Open market operation for five consecutive weeks net withdrawal

A number of respondents said that bank funds are still well-off, "financial network" Beijing News/reporter Maggie "Central Bank Thursday (November 12) from the open market to withdraw 120 billion yuan short-term funds, resulting in this week's open market net withdrawal of 81 billion yuan capital, is the fifth consecutive week net withdrawal. November 12, the central bank issued 70 billion yuan March, the interest rate of 1.328%, and the previous interest rates unchanged.　　At the same time, the central bank also carried out the same period of positive repurchase operations, the size of 50 billion yuan, the interest rate remained stable to 1.33%.　　This operation continues the central bank's recent open market operation Idea, that is, the withdrawal of funds in the short term, the return scale does not relax, to maintain a continuous net withdrawal.　　According to wind statistics, the central bank has been in the open market for six consecutive weeks since September, but after 11 long holiday, from October 12 onwards, has been five consecutive weeks of net withdrawal of funds.　　However, according to a number of banking industry sources, the current banking system is still very abundant funds. Wanguo researchers believe that the current bond market funds are also very abundant, in general, the period of rapid credit growth in the year is over, as credit falls, the banks used in the bond markets will remain well-off.　　However, the new narrow money supply (M1) and broad money supply (M2) growth, just announced at the end of October, represent a demand for deposits and a reduction in the amount of money used in bond markets.　　The central bank November 11 released the October money supply data, M1 growth 32.03%,m2 year-on-year growth of 29.42%, the month of the Yuan loan added 253 billion yuan, foreign exchange loans increased 16.3 billion U.S. dollars.　　Yongjian, a researcher at the Bank of Communications research, said that the October increase in new loans in the renminbi still increased by 71.1 billion yuan, a October high in recent years, indicating that credit growth in October is still a higher level. Hubei Yongjian Analysis said that this is because the major investment projects started before the follow-up capital demand is still large, the new month to the public and long-term loans to 272.5 billion yuan is proof; second, as the economic recovery is further clear, the demand for private credit to recover faster; In addition, the housing market, auto market transactions remain active, Monthly household loans increased by 157.6 billion yuan, more than 153.6 billion yuan, of which, residents of the long-term increase of 138.6 billion yuan, in the total new loans in the proportion rose to 55%.