Small and medium banks lending speed increase industry expected second half or credit tightening

Central Bank: June credit more than 1.5 trillion Qiu gully 1.5304 trillion yuan! This year, the monthly high June new loan data, again the market attention.　　Since the first half of the year, the new credit has reached 7.37 trillion trillion yuan, bankers expect that the annual credit growth is expected to reach 10 trillion ~ 12 trillion yuan.　　The bank's initial report, released yesterday, showed that financial institutions ' yuan loans in June were $1.5304 trillion more than last month, with 2.0022 trillion yuan added to their deposits last month, with detailed data to be announced. This is the rare advance of the central bank to disclose a single month of renminbi deposit and loan data.　　The central bankers said this was to prevent the market from excessive speculation on credit data, and will not rule out the publication again in this way.　　The June renminbi deposit and loan data set a single month of new data in the second high, the attention of the loan data is more than the previous market 1.2 trillion ~ 1.3 trillion yuan forecast, beyond May 664.5 billion yuan increase more than one times. According to the data previously obtained by CBN, as of June 26, BOC, ICBC, ABC and CCB new loans of about 343 billion yuan. According to media reports, June four lines of new credit 497 billion yuan.　　On the basis of this estimate, only joint-stock banks and city commercial banks in June to reach more than 1 trillion yuan credit, accounting for more than 2/3, just become the main force of credit. From the two quarter onwards, the credit of small and medium-sized commercial banks began to accelerate. Shenzhen, a joint-stock bank credit department, said the central 4 trillion investment projects at the beginning of the issuance of major projects have been robbed of the hand, small and medium-sized banks have to scramble for a number of medium-sized projects, in order to catch the progress, to achieve the task, small and medium-sized banks in the two quarter actively approved loans "Small and medium-sized banks in the first quarter," a lot more, put less, the two quarter put much more withdrawals, so the loan data also went up. The source said that as the real estate market warmed up, the project started to increase, in June a considerable part of the credit funds into the real estate market.　　In addition, the joint-stock bank's credit funds are mainly invested in building materials, non-ferrous metals, electric power and other industries.　　A joint-stock bank in Guangdong believes that with the third batch of Central project investment funds issued in May, local governments began to find ways to provide supporting funds, various types of projects have launched, which led to a group of City firms lending enthusiasm. The timing of the test is also a factor driving a strong rebound in credit in June. Under the pressure of six months of assessment, banks in June rushed to increase the intensity of credit.　　According to CBN, some state-owned big-quarter "rush line" behavior has been watered down, individual banks in June to the branches issued a notice, asked not to scour the scale, to dilute the effect of the point of deposit and loan. However, the "dash" situation is still serious in small and medium banks. Some of the big banks have completed their tasks ahead of schedule, so they can no longer "flush the line" and focus instead on risk control, according to the Guangdong banking industry. But there's a lot of work that's not done.Had to "lend desperately".　　The person said that in individual small and medium-sized banks, the pressure of the big even to every month to carry out performance assessment.　　The June day loan data revived the market's expectations for policy tightening, and the recent central bank's open market operation has given a fine-tuning signal that interbank repo rates have increased from 1% to 1.05% and will reopen one-year central bank bills. The Shenzhen bankers expect that the central bank will continue to tighten capital recovery in the open market in the second half of this year and regulate the credit structure through window guidance, controlling bank lending to large companies and encouraging SME lending.　　However, the benchmark rate will not be raised because the fundamentals of economic growth are not strong enough. Insiders do not believe the central bank will regulate by restoring credit-scale limits. "In fact, the regulatory authorities will have to organize an inspection, which is tantamount to a policy tightening."　　"The Guangdong banking industry said. Ma, chief economist at Deutsche Bank in Greater China, reckons that, according to the June credit data, the Year-on-year loan growth rate has reached about 34% per cent, surpassing the speed of the monetary credit expansion required by "Paul VIII". If credit continues to soar, it will lead to uncontrollable inflation, bad debts and asset bubble risks. He suggested two types of measures: a rapid slowdown in project approvals and a renewed control of quarterly and monthly loan quotas.