdrawals only slowly benefited from the joint-stock banks; second, the four major lines in the first quarter have been more than complete the year's credit plan, and joint-stock banks have a gap, so that its credit pressure will be far greater than the big banks. "The loan is put under pressure!" We are very anxious to get the loan out. June 10, a joint-stock bank in Anhui province outspoken. And in one place, Anhui Province, a state-owned bank branch, said that the launch of the mission is basically completed, "there is no pressure, the leadership is not anxious, the following branches do not shout." Data from a large state-run branch in Zhejiang Province showed that as of the end of May, this year's creditThe increase has exceeded 50 billion yuan and has also broken the upper limit of the bank's previous plan.　　The reporter learned that the majority of joint-stock banks reflect the first 4 months of credit growth is not ideal, and the May credit for joint-stock banks, is still a bittersweet. A joint-stock bank in Beijing said that the new loans in May not only increased in April, but there was a hundreds of millions of yuan decline in the balance, that is, negative growth. A joint-stock bank, Ningbo branch, also said that the May loan growth is very poor, only slightly up tens of millions of yuan.　　Another joint-stock bank, Beijing branch, said that in 1-April, when credit data were bad, there was a recovery in May and credit had recovered. While the four-line credit "Pots are full", there are still a few small and medium-sized banks that have not completed the annual loan scheme.　　A small joint-stock bank told reporters that so far has not completed the annual credit plan of 80%, the gap is not small.　　Small and medium banks sprint to increase the launch-become a number of small and medium-sized banks May theme words. Overall, "in May, credit for joint-stock banks was better than in the previous months." "June 10, a joint-stock bank Hangzhou branch executives blunt," to increase investment, see the banks are in the launch, they do not put on the trouble. "It is the big banks that make" trouble "for small and medium-sized banks.　　The first quarter of this year, the big line of credit is "fierce". "In the first 4 months of this year, we were so pressed by the big line that we couldn't lift our heads." At present, the channel of bank funds is narrow, before the end of June, if substantial loans do not accelerate the delivery, the annual profit indicators how to complete?!　　Another joint-stock banker said anxiously on the phone. "We do Shing, always put the marketing savings in the first place, but now turned into marketing loans, which is rarely encountered."　　The joint-stock bankers said bitterly.　　In fact, many small and medium-sized bankers admit that they did not realise in the early days of the credit boom that big banks would extend their tentacles to municipal loans, one of the main reasons why some small and medium-sized banks lost market share. "We have been strict in the standard of the loan, for the city investment class loans we feel that there is a risk, has been more cautious." "The former joint-stock bank Beijing Branch said," and the four major lines of local government control and influence is far greater than we, so can guarantee credit recovery, and the cautious of the stock system is also understandable; At present, our credit rights are on the main line, the following branch of the authority is relatively small. "" In the context of increased enterprise risk, municipal projects become the focus. The key projects of municipal and provincial enterprises (technical renovation, transportation, etc.) have been the two key points of the local bank's credit investment. "But this year, state-owned banks have reacted very quickly and are doing municipal items," said the joint-stock banker.　　First, the current urban construction loan non-performing rate is still relatively low, the second is that such projects will bring a large amount of financial savings, close to the relationship between the government, "the conference, the small meeting, the banks are praised."Earlier, the Agricultural bank had quickly adjusted its strategy. By 2 March this year, AgBank's credit growth was still at a distance from other big lines, a provincial branch of AgBank said June 10.　　Agricultural Bank of the head of the headquarters to increase investment and adjust the relevant credit policies to speed up the approval efficiency, and then the effect is more significant. After the first quarter, joint-stock banks and local banks began to make some adjustments.　　The executive of the joint-stock Bank Hangzhou Branch said that, because the joint-stock Bank branch's approval authority is smaller than the big line, causes in the marketing passive situation, therefore, "the joint-stock bank also tries to adjust, if takes the form of decentralization, enlarges the investment".　　The rebound in credit restructuring May, coincides with large-scale projects "dry season", as well as the real economic rebound more clearly, to the bank to adjust the credit structure to create a "window period."　　The senior executive of the joint-stock Bank Hangzhou Branch said that the investment in credit is slowly turning to manufacturing, short loan is increasing, the proportion is increasing, and the bill financing is further compressed. "What feels more obvious now is the infusion of loans into the real economy. In terms of share, substantial loans to SMEs or the real economy have increased, a bit higher than in the previous months.　　June 10, an east-level prefecture-level Central branch of the people told reporters.　　In terms of local credit data, short-term loans increased more than medium-and long-term loans in May, while short-term loans were negative in April compared with the end of March. These local people said that the growth of short loans is actually reflected in the small and medium-sized enterprises and investment between large projects this decline. In the first four months, medium-and long-term loans grew faster, mainly is the government platform Enterprise's project loan increases more; May is a transitional period for major projects, and banks are actively looking for new growth points for credit; "And now the prospect of a warmer economy is more optimistic than in the last few months, and it could put banks on loan to ordinary companies,　　The degree of prudence is relatively mitigated. "It's much easier now to get a loan." "Is the day, Shenzhen, a private enterprise responsible to tell our correspondent," foreign banks have not changed the service, mainly four lines and local commercial banks, Hangzhou bank to give us services, very good service. "The comprehensive credit that the bank has given us this year has added another 100 million dollars to our loan base last year, and we are now using 80%." Mainly 1-year short-term liquidity loans. "At present," the official said, "there is an increase in orders, these orders are mainly from the domestic market, one is the original market growth, and we also have some adjustments in the layout of the business. Mainly to rob a lot of foreign competitors market, which accounts for about 25% of my business volume. "It can also be corroborated by the structural adjustment that bill financing continues to decline." Previously, "due to the economic recovery expectations of caution, big line in addition to the big projects and the investment of a loan, is to do paper financing."　　"The local market has seen a negative growth in paper financing in May after April," the local people said. "In May, our bill financing ratio has been pressed below 10%, freeing up billions of dollarsThe scale is used to launch substantial loans.　　"June 10, the head of a joint-stock Bank Nanjing Branch said to reporters, and currently, branches need to do three things-hint risk, control rhythm, adjust the structure.　　A number of banking industry insiders said that the real estate market warmer also led to a loan and development loan increase.　　Anhui, a large line of people said, in the May credit increase, the public loans and a share of the loan, the public loans, project loans and real estate development loans to become the main growth point, accounting for similar.　　Zhejiang Province, a large bank in May, the credit data show that the proportion of project loans of about 30%, and a loan contributed nearly half of the increase, of which the individual housing mortgage accounted for about 50%, and liquidity loans in April after the decline, May also showed some growth.　　But structural adjustment is not overnight. "The key is the project, and what is missing now is some industrial, manufacturing projects." Although the above batch of projects, but in fact, the enterprise itself is not enough initiative, under the guidance of the Government, in the technical reform, (structural adjustment) there is a process. The head of the Nanjing branch of joint-stock bank said bluntly.