The benefits of credit delivery have deferred effects into major projects is the mainstream

"21st century": the first quarter, the domestic new loans up to 4.58 trillion, the same period of GDP growth of 6%, down 4.5% year-on-year, a 17-year minimum increase, how do you see the relationship between credit and GDP growth? Shenzhen agricultural firm Vice President Zember: We are specific operation, is a regional small bank, basically in Shenzhen, or with small and medium-sized enterprises, especially some private enterprises. Of course more basic customer base is community enterprises, Shenzhen has not entered the urbanization process before the village and township Enterprises. Now dealing with the private enterprises, small and medium-sized enterprises actually encountered difficulties, and some foreign enterprises have closed down, some export-oriented companies are facing the risk of failure. In the manhole, Fuyong, Pine Hillock, in the West suffered a greater impact.　　Longgang is also subject to a certain impact but will be better. We still insist on the principle of prudent lending. For joint-stock banks such as agricultural firms, we also take the initiative to participate in infrastructure projects, such as subway projects, government projects and so on. At the same time, our commitment to clients and to the money we put out will strengthen the management of the future and make it truly useful for the promotion and promotion of the real economy.　　This is the basic responsibility of our bank, but also we should do the management work. Hejia, professor of the Chinese University of Hong Kong: I would also like to ask, as a banker, you think the first quarter of banks to lend heavily, what is the company to get the loan?　　What's the specific thing? Zember: There should be several aspects. In accordance with the requirements of the CBRC, we have established the SME Department, in the past, they were less likely to invest in them, and now they have relaxed, lowered their entry thresholds, or given them a small sum of money from now on, and there is a capital chain, such as a business with a financial chain, if they had already gone to collect the loan, But now we give them some cushion time.　　If we all go to collect, the industrial chain break will also affect the bank.　　Shenzhen University, deputy director of the Institute of International Finance Chen Jianhua: This year, the central government to protect eight, if not guarantee is about 7%, not less than 6%. What are the key issues now? Not the issue of bank credit, but the existing projects and funds are not in line, did not find a good combination point.　　The capital of exile, whether from speed or frequency are fast, because information asymmetry, coupled with the current economic environment so that mentality is affected, enterprises do not have bold investment. On the first quarter of the issue of capital, even if the funds into the stock market, the fund's trusteeship is entirely dependent on the bank, flow to flow or in the bank, by the bank trusteeship. Money is bound to find a way out, the key is regulatory issues.　　Second, in terms of capital flow, in addition to the stock market direction, we have a considerable scale of the real economy, these scale mainly reflected in state-owned enterprises, state-owned enterprises are infrastructure.　　China Merchants Bank Accounting department general Manager Assistant Meter: We discuss 6% is not very significant, plus there are many indicators in addition to GDP, such as CPI and GDP, such as investment, consumption, import and export composition. In fact, the export situation is the least optimistic,Down more than 20%, consumption is a deflationary environment, the pull effect of domestic demand has a little doubt. It is known that there is a lag effect on the release of funds. First I would like to say that the first quarter of the 6% figures are not bad, and from other variables to see the indicators are good, or warmer signs are more obvious.　　Now there are two different arguments, one similar to the government, they are more optimistic that the economy in the second quarter or the first half of the year to see the bottom, 8% is not a problem, this is the mainstream view; the academic community is not so optimistic, they think there is contradictory information, electricity generation, electricity consumption declined, the April power generation decline more severe. We feel the economy will bottom out two times, and with such a big investment pull and the help of the loan, the likelihood of a three-quarter GDP rebound is high.　　However, since the structural problems are unresolved and the underlying concern for external demand is there, we think that the 2010 will still be bottoming out. Wang Yu, general manager, Shenzhen branch of Bank of China: Shenzhen This round basically does not occupy the investment project, the bank loan in the national growth rate is 1/3 level, mainly is the central Bohai Sea and the Yangtze River Delta, the loan has gone to the big investment Project, the infrastructure project, this certainly is the mainstream, but also has some questions, for instance the bill occupies the ratio,　　Enterprises to continue to credit and so on.　　Industrial Bank Shenzhen Branch, deputy director of the retail division Zhang Wei: I think the first quarter, the government to set the size of the financial borrowing, bank loans to keep up with, may be in the next two or three or four quarters of credit delivery will be very difficult to show. Yi Jianping, managing director, Shenzhen Branch, Bank of ABC: I feel the same way, the discussion of the problem is two levels, the first level is three drivers.　　The first is the state's domestic demand policy drive, the government's behavior; the second is the competition between the banks, the scale, the scale, because at the end of the first quarter has a market share of the assessment; The third driver is the bank's own profit and evaluation drive. The second level is the issue of loan investment, it is true that the project funds and loans are not properly docked, the effectiveness of the pull will certainly have a delayed response, the government 4 trillion of the investment, the benefits are not immediately reflected, the industry structure is one of the reasons.